Oil prices climb more than 3%, set for multi-week gains
Oil prices climbed on Friday, heading for gains of more than 3% for the week, on increasing signs of robust demand and tighter supplies over the next few months as Continue Reading
Crude Rally Resumed On Thursday
Oil jumped Thursday as a U.S. inventory report reveled the largest stockpile reduction at Cushing since June. Oil rose in tandem with equities after traders digested a U.S. inventory report Continue Reading
Oil Rallies With IEA Seeing Gas Shortages Deepening Deficit
Oil surged past $81 a barrel after the International Energy Agency said shortages of natural gas in Europe and Asia are boosting demand for crude. WTI crude futures were up Continue Reading
Global energy prices rise across board on demand’s quick return: Platts Analytics
Consumers around the world will feel the pinch of higher energy prices as demand outpaces supply, increasing the cost of travel, heating, and food, S&P Global Platts analysts said Oct. Continue Reading
USA EIA Bumps Up Oil Price Forecast
The EIA now sees Brent spot prices averaging $71.38 per barrel in 2021. The U.S. Energy Information Administration (EIA) has increased its Brent spot average price forecasts for 2021 and Continue Reading
Henry Hub could reach $12-$14 this winter as capital discipline limits supply growth: Platts Analytics
Capital discipline from US gas producers is expected to continue to blunt support from high prices on production levels, which could lead to dramatically higher US gas prices this winter, Continue Reading
Oil Rallies With IEA Seeing Gas Shortages Deepening Deficit
Oil surged past $81 a barrel after the International Energy Agency said shortages of natural gas in Europe and Asia are boosting demand for crude. WTI crude futures were up Continue Reading
Oil rises on bigger-than-expected draw in U.S. fuel stocks
Oil prices climbed on Thursday, reversing previous losses, as a bigger-than-expected draw in U.S. gasoline and distillate stocks prompted buying. The uptick was also supported by expectations that soaring natural Continue Reading
Large Crude Build Pushes Down Oil Prices
The American Petroleum Institute (API) on Tuesday reported another week of crude oil inventory builds. This time, the build is extra large, at 5.213 million barrels for the week ending Continue Reading
Oil Holds Above $80 as IEA Warns of Volatility, Higher Prices
Oil Holds Above $80 as Global Power Crunch Tightens Demand Oil held above $80 a barrel after a four-day advance as the global energy crisis fanned demand and the International Continue Reading