Oil and Gas Prices
News
March 16, 2022
Russia’s oil output may slump by about a quarter next month, inflicting the biggest supply shock in decades as buyers shun the nation’s exports following its invasion of Ukraine.
News
March 15, 2022
Russia’s invasion of Ukraine threatens to intensify the surge in global inflation, hurting oil demand and investment, the Organization of Petroleum Exporting Countries warned.
News
March 13, 2022
Oil resumed its decline after Iran carried out a missile strike in Iraq following the suspension of nuclear talks, while Russia’s bombardment of Ukraine prompted more calls to sideline the OPEC+ producer.
News
March 10, 2022
Some oil and gas dealmakers are hitting the pause button as prices whipsaw following the ban on Russian oil imports. Companies are concerned about overpaying for assets while focused on cutting debt and rewarding shareholders.
News
March 10, 2022
Moscow’s decision to escalate its eight-year conflict in Ukraine has sparked a global energy crisis, says GlobalData’s MEED.
News
March 08, 2022
Biden said the U.S. will ban imports of Russian fossil fuels including oil, a major escalation of Western efforts to hobble Russia’s economy that will further strain global crude markets.
News
March 08, 2022
Brent crude futures surpassed $132 a barrel while West Texas Intermediate rose to $128. The Biden administration is poised to impose a ban on U.S. imports of Russian energy as soon as Tuesday.
News
March 07, 2022
Global demand for oil was exceeding production by 1 MMbpd before the Russia-Ukraine war, setting the stage for an oil market that could continue to see significant price changes.
News
March 07, 2022
OPEC remains focused on being a reliable supplier of oil to global markets but cannot control the global events causing oil price surges, said Secretary General Mohammad Sanusi Barkindo during the CERAWeek by S&P Global conference Monday.
News
March 07, 2022
Brent crude soared almost 18% to just shy of $140 a barrel at the open in Asia following news over the weekend that the U.S. and its European allies are discussing a possible ban on Russian oil exports.
News
March 04, 2022
Global oil markets could tighten even more with Russian flows being disrupted and producers such as Libya experiencing supply problems, according to Vitol Group.
News
March 04, 2022
We think it’s important to actually quantify the extent to which the U.S. is importing Russian crude and products. Politicians have referred to “Russian oil” as if all imports from that country are strictly crude oil. This is not true.
News
March 04, 2022
Oil posted its biggest weekly gain on record with prices swinging in a $20 range since Russia invaded Ukraine and sparked fears of a major supply crunch.
News
March 03, 2022
California, already paying record prices for motor fuel, is set to shell out even more with the Golden State more exposed to surging oil prices than the rest of the country in the wake of Russia’s invasion of Ukraine.
News
March 03, 2022
Oil fell on signs that high-stakes talks to revive a nuclear deal with Iran may soon conclude, potentially raising supply as traders increasingly shun Russian crude.
News
March 02, 2022
Oil extended its relentless rally above $110 a barrel before an OPEC+ meeting as the severity of disruption to Russian supplies showed signs of growing.
News
March 01, 2022
Oil surged as a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns of a major shortfall in supplies as sanctions mount on Russia.
News
March 01, 2022
Oil soared as the Russian invasion of Ukraine continued to raise the specter of major global supply disruption. Brent sat at $104.54 a barrel and WTI at $102.32 at 10:11 a.m. EST, both an increase of more than $6.
News
February 27, 2022
While oil last week briefly passed $100 a barrel for the first time since 2014, the gains were partly reversed as the U.S. and European nations avoided sanctioning Moscow’s massive energy supplies for punishment.
News
February 25, 2022
The impact of Russia’s invasion of Ukraine rattled global markets. There will be lasting implications for commodities, energy policy and the energy transition.
News
February 24, 2022
Oil pared most of its gains after Biden said the U.S. is working with major consuming nations to coordinate a collective release from strategic petroleum reserves, while continuing to spare Russian supplies from sanctions.
