U.S. Natural Gas Prices Climb Most Ever In Single Day
U.S. natural gas futures surged 72% just ahead of expiration of the February contract The huge spike in the February contract is a clear sign that bearish bets were being Continue Reading
Declining U.S. Petroleum Inventories Push Oil Prices Higher
U.S. commercial petroleum stocks have fallen in most of the weeks in the past year and a half. The continuously declining U.S. petroleum stocks over the past year suggest that Continue Reading
Oil Rebounds From Biggest Tumble This Year on Outlook for Demand
Oil rebounded after the biggest one-day tumble this year as traders focused on the still-positive demand outlook as the pandemic eases. West Texas Intermediate climbed toward $84 a barrel after Continue Reading
Oil Opens Week With Jump on Outlook for Stronger Global Demand
Oil pushed higher at the week’s open as investors weighed prospects for rising demand as the omicron virus wave fades in key economies. Global benchmark Brent rose toward $89 a Continue Reading
Inflation Could Push Oil Supply Into The Danger Zone
Rising inflation rates and falling oil supply is creating a dangerous situation for the global economy. Underinvestment, driven by the ESG trend that discouraged more spending on new exploration. If Continue Reading
Biden Desperately Needs To Bring Oil Prices Down
Former energy advisor Bob McNally once said, “Few things terrify an American president more than a spike in fuel [gasoline] prices.” U.S. President Joe Biden is grappling with the task Continue Reading
European Gas Declines Amid Higher Russian Flows, Mild Weather
Natural gas prices in Europe declined as Russia’s shipments increased and weather forecasts pointed to milder temperatures in the region. Orders to send gas through Ukraine via Velke Kapusany, a Continue Reading
Oil Opens Week With Jump on Outlook for Stronger Global Demand
Oil pushed higher at the week’s open as investors weighed prospects for rising demand as the omicron virus wave fades in key economies. Global benchmark Brent rose toward $89 a Continue Reading
Crude oil futures rebound after US advisory on Ukraine
Crude oil futures rebounded in mid-morning trade in Asia Jan. 24 following a US advisory for its citizens to leave Ukraine, and after oil prices closed lower on Jan. 21, Continue Reading
Why Biden Can’t Put A Cap On Oil Prices
Oil prices rose to the highest levels since October 2014 this week. The Biden Administration is once again scrambling for solutions, considering that the high price of gasoline is a Continue Reading