Oil Down as Saudis Slash Crude Prices
Oil extended losses after Saudi Arabia slashed crude prices for Asian buyers, raising the prospect of fierce competition among sellers as the resurgence of Covid-19 continues to cloud the demand Continue Reading
Crude oil futures extend retreat in wake of weak US job report
Crude oil futures extended a decline in mid-morning trade in Asia on Sept. 6 after a weaker-than-expected US employment report heightened near-term demand concerns. At 10:49 am Singapore time (0249 Continue Reading
3 Bullish Catalysts For Oil This Fall
After a dreary stretch that saw oil markets record the worst monthly loss this year, the markets have kicked off trading in September on a brighter note. Both WTI and Continue Reading
Who’s To Blame For High Gas Prices?
Earlier this year, as oil prices recovered from their pandemic lows and oil-producing companies miraculously stuck to their pledged production cuts, headlines were flooded with semi-alarmist speculation about painfully high Continue Reading
Oil Remains Elevated After Hurricane Ida Hurts Supply
A disappointing U.S. Non-Farm Payrolls report brought oil prices down slightly on Friday morning, but the supply destruction caused by Hurricane Ida looks set to keep prices elevated over the Continue Reading
Oil Posts Second Weekly Gain With U.S. Storm Impact Lingering
WATCH: Goldman Sachs’s Jeff Curie says the jury is still out on a new equilibrium for oil. Oil in New York posted its second weekly gain as the impact of Continue Reading
Oil steady ahead of U.S. jobs report as U.S. storm recovery struggles
Oil prices were largely steady on Friday as a rebound in global demand was widely expected but a slow recovery for the U.S. Gulf Coast export and refining hub from Continue Reading
Oil drops after OPEC+ reaffirms supply return as demand wavers
Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging Continue Reading
Oil Climbs With Ida’s Impact in Focus While Dollar Retreats
Oil futures in New York closed near $70 a barrel for the first time in nearly a month, with investors wagering that the market can absorb additional supply from OPEC+ Continue Reading
Natural Gas Prices Are Soaring Despite U.S. Production Records
The benchmark U.S. natural gas price has nearly doubled over the past year. The front-month Henry Hub contract jumped from $2.406 per million British thermal units (MMBtu) at the beginning Continue Reading