OPEC+ Oil Deal Hangs in the Balance Oil held Thursday’s gain after infighting within OPEC+ delayed a much-anticipated decision on raising output levels, risking an inflationary spike in prices if Continue Reading
Oil prices edged lower on Friday after OPEC+ ministers delayed their output policy meeting, with sources saying the United Arab Emirates had balked at plans to return 2 million barrels Continue Reading
Highlights OPEC+ August output could rise just 400,000 b/d Monitoring committee adjourns without recommendation Brent-WTI spread narrowest since Oct 2020 Crude futures settled higher July 1 after a smaller-than-expected bump Continue Reading
Oil prices rose on Thursday, supported by lower U.S. inventories and the prospect of strengthening demand, while investors awaited a decision from OPEC+ producers on whether they would maintain or Continue Reading
Amrita Sen says OPEC+ is likely to raise output by “anything up to 500,000 barrels per day.” Oil rose above $74 a barrel as the market waited for a meeting Continue Reading
Iranian President Mahmoud Ahmadinejad has announced plans for discussions with Arab nations about plans to enrich uranium in a neutral country outside of the the Middle-Eastern region, such as Switzerland Continue Reading
Global prices for natural gas are at multi-year highs, with high temperatures driving up demand for power generation in the northern hemisphere for air conditioning and as traders in some Continue Reading
The Texas Freeze was one of those unprecedented events that have the potential to upend the way things are done, in this case, in power utilities. The crisis, which saw Continue Reading
Deliberations on which benchmark presents the best opportunities to trade just never seem to stop. The gradual decline of all erstwhile champions of North Sea output champions has compelled pricing Continue Reading
Oil is heading for its best half since 2009 as the rebound from the pandemic boosts fuel consumption and tightens the market ahead of a key OPEC+ meeting that’s expected Continue Reading
