Gas Prices In Europe Hit Record High Amid Supply Concerns
The gas price at the Dutch TTF hub, the benchmark gas price for Europe, jumped early on Thursday in Amsterdam to trade at $221. Javier Blas: The new record from Continue Reading
Crude oil higher as traders avoid Russian Urals
Crude oil futures continue on an uptrend in mid-morning Asian trade March 3 as the market shunned Russia’s Urals crude amid expectations of international sanctions on the country’s energy market. Continue Reading
Oil Prices Top $115, Stock Futures Wobble Amid Ukraine Crisis
U.S. stock futures crept down while oil prices continued to surge, as investors monitored Russia’s invasion of Ukraine and how a jump in commodities prices is likely to impact inflation Continue Reading
Oil Tops $114 as Shunned Russian Barrels Leave Hole in Market
The decision by the U.S. and other major economies to coordinate a release of oil stockpiles will have little impact, says Energy Aspects founder and Director of Research Amrita Sen. Continue Reading
Oil prices hit multi-year highs as U.S. sanctions target Russian refiners
U.S. sanctions Russian oil refining sector U.S. exempts Russian oil and gas exports for now OPEC+ maintains 400,000 bpd output increase in March U.S. SPR stocks near 20-year low – Continue Reading
Market Panic Is Here
Investors, traders, and politicians alike are scrambling. Market panic is here, according to Rystad Energy’s senior oil market analyst Louise Dickson, who made the comment in a statement sent to Continue Reading
COMMODITIES Aluminium hits record top; oil, wheat at multi-year highs on supply woes
Commodity markets extended their bull runs on Thursday, with aluminum, coal, and palm oil all hitting new records while crude oil and wheat scaled multi-year highs as Russia’s invasion of Continue Reading
Explainer: Why $100 oil could hurt the energy transition more than it helps
The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the global Continue Reading
Oil futures: Brent surges to new seven-year high as sanctions touch Russian oil
OPEC+ to meet March 2, eyes no change to policy UK bans Russian-owned oil tankers, refiners shifting from Urals IEA release of 60 million barrels from SPRs 0812 GMT: Crude Continue Reading
Oil markets hit multiple milestones after Russia sanctions
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporters Russia sows confusion and panic among global crude Continue Reading