Oil Prices Plunge Amid Higher US Inventories
Oil hit a four-month low in London alongside a broader market selloff as swelling U.S. crude stockpiles added to concerns that a fresh surge in coronavirus cases may derail the Continue Reading
Crude falls on bearish API data, concerns over coronavirus restrictions
Crude oil futures took a dive during the mid-morning trade in Asia on Oct. 28, erasing most of their overnight gains, as the market grew anxious over a large build Continue Reading
Oil Slumps With Equities as Concerns Rise Over Inventories
Oil fell sharply as an industry report showed a rise in U.S. crude stockpiles and stock markets in Europe came under pressure. Crude futures in New York fell 3.9%, while those Continue Reading
Oil Rally Stalls On Larger Than Expected Crude Inventory Build
The American Petroleum Institute (API) reported on Tuesday a bigger build than expected in crude oil inventories of 4.577 million barrels for the week ending October 23. Analysts had predicted Continue Reading
Oil Demand In Doubt As COVID Cases Climb
The price of WTI is once again below $40 as new COVID cases drive demand lower and Libya threatens to bring a new wave of supply online. Chart of the Continue Reading
Analysis: Lower-for-longer LNG prices to put buyers in the sweet spot for years
LNG prices are expected to stay in a lower-for-longer phase over the medium to long term on the back of strong global gas supply, which will benefit buyers and support Continue Reading
ANALYSIS: Rising Henry Hub prices to fuel seasonal decline in gas-fired power generation
As cash prices at the Henry Hub zoomed past $3 this week, an ongoing wave of fuel switching is promising to significantly reduce gas demand from power generators this winter. Continue Reading
Crude futures tick up after Hurricane Zeta forces production shut-ins
Crude oil futures ticked up during the mid-morning trade in Asia on Oct. 27 after oil producers in the US Gulf started shutting in production ahead of Hurricane Zeta, providing Continue Reading
Oil Edges Higher on Weak Dollar With Bearish Headwinds Mounting
Oil clawed back some losses in New York as the dollar weakened, although rising Libyan production and fading hopes for fresh U.S. stimulus pointed to a bearish outlook for the Continue Reading
Oil advances, but outlook gloomy as coronavirus cases, supply grow
Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains muted as surging COVID-19 cases around the world hurt the outlook for crude demand while supply is Continue Reading