Oil Prices Recover After Manic Monday
Despite a major oil price crash on Monday, oil prices are now on course to close out the week more or less unchanged. Friday, July 23rd, 2021 The news of Continue Reading
Oil slips but set to end week steady on tight supply
Oil fell further below $74 a barrel on Friday but was on track to end the week largely unchanged after rebounding from a sharp drop on Monday, underpinned by expectations Continue Reading
Henry Hub gas tops $4 as hot weather fuels concern over supply constraints, storage
Natural gas prices at the US benchmark Henry Hub recently zoomed past the $4 level, where the market continued to trade July 23 amid renewed bullishness over hot weather and Continue Reading
Thermal coal prices soar as demand for electricity rebounds
Thermal coal is one of this year’s best-performing asset classes Supply disruptions, a drought in China and rebounding electricity demand have fired up the market for thermal coal, making the Continue Reading
Oil slips but set to end week steady on tight supply
Oil fell further below $74 a barrel on Friday but was on track to end the week largely unchanged after rebounding from a sharp drop on Monday, underpinned by expectations Continue Reading
Oil Gains With Robust Global Demand Tightening Crude Market
Oil rose to the highest in a week amid expectations that recovering demand from the U.S. to India and Europe will further tighten global crude markets. Futures in New York Continue Reading
Oil prices rise on signs of tightening supplies
Oil prices rose on Thursday, extending strong gains made in previous sessions on expectations of tighter supplies until the end of the year as economies recover from the coronavirus crisis. Continue Reading
Oil prices rise on signs of tightening supplies
Oil prices rose on Thursday, extending strong gains made in previous sessions on expectations of tighter supplies until the end of the year as economies recover from the coronavirus crisis. Continue Reading
The Real Reason Oil Prices Aren’t At $80
The UAE’s awarding last week of a slew of huge drilling contracts aimed at increasing its crude oil output capacity from around 4 million barrels per day (bpd) to 5 Continue Reading
Oil Erases Decline With Equity Markets Climbing Higher
Oil wiped out an earlier decline as sentiment firmed in wider markets, with crude gradually recovering from a rout earlier in the week. West Texas Intermediate futures added 0.3%, reversing Continue Reading