U.S. consumers will spend more to heat their homes this winter than last year due to surging energy prices, the U.S. Energy Information Administration (EIA) projected in its winter fuels Continue Reading
It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday Continue Reading
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
Oil prices edged down on Wednesday on concerns that oil demand growth will fall as major economies suffer through inflation and supply chain issues through surging prices for power generation Continue Reading
West Texas crude settled moderately higher with brent falling on a choppy session as traders measure energy crunch against rising demand risks. Oil futures in New York rose for the Continue Reading
Soaring European wholesale gas prices are encouraging more utilities to switch to carbon-heavy coal to generate electricity just as the region tries to wean nations off the polluting fuel. Although Continue Reading
Oil held above $80 a barrel on expectations that a power crisis from Asia to Europe will lift demand and tighten global balances. West Texas Intermediate futures were little changed Continue Reading
Oil prices reversed early losses to extend gains on Tuesday into a fourth day amid a rebound in global demand that is contributing to energy shortages in major economies. Brent Continue Reading
Highlights US crude stocks expected down 500,000 barrels WTI backwardation hits three-month high Gas-to-oil switching supports diesel demand Crude oil futures settled at fresh highs Oct. 11 as the market Continue Reading
The price of US crude oil hit a fresh seven-year high on Monday on fears that fuel demand was recovering faster from last year’s economic slowdown than producers could bring Continue Reading
