Pennsylvania state senators on Wednesday raised concerns that a possible multistate initiative to reduce emissions of climate warming gases from cars and trucks will drive up fuel prices in the Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Thursday, amid higher US inventories and lurking concerns of poor demand as the coronavirus outbreak continued to spread. At 10:48 Continue Reading
Crude oil headed lower today, reversing a rally after the Energy Information Administration reported a build in oil inventories of 3.5 million barrels for the week to January 24. Analysts Continue Reading
Oil prices were mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts. Continue Reading
One of my energy sector predictions for this year was that oil prices would not drop below $50 a barrel. This may turn out to be the fastest falsified prediction Continue Reading
Low priced natural gas is continuing to grab market share from coal in the Midwest power market this month, despite notably lower power load there, which has accompanied milder temperatures Continue Reading
Oil prices rose for a second day on Wednesday, recouping some losses after a five-day rout on talk that OPEC could extend oil output cuts if a new coronavirus hurts Continue Reading
The American Petroleum Institute (API) estimated on Tuesday a surprise large crude oil inventory draw of 4.27 million barrels for the week ending January 24, compared to analyst expectations of Continue Reading
The global gas glut continues to grow worse, with LNG prices recently dropping to a 10-year low. LNG prices in Asia recently fell below $4/MMBtu, down 40 percent from a Continue Reading
OPEC is inclined to extend the ongoing production cuts at least through June and could discuss deeper cuts if need be, OPEC sources told Reuters on Tuesday, as oil prices Continue Reading
