Gas Prices Dropping with Temperatures Across the Country
The national gas price average is $2.54, which is three cents cheaper than last week, a penny less than last month, yet 30-cents more than a year ago. Gas prices Continue Reading
Additional Taxes Proposed for Alaskan Oil and Gas Companies
Whether or not the oil and gas tax structure needs to be changed in Alaska is the talk of the town of Juneau once again. According to Anchorage Democratic Senator Continue Reading
Crude oil futures dip as surplus outweighs unrest in Middle East
Crude oil futures were steady to lower in mid-morning trade in Asia Tuesday as ample supply countered concerns over unrest in key Middle Eastern producer nations Libya and Iraq. At Continue Reading
Oil rises as Libya declares force majeure in oilfields
Oil prices rose to their highest in more than a week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing Continue Reading
Hedge Funds Dump Oil After Middle East Tensions Ease
After the spike in oil prices in the first days of 2020 on the back of increased tension between the U.S. and Iran, money managers liquidated some of the long Continue Reading
Has Natural Gas Hit Rock Bottom?
U.S. natural gas prices fell below $2/MMBtu on Friday for the first time in nearly four years. The gas market is suffering from oversupply, as the shale industry has drilled Continue Reading
Crude oil future rise amid supply disruptions in Libya, Iraq
At 10:58 am Singapore time (0258 GMT), front-month March ICE Brent crude futures rose 67 cents/b (1.03%) from Friday’s settle at $65.52/b, while the NYMEX February light sweet crude contract Continue Reading
Oil rises as Libyan oilfields shut down
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude Continue Reading
Feel good factor keeps world stocks near record highs, oil jumps
World stocks held near record highs on Monday as generally better data and earnings bolstered sentiment, while oil prices hit their highest in over a week after two large crude Continue Reading
Oil steadies as Chinese economy offsets trade optimism
Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. Continue Reading