The Regulation That Could Push Oil To $200
Oil prices could spike as high as $200 per barrel over the next 18 months, which would cause an “economic crash of horrible proportions,” according to a new report. A Continue Reading
Oil Prices Rise After API Reports Inventory Draw Across The Board
The American Petroleum Institute (API) reported a crude oil draw of 3.16 million barrels of United States crude oil inventories for the week ending July 21, compared to analyst expectations Continue Reading
Is This The Next Coal Megaproject?
Some 80km from the Chinese border, the tiny Russian village of Yerkovtsy might provide the setting for a new Russo-Chinese megaproject. The 38 BCm/year Power of Siberia (and its potential Continue Reading
Oil prices drop on worries about oversupply
Oil prices extended declines into a second session on Tuesday as attention shifted to the risk of oversupply, with market participants shrugging off escalating tensions between the United States and Continue Reading
Crude pulls back as focus returns to oversupply
Oil prices edged lower on Monday as the focus turned to oversupply worries, moving away from escalating tensions between the U.S. and Iran, which had driven prices higher early in Continue Reading
U.S.-Iran flare up supportive of crude oil prices
A flare-up in U.S.-Iranian tensions, coupled with a work stoppage in the North Sea, sent crude oil prices higher Monday ahead of the start of U.S. trading. In an apparent Continue Reading
NYMEX August gas settles 3.6 cents lower, strong production outweighs power burn
NYMEX August natural gas futures fell 3.6 cents Monday to settle at $2.721/MMBtu as dry gas production outpaced the high power burn totals seen of late. Receive daily email alerts, Continue Reading
Russian oil producer Rosneft offers oil price range
The head of Russian oil company Rosneft said that, from his view, the price for Brent crude oil will likely stay below $80 per barrel for the rest of the Continue Reading
Rosneft Sees Oil At $80 By Christmas
Rosneft’s chief executive Igor Sechin expects Brent could reach US$80 a barrel by this year’s end, Interfax reports citing a TV interview of the oil tycoon. The company’s budget for Continue Reading
Oil steady after G20 warns of risks to growth
Oil prices stabilized on Monday as worries over production losses were outweighed by concerns that trade disputes would reduce economic growth and hit global energy demand. Benchmark Brent crude oil Continue Reading