Global oil demand is not declining in a pattern that would be consistent with a recession, and demand will still grow next year from this year despite expected slowdowns in Continue Reading
Oil prices were broadly steady on Friday, lifted by supply concerns as attention turns to the next meeting between OPEC and its allies, though fears of recession capped gains. U.S. Continue Reading
Oil headed for a weekly increase on signs of tight physical supply, but remained down this month amid persisting fears of economic slowdown. West Texas Intermediate futures rose above $98 Continue Reading
Oil prices were broadly steady on Friday, lifted by supply concerns as attention turns to the next meeting between OPEC and its allies, though fears of recession capped gains. U.S. Continue Reading
Shell CEO van Beurden: there is more upside than downside for crude oil prices. Van Beurden sees ongoing tightness in crude oil supply. TotalEnergies CEO Pouyanne also stated that he Continue Reading
Since Monday, the national average for a gallon of regular gasoline has fallen eight cents to $4.27. According to new data from the Energy Information Administration (EIA), gas demand increased Continue Reading
Oil extended gains after a big draw in US crude inventories, while the prospect of a slower pace of interest-rate hikes from the Federal Reserve filtered through markets, buoying commodities. Continue Reading
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory draw of 4.5 million barrels for the week to July 22. This compared with a Continue Reading
Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker Continue Reading
Goldman’s Courvalin: Physical Oil Market Remains Tight The US is exporting more oil than ever before, with shipments poised to climb even higher. A key factor: The widening gap between Continue Reading
