Crude oil futures were trading lower in mid-morning trade in Asia June 29 after a surge in new coronavirus cases across the US clouded the demand outlook. Receive daily email Continue Reading
Oil kept falling after just its second weekly drop since April as coronavirus infections and fatalities surpassed grim milestones in a reminder the outbreak is far from under control in Continue Reading
Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading some countries to resume partial lockdowns that could Continue Reading
An oil trade that made its way into Donald Trump’s press briefings — and earned big profits for commodity merchants and tanker owners alike — is fading away with every Continue Reading
Natural gas prices plunged to new lows this week, falling below $1.50/MMBtu, a catastrophically low price for U.S. gas drillers. The factors afflicting the gas market are multiple. Prices had Continue Reading
Oil posted its second weekly loss for the month, as a surge in U.S. coronavirus cases clouds the demand outlook and casts doubts on the market’s recovery. (Bloomberg) — Oil Continue Reading
The two-month oil rally has stalled, with WTI falling back to $38 per barrel. The resurgence of Covid-19 across the U.S. has halted the market’s positive momentum. Natural gas prices Continue Reading
Oil posted its second weekly loss for the month, as a surge in U.S. coronavirus cases clouds the demand outlook and casts doubts on the market’s recovery. Futures in New York Continue Reading
S&P Global Platts and Argus Media will today launch new benchmarks for pricing U.S. crude oil that is being exported to replace the West Texas Intermediate benchmark. The new benchmarks Continue Reading
Autumn forwards prices at Appalachia’s benchmark Dominion South hub are at fresh lows in late June as anticipated production growth, rising gas storage levels and limited midstream capacity loom large Continue Reading
