The Real Crisis For Oil Is Yet To Come
Italian energy major, Eni, described 2020 as a “year of war”, regarding the energy crisis experienced in the face of a global pandemic. But it may be too soon to Continue Reading
Oil, Gas And Coal Prices Rally As Cold Winter Sets In
Higher demand for oil, natural gas, and coal due to colder than usual winter temperatures in many parts of the northern hemisphere is driving up the regional prices and international Continue Reading
The Next 5 Days Could See A Buying Spree In Oil Futures
The annual five-day rebalancing of portfolios beginning on Friday could attract as much as US$9 billion buying into crude oil contracts, putting upward pressure on oil prices, investment banks and Continue Reading
Saudi Surprise Cut Continues To Lift Oil Prices
Oil prices remained elevated and were still on the rise on Thursday, hitting an 11-month high, as the effects of Saudi Arabia’s surprise announcement about an additional million barrels of Continue Reading
Polar vortex conditions could form, potentially driving up US power, gas prices
US weather forecasters said there are indications that cold air outbreaks could begin during the third week of January while polar vortex conditions could develop, bringing Arctic air into the Continue Reading
U.S. Drivers Paying Most at the Pump Since the Pandemic
U.S. retail gasoline prices are at their highest since the pandemic drove widespread lockdowns last March, according to auto club AAA. Thursday’s national price average of $2.29 a gallon is the Continue Reading
Crude oil futures rise on EIA data of large crude draw, Democrats clinch US Senate
Crude oil futures extended their overnight gains during mid-morning trade in Asia Jan. 7, as the oil market priced in a massive decline in crude inventories reported by the Energy Continue Reading
Oil gains with supply constraints in focus after Saudi cuts
Oil prices rose on Thursday after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia to cut output over the next two months. Brent Continue Reading
Light Crude Closes Above $50 a Barrel
Oil pared gains late in the session as protests in Washington overtook the U.S. Capitol, overshadowing a draw in U.S. crude inventories and Saudi Arabia’s surprise pledge to unilaterally cut Continue Reading
Fitch Solutions Reveals Latest Oil Price Forecasts
Fitch Solutions Country Risk & Industry Research has revealed its latest Brent crude oil price projections in an outlook report published earlier this week. Fitch Solutions Country Risk & Industry Continue Reading