Oil retreated as salvage teams refloated the giant vessel that has been blocking the Suez Canal, and traders weighed the impact of renewed lockdowns on global energy consumption before an OPEC+ Continue Reading
Rising oil prices are testing the developing world’s resolve to quit fossil fuels. The president of Brazil has fired the chief of the country’s largest oil producer — inadvertently sending its currency, bonds Continue Reading
The U.S. natural gas benchmark is set for several months of below $3 MMBtu price analysts and EIA forecasters say. The agency cited declining demand for heating in the spring Continue Reading
Oil in New York barely nudged this week despite whipsawing over several days, as renewed lockdowns in some regions blunted near-term demand outlooks and muted the impact of a standstill Continue Reading
Crude oil futures settled 4% higher March 26, clawing back most of the prior session’s losses as the market eyed an extended disruption in the Suez Canal and the likelihood Continue Reading
Friday, March 26th, 2021 Oil has bounced around with significant volatility this week, dragged down by slow vaccinations, lockdowns, and speculative outflows, but pushed back up on Suez Canal bottlenecks. Continue Reading
Global equity benchmarks and oil prices rose on Friday while safe havens such as the dollar and U.S. Treasuries dipped as hopes for a global economic recovery overshadowed the continued Continue Reading
Crude oil futures rose during mid-morning trade in Asia March 26, as the market braced for the possibility that the Suez Canal may remain blocked by the stuck Ever Given Continue Reading
Oil resumed gains as investors weighed the implications of a massive container ship still stuck in the Suez Canal after a volatile few days that that saw prices swing wildly Continue Reading
Oil prices reversed a sharp sell-off a day earlier to rise about 2% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking Continue Reading
