U.S. Oil Rig Count Unchanged As WTI Slumps Below $100
The number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Europe’s Diesel Market Slides From Mind-Blowing to Amazing
Europe’s diesel market is plunging — from unthinkable highs to levels that would have been incredible at almost any other time in history. About a month ago, a barrel of Continue Reading
Crude Fluctuates Amid Soft European Economic Data
Oil swung between gains and losses after European economic data missed estimates, fanning concerns of an economic slowdown. Global benchmark Brent fell as much as 0.6%, to trade near $103 Continue Reading
Oil prices rise as tight supply, geopolitical tensions linger
Oil prices climbed in Asia trading on Friday, rebounding from previous declines amid supply tightness and geopolitical tensions, even though weakened demand in the United States has cast a shadow Continue Reading
Heat Wave Sends Natural-Gas Prices Soaring
Some of the hottest weather on record is lifting natural-gas prices, reversing last month’s plunge and reviving a key driver of inflation. Natural-gas futures have jumped 48% this month—including 10% Continue Reading
Oil Slumps in Summer Trading as Market Weighs US Fuel Demand
Oil slid as investors assessed signs of lackluster US gasoline demand. West Texas Intermediate fell near $97 a barrel, while the dollar erased an earlier loss, making commodities priced in Continue Reading
Oil prices slump as stockpiles, rate hikes stoke demand worries
Oil prices fall for second session Libya’s NOC says production resumes at several oilfields Gazprom resumes gas flows to EU in Nord Stream 1 pipeline ECB poised to hike rates Continue Reading
Oil prices slip ahead of U.S. inventory data
Oil prices fell more than $1 a barrel on Wednesday, under pressure from global central bank efforts to limit inflation and ahead of expected builds in U.S. crude inventories as Continue Reading
Heat Wave Sends Natural-Gas Prices Soaring
Some of the hottest weather on record is lifting natural-gas prices, reversing last month’s plunge and reviving a key driver of inflation. Natural-gas futures have jumped 48% this month—including 10% Continue Reading
New England gas prices top $20 on AGT system restrictions, demand spike
Highlights Algonquin city-gates, Iroquois Zone 2 spike Algonquin J-system flows restricted to zero Power plant, LDC demand on Algonquin surge Natural gas prices in New England are up sharply over Continue Reading