Recession fears have dragged crude prices down $40 from their peak earlier this year. Reduced liquidity has made any price moves even more volatile. Trafigura’s Chief Economist thinks that the Continue Reading
Executives from 159 oil and gas firms offer their views. The West Texas Intermediate crude oil price will be $88.74 per barrel at the end of the year. That was Continue Reading
The global liquefied natural gas market could be even tighter next year compared to already tight LNG markets in 2022, Fatih Birol, Executive Director of the International Energy Agency (IEA), Continue Reading
The European Union is considering options to cap gas prices, as a growing number of countries pressure Brussels to put a lid on sky-high fuel costs. France, Italy, Poland and Continue Reading
Oil prices fell on Thursday, with a stronger dollar paring the previous day’s more than $3 gain, though losses were capped by indications that the OPEC+ producer group might cut Continue Reading
Oil prices surged on Wednesday, with Brent up over 3% and WTI up nearly 4% shortly after the Energy Information Administration (EIA) reported surprise draws in U.S. crude oil inventory Continue Reading
Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures Continue Reading
Oil prices have tumbled below the $80 mark for the first time since January. Bearish catalysts have been weighing on oil markets, but bullish news is beginning to trickle in. Continue Reading
Oil and gas executives polled by the Dallas Fed in a survey released Wednesday fear recession and supply shortages, with optimism waning this quarter despite solid business activity. Oil and Continue Reading
Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures Continue Reading
