Category: Prices

Oil dropped the most in more than a week with Gulf of Mexico production starting to resume and Libya reopening its biggest field. (Bloomberg) — Oil dropped the most in Continue Reading

The Henry Hub spot price increased for the second straight trading session as there was a bullish sentiment in the region from decreased offshore production and increased LNG feedgas demand Continue Reading

Oil prices settled about 3% lower on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Continue Reading

Crude oil futures fell during mid-morning trade in Asia Oct. 12, extending losses seen on Oct. 9, as supply-side disruptions in the US Gulf of Mexico and Norway abated, and Continue Reading

Oil dropped for a second day as operations in the U.S. Gulf of Mexico started to resume following Hurricane Delta and Libya took a major step toward reopening its biggest Continue Reading

Just after global oil demand crashed by 20 percent in April, analysts predicted that consumption would recover in the second half of 2020 and, supported by the OPEC+ production cuts Continue Reading

Crude prices slid after oil workers in Norway called off a strike that had shut down about 8% of the country’s production. Futures in London and New York both fell Continue Reading

Crude oil futures ticked lower during mid-morning trade in Asia Oct. 9, but maintained most of their overnight gains, as the market remained lifted by the exacerbating supply disruptions in Continue Reading

Oil is poised for the biggest weekly gain since June with Hurricane Delta forcing the shutdown of almost 92% of crude output in the Gulf of Mexico. Delta regained strength Continue Reading

Oil climbed to the highest in more than a month as Hurricane Delta forces operators to shut in nearly 92% of crude output in the Gulf of Mexico. (Bloomberg) — Continue Reading