Money managers started 2021 with optimism that oil prices will benefit from a rise in economic activity as vaccines are being rolled out. Hedge funds and other portfolio managers held Continue Reading
Recovering demand for liquefied natural gas (LNG) and the strongest spot LNG prices in more than half a decade are set to encourage more U.S. exports of LNG this year. Continue Reading
Oil steadied in Asia after surging to a 10-month high on Saudi Arabia’s pledge to cut an extra 1 million barrels a day of crude output in February and March Continue Reading
Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures Continue Reading
Oil surged to its highest since February after Saudi Arabia pledged to voluntarily cut output by an extra 1 million barrels a day in what Russia’s Deputy Prime Minister described Continue Reading
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 1.663 million barrels for the week ending January 1. Analysts had predicted an inventory draw Continue Reading
Crude oil futures edged higher in mid-morning trade in Asia Jan. 5 on hopes that OPEC+ will maintain January production quotas into February, but the gains were tapered by concerns Continue Reading
Oil prices were little changed on Tuesday before deadlocked talks between major producers about potential changes in February output are set to continue later in the day while fuel demand Continue Reading
Oil futures settled lower Jan. 4 as the OPEC+ group announced it would extend for a second-day talks regarding February output hikes. Receive daily email alerts, subscriber notes & personalize Continue Reading
Oil prices slipped from multi-month highs to end more than 1% lower on the first trading day of the year after OPEC+ failed to decide on Monday whether to increase Continue Reading
