Oil eased from a seven-year high as traders waited to see whether OPEC+ can deliver on its latest promised increase in supply. West Texas Intermediate edged lower after almost striking Continue Reading
Stocks of oil in some of the world’s top economies have fallen to their lowest levels in almost a decade and a drive to refill them could nudge oil toward Continue Reading
OPEC+ sticks to 400,000 bpd target of monthly increases Weak U.S. data raises risk of employment decline U.S. crude, distillate stocks fall, gasoline builds – EIA Parts of U.S. brace Continue Reading
NYMEX Henry Hub March jumps 75 cents to $5.50/MMBtu West Texas lows to remain below freezing through Feb. 5 The NYMEX Henry Hub prompt-month contract spiked Feb. 2 ahead of Continue Reading
Oil prices climbed on Wednesday toward last week’s seven-year highs as a draw in U.S. crude stocks confirmed strong demand and tight supplies, but investors remained cautious ahead of an Continue Reading
Oil steadied ahead of an OPEC+ meeting that may endorse another modest lift in output, with traders speculating that the actual increase delivered by members could again fall short of Continue Reading
Robust and persistent demand, coupled with stagnant supply, has crude off to a raging start in 2022. Oil had its biggest January gain in at least 30 years as robust Continue Reading
Oil markets opened the week higher and were heading for the biggest January gain in at least 30 years as robust demand outpaced fresh supply. The global crude benchmark rose Continue Reading
Brent hit $90 per barrel last week and plenty of banks and oil majors now believe we will see $100 oil this year. If oil does continue to climb, demand Continue Reading
With Brent oil prices having surged to around $90 per barrel, OPEC and its allies may announce a bigger-than-expected rise in output, according to Goldman Sachs Group Inc. The outcome Continue Reading
