Oil fell, with a post-OPEC+ meeting rally fizzling out, as traders weighed the group’s output cut as well as further lockdowns in China. Global benchmark Brent slid below $94 a Continue Reading
Oil surged at the start of the week as OPEC+ unexpectedly decided to cut output in October. West Texas Intermediate crude advanced as much as 4.1% to beyond $90 a Continue Reading
The recession ‘playbook’ may not work on the oil sector this time. The recession “playbook” may not work on the oil sector this time, a new BofA Global Research report Continue Reading
Reducing the availability of insurance services is seen by Western leaders as a way of reducing Russian crude exports. Russia stated last week that it would not sell oil to Continue Reading
Travelers alarmed at sky-high airfares this Christmas can add soaring fuel prices spurred in part by Russia’s weaponization of its energy resources to the list of factors to blame. The Continue Reading
Oil prices tumbled more than 3% on Thursday, as new COVID-19 lockdown measures in China added to worries that high inflation and interest rate hikes are denting fuel demand. Brent Continue Reading
Oil prices climbed early on Friday morning as expectations of an OPEC+ production cut grew. OPEC is already producing less than it was supposed to, but the group has been Continue Reading
Oil rose on Friday — paring a hefty weekly decline — before an OPEC+ meeting on supply at which Saudi Arabia could push for output cuts, and as efforts to Continue Reading
Oil headed for a third straight monthly drop Su Keenan reports. Oil registered its third straight monthly decline, its longest losing run in more than two years, on concern that Continue Reading
Since Monday, the national average for a gallon of regular gasoline dropped three cents to $3.82. According to new data from the Energy Information Administration (EIA), gas demand increased slightly Continue Reading
Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy, bearish oil demand signals from OPEC+ and increased restrictions to curb COVID-19 Continue Reading
Oil moved below $96 a barrel, retreating from its biggest gain in more than a month as traders weighed potential supply disruptions, including the possibility of an OPEC+ output cut. Continue Reading
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, March 21, 2016. REUTERS/Leonhard Foeger LONDON, Aug 30 (Reuters) – Oil Continue Reading
U.S. gasoline futures settled at $2.6944 per gallon on Tuesday, its lowest close since Feb. 18, before Russia’s invasion of Ukraine. The Ukraine crisis had roiled energy markets, pushing up Continue Reading
Low inventories sent the national average diesel price in the United States back above $5, the first weekly price increase in more than two months. Distillate fuel inventories in the Continue Reading
Engie says it has been informed by Russian energy giant Gazprom of a reduction in gas deliveries starting Tuesday. European energy prices plunged on signs that the region is stepping Continue Reading
Oil moved below $96 a barrel, retreating from its biggest gain in more than a month as traders weighed potential supply disruptions, including the possibility of an OPEC+ output cut. Continue Reading
Oil rose almost 1% on Monday as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth. Saudi Continue Reading
Oil climbed as traders weighed risks to the supply outlook against pledges from leading central banks to raise interest rates further. West Texas Intermediate rose toward $94 a barrel, reversing Continue Reading
Multiple OPEC+ officials have spoken out about the negative impact of “fake news” on oil markets, suggesting it has driven a disconnect between fundamentals prices. Standard Chartered believes these comments Continue Reading
– Oil prices ended higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but trading was volatile as investors digested and ultimately shrugged off warnings Continue Reading
Oil prices steadied on Thursday as producer group OPEC+ raised the prospects of curbing oil supplies while the prospect of an agreement that could return sanctioned Iranian oil exports to Continue Reading
Swiss UBS strategists predict that oil will rebound to $125 in the coming months as fundamentals point to higher prices, spare capacity is ebbing and inventories are at multi-year lows. Continue Reading
Oil held gains as falling US stockpiles and the possibility of OPEC+ cutting output heighten the prospects of an increasingly tight market. Brent futures traded near $102 a barrel. There Continue Reading
Oil prices steadied on Thursday as producer group OPEC+ raised the prospects of curbing oil supplies while the prospect of an agreement that could return sanctioned Iranian oil exports to Continue Reading
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude Continue Reading
Oil prices have traded below $100 per barrel since the beginning of August. A recession could weigh further on global oil demand, though many analysts are bullish on oil in Continue Reading
After peaking in early-May at $5.02 per gallon, U.S. national average gas prices have declined for 70 straight days to trade at $3.88 per gallon on Wednesday, marking the second-longest Continue Reading
After an impressive run that saw U.S. diesel prices fall for 62 consecutive days, diesel prices at the pump rose overnight on Tuesday, snapping the longest losing streak in two Continue Reading
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude Continue Reading
The American Petroleum Institute (API) reported a large draw this week for crude oil of 5.632 million barrels, while analysts predicted a draw of 448,000 barrels. The build comes as Continue Reading
Crude prices soared on Tuesday morning after OPEC+ leaked that it may decide to cut output once again if, and when Iran makes a full comeback to oil markets. Reader Continue Reading
U.S. natural gas futures fell more than 5% on news of a further delay in the resumption of initial operations at the Freeport LNG export plant in Texas. Freeport LNG Continue Reading
Gasoline prices in the U.S. have fallen for 70 days straight. Gasoline prices in the US have fallen for 70 days straight, the longest down streak since January 2015. Pump Continue Reading
The commodity almost hit the $10 per MMbtu mark for the first time. U.S. Henry Hub prices have climbed to a record high, Rystad Energy analyst Lu Ming Pang highlighted Continue Reading
Oil rose near $92 a barrel in New York after Saudi Arabia said OPEC+ may be forced to cut production to stabilize a volatile market. “Extreme” volatility and a lack Continue Reading
Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices Continue Reading
The diesel crisis lies dormant. While prices have dropped from a March spike, record-low stocks, demand expected from the onset of winter, and the threat of a drop off in Continue Reading
Western leaders are preparing for the possibility that Russian natural-gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an energy Continue Reading
TTF month-ahead price soars to close to Eur300/MWh Nord Stream to close for three-day maintenance Aug 31 No let-up in European gas price strength European gas prices surged on Aug. Continue Reading
Dollar hits 5-wk high on hawkish Fed remarks China’s Sichuan extends power curbs on heatwave -Caixin China cuts lending benchmarks to revive faltering economy Western leaders discuss Iran nuclear deal Continue Reading
Oil fell at the start of the week with investors weighing the prospect for more Iranian supply as the outlook for economic growth weakens. Brent futures lost as much as Continue Reading
Hedge funds are pulling out of oil as price volatility becomes excessive. Oil trading activity has fallen to the lowest level in seven years. The volatility is even impacting other Continue Reading
Heatwaves across the globe have weighed on natural gas supplies. Countries are bracing for natural gas shortages this winter. Natural gas prices across the globe are soaring, with European prices Continue Reading
Oil prices steadied on Friday, but fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand. Brent crude futures settled at Continue Reading
The price of gasoline is seemingly central to everything right now. The Fed is watching it closely, which means the stock market is watching it closely. The public is focused Continue Reading
Oil is heading for a weekly loss as lingering concerns over an economic slowdown overshadowed signs of improving US demand. West Texas Intermediate futures dropped to near $89 a barrel Continue Reading
Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut Continue Reading
Oil rose as investors weighed lingering concerns about a global economic slowdown against bullish signals from the US and OPEC. West Texas Intermediate climbed 1.1% to over $89 a barrel, Continue Reading
Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut Continue Reading
