Highlights Platts JKM already teasing $18/MMBtu Trading reflects concerns about steep price trajectory Gas inventories in North Asia, Europe closely watched Asia’s LNG importers expect high spot prices this winter Continue Reading
Oil clung to the gains from its biggest two-day advance since November, with prices continuing to fluctuate amid concerns about the impact of the coronavirus on global consumption. Futures in Continue Reading
Oil prices dropped on Wednesday but stayed above $70 a barrel, taking a breather after recent days’ strong rally as Mexico was set to resume crude production following a major Continue Reading
Oil prices gained for a second session, building on the biggest one-day gain in five months, amid glimmers of optimism among bulls that a hit to demand from the delta Continue Reading
Oil extended gains from the biggest jump in five months as China’s success in stamping out virus flare-ups boosts optimism of a demand recovery. U.S. oil futures rose 2.9% while Continue Reading
The recent resurgence in Covid-19 infections in many parts of the world led not just to a slump in oil prices but growing pessimism about the prospects of oil demand. Continue Reading
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 1.622 million barrels for the week ending August 20, bringing the total 2021 crude draw Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Aug. 24, after surging by more than 5% overnight, as falling COVID-19 cases in China and expectations of a delay Continue Reading
Oil prices gained for a second session, building on the biggest one-day gain in five months, amid glimmers of optimism among bulls that a hit to demand from the delta Continue Reading
Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand would follow a Continue Reading
