Oil Caps Worst Week in 10 Months
Oil fell, capping the biggest weekly loss since October, as the spread of the delta coronavirus variant in China and elsewhere in the world is casting doubts on-demand growth. West Continue Reading
Oil Rally Checked by Delta
Oil headed for the biggest weekly loss since March as the spread of the delta coronavirus variant cast doubt on the continued recovery in demand, particularly in the world’s biggest Continue Reading
Analysis: Winter is coming: temperature extremes fuel global gas rally
Global gas prices are expected to break records this winter as a hot northern hemisphere summer leaves inventories low in key markets, just as green energy drives ramp up in Continue Reading
Crude oil futures steady as pandemic concerns remain at the forefront
Crude oil futures were steady during mid-morning trade in Asia Aug. 6, as the spread of the delta variant of the coronavirus in key oil-consuming economies continued to limit the Continue Reading
Oil up, but heads for largest weekly loss since March on demand worries
Oil prices extended gains on Friday but remained on track for their biggest weekly decline since March as travel restrictions to curb the spread of the COVID-19 Delta variant are Continue Reading
Oil drops towards $70 as virus concerns weigh
Oil prices declined towards $70 a barrel on Thursday as more countries imposed fresh movement restrictions to counter a surge in COVID-19 cases, though Middle East tensions offered support. Japan Continue Reading
The Era of Cheap Natural Gas Ends as Prices Surge by 1,000%
The era of cheap natural gas is over, giving way to an age of far more costly energy that will create ripple effects across the global economy. Natural gas, used Continue Reading
Millions of Brits to face energy price hike as global gas prices bite
Energy prices for millions of Britons are expected to rocket from October after the energy regulator said it would increase its cap on the most widely used tariffs by about Continue Reading
Oil drops towards $70 as virus concerns weigh
Oil prices declined towards $70 a barrel on Thursday as more countries imposed fresh movement restrictions to counter a surge in COVID-19 cases, though Middle East tensions offered support. Japan Continue Reading
Crude extends slide following surprise US inventory build
Highlights US crude stocks climb 3.63 million barrels Exports fall to 12-week low ADP shows weaker-than-expected US July jobs growth Crude oil futures extended decline Aug. 4 on the heels Continue Reading