Russia may temporarily cut production: deputy prime minister Will OPEC+ go big on a production cut? Manus Cranny reports from Vienna. Oil extended its rally after OPEC+ agreed to the Continue Reading
OPEC+ agreed to cut its collective output limit by 2 million barrels day. by S.E.Wardany, G.Smith, B.Bartenstein, F.MacDonald View All Attend Rigzone’s Oil & Gas Career Fair on October 6th Continue Reading
Prices vary widely across the country, with California’s average at $6.425 a gallon. U.S. gasoline prices are ticking up after a roughly 100-day decline, threatening to inflict new pain on Continue Reading
Oil inched lower on Wednesday after gains in recent days as OPEC+ producers looked set to agree deep output target cuts later in the day despite a tight market. Brent Continue Reading
The American Petroleum Institute (API) reported a surprise draw this week for crude oil of 1.770 million barrels, while analysts predicted a build of 333,000 barrels. U.S. crude inventories have Continue Reading
Oil prices rose on Tuesday as expectations that OPEC+ may agree to a large cut in crude output on Wednesday offset concerns about the global economy. Brent crude was up Continue Reading
A gas pump is inserted inside an Audi vehicle at a Mobil gas station in Beverly Boulevard in West Hollywood, After a tumultuous year, U.S. gasoline prices have been steadily Continue Reading
Oil prices rose on Tuesday as expectations that OPEC+ may agree to a large cut in crude output on Wednesday offset concerns about the global economy. Brent crude was up Continue Reading
‘Crude at $130-$140 a barrel is as unsustainable as crude at $20-$30’. Oil bulls finished September with their worst month and quarter in two years, Barani Krishnan, a senior commodities Continue Reading
Prices have dropped about 50% from the highs of late August European natural gas prices extended declines as mild weather and ample stockpiles ease concerns about shortages. Benchmark futures declined Continue Reading
The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels a day, according to delegates. Stephen Stapczynski reports. Oil surged near $83 a barrel Continue Reading
Oil prices jumped almost $4 on Monday as OPEC+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest Continue Reading
Global gas markets are expected to remain tight next year as Russian pipeline gas supplies dwindle and gas demand falls in Europe in response to energy saving measures and high Continue Reading
Following several weeks of decline, oil prices began to climb early on Monday morning on expectations of an OPEC+ production cut. Reports suggest that Russia is eager to cut production Continue Reading
The global energy crisis may finally be coming to America. As Europe scrambles to secure LNG supplies, American companies are racing to lend a hand. With more American LNG flowing Continue Reading
Oil prices dipped on Friday in choppy trading but notched their first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output Continue Reading
JPMorgan’s Malek Sees Oil Above $100 by End of Year Oil shed nearly 25% to post its first quarterly loss in more than two years as escalating fears over a Continue Reading
Oil prices are on course for their first quarterly loss since 2020, with recession fears driving prices down to an eight-month low last week. There is some upside potential for Continue Reading
Current energy crisis forces intensified this week. Gas prices appear like a leaf in the wind, with little indication on how far they will be carried and in what direction. Continue Reading
Oil prices fell on Thursday, with a stronger dollar paring the previous day’s more than $3 gain, though losses were capped by indications that the OPEC+ producer group might cut Continue Reading
Recession fears have dragged crude prices down $40 from their peak earlier this year. Reduced liquidity has made any price moves even more volatile. Trafigura’s Chief Economist thinks that the Continue Reading
Executives from 159 oil and gas firms offer their views. The West Texas Intermediate crude oil price will be $88.74 per barrel at the end of the year. That was Continue Reading
The global liquefied natural gas market could be even tighter next year compared to already tight LNG markets in 2022, Fatih Birol, Executive Director of the International Energy Agency (IEA), Continue Reading
The European Union is considering options to cap gas prices, as a growing number of countries pressure Brussels to put a lid on sky-high fuel costs. France, Italy, Poland and Continue Reading
Oil prices fell on Thursday, with a stronger dollar paring the previous day’s more than $3 gain, though losses were capped by indications that the OPEC+ producer group might cut Continue Reading
Oil prices surged on Wednesday, with Brent up over 3% and WTI up nearly 4% shortly after the Energy Information Administration (EIA) reported surprise draws in U.S. crude oil inventory Continue Reading
Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures Continue Reading
Oil prices have tumbled below the $80 mark for the first time since January. Bearish catalysts have been weighing on oil markets, but bullish news is beginning to trickle in. Continue Reading
Oil and gas executives polled by the Dallas Fed in a survey released Wednesday fear recession and supply shortages, with optimism waning this quarter despite solid business activity. Oil and Continue Reading
Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures Continue Reading
Oil rallied after a report that Russia will advocate for OPEC+ nations to cut production, heightening supply concerns as deadlines to implement Russian fuel bans approach. West Texas Intermediate rose Continue Reading
Oil rose more than 1% on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and a Continue Reading
The American Petroleum Institute (API) reported a build this week for crude oil of 4.150 million barrels, while analysts predicted a build of 333,000 barrels. According to API data, U.S. Continue Reading
Goldman Sachs cut its oil price forecast on Tuesday on the deteriorating global economic outlook—although it remained bullish on oil. Goldman said it remained bullish, anticipating that oil prices would Continue Reading
Ongoing supply chain woes could push oil prices back to $100 per barrel. Analysts estimate gasoline prices could return to $5 per gallon. Biden’s ability to continue pouring oil onto Continue Reading
Oil rose more than 1% on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and a Continue Reading
Crude has fallen below $80 on recession fears. Some large investment banks including JPMorgan and Goldman Sachs remain highly bullish on crude. Aramco CEO Nasser: the oil market is not Continue Reading
Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration LONDON, Sept 26 (Reuters) – Oil prices fell for a Continue Reading
Unused capacity in global oil production has fallen to exceptionally low levels, contributing to the intense upward pressure on prices until very recently. Restoring spare capacity to more comfortable levels Continue Reading
Europe’s natural gas prices have continued their sharp pullback across UK and European benchmarks as the continent has filled up its gas storage ahead of schedule. Benchmark Dutch front-month futures Continue Reading
Brent, the international oil benchmark, fell below $85 a barrel for the first time since January amid mounting concerns about a global economic slowdown. Central banks around the world have Continue Reading
Oil prices fell for a second day on Monday on fears of lower fuel demand from a possible global recession sparked by rising interest rates, with further price pressure coming Continue Reading
Oil dropped again, with Brent sliding below $85 a barrel at one point, as the dollar’s surge and mounting recessionary concerns threatened global demand. The global oil benchmark hit the Continue Reading
Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates Continue Reading
WATCH: Amrita Sen, Founder and Director of Research at Energy Aspects, discusses her outlook for energy markets. Oil posted its longest stretch of weekly losses this year as central banks Continue Reading
A driver holds a fuel nozzle at a gas station in Sacramento, California. Photographer: David Paul Morris/Bloomberg The US is running low on gasoline on the West Coast and in Continue Reading
Oil headed for a fourth weekly decline after a raft of interest-rate hikes around the world darkened the outlook for energy demand. West Texas Intermediate futures edged below $82 a Continue Reading
Oil prices fell on Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns after Moscow’s new mobilization campaign in its war with Ukraine Continue Reading
Oil rose on Thursday after sliding 1% in the previous session on the prospect of higher Chinese demand and geopolitical risks. Brent crude futures were up $1.09, or 1.21%, to Continue Reading
Oil rose on Thursday after sliding 1% in the previous session on the prospect of higher Chinese demand and geopolitical risks. Brent crude futures were up $1.09, or 1.21%, to Continue Reading
