Economics/Statistics
News
November 16, 2021
The tightness in global oil markets that propelled prices to a seven-year high is starting to ease as production recovers in the U.S. and elsewhere, the International Energy Agency said.
News
November 15, 2021
Oil reversed losses to close slightly higher after another day passed without an announcement from the Biden Administration to tap U.S. crude reserves.
News
November 15, 2021
As U.S. President Joe Biden weighs alternatives to lower fuel prices, one move that could bring immediate relief at the pumps is sparking debate: adjusting the Bush-era renewable fuel mandate.
News
November 15, 2021
Russia says there is no shortage of oil in the global market and there may even be a surplus from early next year, adding to the chorus of other OPEC+ members to push back against calls from the U.S. to raise output faster.
News
November 15, 2021
Royal Dutch Shell Plc announced a major overhaul of its legal and tax structure that will see the company walk away from the Netherlands amid deteriorating relations with what’s been its home country for a century.
News
November 15, 2021
Saudi Arabia and the United Arab Emirates signaled OPEC+ will continue raising oil output cautiously and won’t bow to U.S. pressure to pump faster.
News
November 12, 2021
U.S. retail gasoline prices are poised to average more than $4 a gallon in three states for the first time in 13 years as energy prices surge and fan fears of inflation.
News
November 12, 2021
The indecision had dragged out any real action from the administration as gasoline prices have soared to seven-year highs. It also underscores how the pressure to tamp down inflation has pitted the Biden administration’s own policies on energy, free trade and climate change against each other.
News
November 12, 2021
With the world gripped by high energy costs and soaring inflation, oil options that would profit a buyer from Brent crude hitting $250 a barrel are changing hands.
News
November 11, 2021
OPEC+ is focused on ensuring a steady supply of crude to global markets and isn’t targeting a specific price, Iraqi Oil Minister Ihsan Abdul Jabbar said Thursday.
News
November 10, 2021
President Joe Biden faces growing pressure from fellow Democrats to address rising gasoline prices with measures such as a ban on oil exports, a move that could upend global markets, discourage shale drilling and end up not helping American drivers that much.
News
November 10, 2021
Oil slid after a U.S. government report showed a surprise increase in domestic crude stockpiles.
News
November 10, 2021
“We have pretty significant positions in emerging basins in Guyana and Argentina and we’re looking at farm-down opportunities there,” Chief Executive Officer Rahul Dhir said in an interview in Dubai.
News
November 09, 2021
Railroad Commission of Texas Chairman Wayne Christian passed a resolution urging President Joe Biden and the U.S. Congress not to include anti-oil and -gas policies in the congressional reconciliation bill known as the "Build Back Better" act.
News
November 09, 2021
The head of Vitol Group, the world’s biggest independent oil trader, said global demand has recovered to 2019 pre-pandemic levels and is poised to go even higher early next year.
News
November 09, 2021
Oil jumped on speculation that the Biden administration may pull the plug on any plans to release crude from the nation’s emergency reserves after a U.S. energy report showed supplies rising next year.
News
November 09, 2021
The U.S. government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves.
News
November 08, 2021
Oil and gas producer Occidental Petroleum Corp.’s move to hedge its output has been a roller coaster over the past two years.
News
November 08, 2021
Americans should have enough natural gas to keep homes warm and factories running, avoiding the kind of shortages that are crippling Europe and Asia, even if the coming winter gets particularly cold.
News
November 08, 2021
The United Arab Emirates said oil prices would be even higher today if it wasn’t for OPEC+, signaling the group will continue resisting U.S. pressure to pump faster.
News
November 05, 2021
A potential release from the U.S. Strategic Petroleum Reserve intended to bring down gasoline prices may have little effect, oil market participants warn, even as the Biden administration floats the idea as a way to provide immediate relief at the pump.
