Three U.S. senators wrote to the U.S. Federal Trade Commission on Tuesday to urge an investigation into “elevated and volatile” prices for gasoline, diesel and jet fuel. Senators Maria Cantwell, Continue Reading
Highlights Winter 2022-2023 trades at over $6.50/MMBtu Cold weather to linger in the West, Midcontinent US storage deficit forecast to widen to 276 Bcf Benchmark US gas futures prices rocketed Continue Reading
Crude oil futures were higher in mid-morning Asian trade April 5, extending strong overnight gains as markets continued to price in the possibility of an EU-wide ban on Russian energy Continue Reading
Oil is rising further after rallying above $100 a barrel. Oil rose as some European nations pushed for a discussion on the possibility of extending sanctions to Russia’s oil and Continue Reading
Oil prices rose on Tuesday as the United States and Europe planned new sanctions to punish Russia over alleged war crimes in Ukraine, raising concerns of tighter global supply, while Continue Reading
Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia. Oil prices have fallen to levels that don’t reflect the risk of disruptions to Continue Reading
The world’s biggest independent crude trader says the current prices of oil do not reflect the risks that are out there. Oil rebounded as traders weighed a warning from Vitol Continue Reading
WTI six-month timespread backwardation at pre-invasion level Prices don’t reflect chance of more supply disruptions: Vitol The U.S. Strategic Petroleum Reserve, in Freeport, Texas, U.S. Has the U.S.’s massive strategic Continue Reading
China’s top liquefied natural gas importers are cautiously looking to purchase additional Russian shipments that have been shunned by the market in a bid to take advantage of cheap prices. Continue Reading
Recessionary fears, lockdowns in oil mix: Muller He expects OPEC+ to hold the line on output increases Return of Iranian crude unlikely as nuclear deal stumbles The global oil markets Continue Reading
