Category: Prices

Spot prices for liquefied natural gas (LNG) delivery in Asia jumped to a six-year high this week as lower-than-normal temperatures in key LNG importers and continued growth in China’s industrial Continue Reading

Coal consumption is set for a rebound of 2.6 percent next year as the world’s heavy industry emerges from the pandemic crisis, the International Energy Agency said in its latest Continue Reading

COVID Market Update Despite the vaccine optimism prevalent in the market that has successfully boosted oil prices to February levels, the oil market is still in trouble. OPEC has once Continue Reading

Crude oil prices ticked down during midmorning trade in Asia Dec. 18 as renewed uncertainty about the US stimulus package emerged while pandemic considerations weighed on the market. Receive daily Continue Reading

Crude oil prices are on the rise again after a short reversal of fortunes prompted by a huge crude oil inventory build reported by the U.S. EIA last week and Continue Reading

Oil prices slid from nine-month highs on Friday, with soaring COVID-19 cases seen as a threat to near-term fuel demand and a strengthening of the U.S. dollar also having a Continue Reading

Oil climbed to the highest since February as U.S. lawmakers discuss a virus relief deal that could provide a near-term boost to demand ahead of a wider distribution of the Continue Reading

Since the Oil Crisis of 70’s and early 80’s, the price of crude oil has remained, mostly, in a $10-$30 band before breaking out of it in 2004. This breakout Continue Reading

Commodity trading giant Trafigura expects a strong rebound in oil demand next year thanks to mass vaccinations, which will push crude oil prices to $55-60 a barrel, Argus Media reported, Continue Reading

Oil extended gains from the highest settlement in almost 10 months after broader markets rallied and American crude stockpiles declined more than expected. Futures in New York rose 0.5% to Continue Reading