Russian President Vladimir Putin said Moscow was ready to work on stabilizing the global energy market, causing a sudden reversal in natural gas prices, which had earlier soared to their highest level Continue Reading
Gas markets swung sharply on Wednesday after Russia’s president Vladimir Putin said his country was prepared to stabilise the soaring global energy prices that are threatening to curb industrial activity Continue Reading
The benchmark European gas prices continued their rally this week, surging to new record highs on Wednesday Five European countries, which include Spain and France, issued a joint statement on Continue Reading
The American Petroleum Institute (API) on Tuesday reported another surprise build in crude oil inventories of 951,000 barrels for the week ending October 1. This compares to analyst expectations for Continue Reading
Oil erased an earlier gain to trade little changed as wider markets were pressured by risks to global growth. Futures in New York were down 0.6% after earlier climbing towards Continue Reading
Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+’s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply Continue Reading
Government spending has soared since 2008, but spending during Covid and the upcoming infrastructure bill represents an entirely new level of spending This government spending, alongside soaring oil prices and Continue Reading
Hedge fund speculators are having a heyday in oil markets, betting big on even higher crude prices in the short-to-medium term. Demand for oil is set to continue rising in Continue Reading
Oil prices climbed on Tuesday, hitting their highest levels in at least three years, extending gains triggered during the previous session after the world’s major oil producers announced they had Continue Reading
US oil prices rose to the highest level in seven years after Opec and its allies declined to accelerate plans to increase crude production, snubbing calls from the White 1–louse Continue Reading
