The American Petroleum Institute (API) estimated that there was a surprise build this week for crude oil of 3.754 million barrels, compared to analyst predictions of a 1.867 million barrels Continue Reading
Falling prices indicate the market has not fully realized the potential impact of lost Russian barrels on global supply, according to Rystad Energy. The reprieve of cheaper oil may be Continue Reading
The heat is coming out of the oil market, and fast. West Texas Intermediate oil futures have shed around 20% since closing at the highest since 2008 a week ago, Continue Reading
Portfolio managers cut their bullish bets on Brent Crude by the most in years in the week to March 8, according to data from futures exchanges compiled by Bloomberg . Continue Reading
European natural gas prices declined amid mild weather and steady flows from Russia via Ukraine. Above-average temperatures are forecast across northern Europe next week, easing concerns that any disruption in Continue Reading
Oil prices shed as much as $4 a barrel on Monday, extending last week’s decline as diplomatic efforts to end the war in Ukraine geared up and markets braced for Continue Reading
U.S. gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week following Russia’s invasion of Ukraine. Retail gasoline prices fell for the second straight Continue Reading
U.S., China to meet on Monday to discuss the Russian invasion Source: Bloomberg Oil declined following a volatile week of trading after Ukraine’s president said talks with Moscow showed signs Continue Reading
Commodity prices, including oil and natural gas, are all over the place. Russia’s aggression in Ukraine, and the subsequent retaliation from the West, have sent global supply chains into chaos. Continue Reading
European natural gas prices extended last week’s slump on signs that talks to stop the war in Ukraine may advance, easing tensions over potential Russian supply curbs. Any progress in Continue Reading
