Crude oil prices rose to the highest since early spring after the FDA yesterday gave the green light to the Pfizer-BioNTech Covid-19 vaccine, with government officials saying several hundred vaccination Continue Reading
Structural underinvestment in oil and gas will put upward pressure on oil prices, Goldman Sachs’ commodities chief Jeffrey Currie told CNBC this week, commenting on commodity markets. All markets except Continue Reading
Oil prices have finally hit $50 last week, a projection that we made back in June this year. Bullish sentiment prevailed in the oil markets over the past week despite Continue Reading
Oil traded near a nine-month high as the IEA cautioned that a market glut will last another year. Futures had earlier fallen on concerns that more pandemic lockdowns could slow a Continue Reading
Oil inched up as the market weighed the risks of toughening restrictions in New York and London ahead of a widely available vaccine. Futures closed at a fresh nine-month high after Continue Reading
Oil prices were little changed in choppy trade on Monday as persistent oversupply in the market largely offset hopes that a rollout of coronavirus vaccines will lift global fuel demand. Continue Reading
Oil climbed past $50 a barrel after another tanker explosion in the Middle East raised concerns over the region’s stability, and as the first Covid-19 vaccine was poised to be Continue Reading
As the United States and Europe falter under the weight of ever-increasing coronavirus cases and a general lull in markets, the health of the Asian crude market has arguably pulled Continue Reading
Crude futures settled lower Dec. 11 as demand outlooks came under pressure, with US pandemic lockdowns spreading and the US Congress deadlocked on stimulus spending. NYMEX January WTI settled 21 Continue Reading
Oil prices fell back on Friday morning following a strong rally on the back of an OPEC+ agreement and new COVID-19 vaccine rollouts around the globe. For Global Energy Alert Continue Reading
