Highlights NBP front winter hits 443 p/th intraday July 7, TTF Eur182/MWh Contract up sevenfold on year as prompt spikes transposed Four distinct spikes since 2021 as pipeline supply sharply Continue Reading
Oil prices were steady on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted. Continue Reading
With crude prices under pressure from growing fears of a global recession while supply-side threats hang over the market, the near-term price forecasts for the key commodity have become increasingly Continue Reading
$85 Crude Is Citi’s Base Case as Demand Falls: Morse For much of 2022, oil steadily rallied as investors piled into bets that the world’s most liquid commodity would surge Continue Reading
A customer fuels a vehicle at a gas station in Hercules, California, on June 22. Photographer: David Paul Morris/Bloomberg Gas station owners in the US are finally making higher profits Continue Reading
ICE Brent plunges more than 9% overnight Sentiment remains fragile on recession fears Norway workers’ strike ends after government intervention Crude oil futures were higher in mid-morning Asian trade July Continue Reading
Oil steadied around $100 a barrel, with Goldman Sachs Group Inc. arguing that a plunge driven by fears a recession will hurt demand was overdone. West Texas Intermediate rose 0.8%, Continue Reading
Brent crude futures for delivery in November on Tuesday traded below $100 per barrel for the first time since mid-May, according to Refinitiv Eikon data, highlighting a market structure that Continue Reading
Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production Continue Reading
Oil to Remain Above $80 Even With a Recession: Analyst Crude oil could collapse to $65 a barrel by the end of this year and slump to $45 by end-2023 Continue Reading
