Oil and Gas Prices
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.
News
February 24, 2022
Oil surged above $105 a barrel for the first time since 2014 after Russia attacked sites across Ukraine, triggering fears of a disruption to energy exports at a time of already tight supplies.
News
February 22, 2022
Several key OPEC+ members see no need to accelerate output increases even as oil heads toward $100 a barrel amid worsening tension over Ukraine.
News
February 22, 2022
Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized.
News
February 21, 2022
Oil prices could be set for a “prolonged period” above $100 a barrel over the next six to nine months, with the world setting fresh demand records this year, said Vitol Group Chief Executive Officer Russell Hardy.
News
February 18, 2022
Oil posted its first weekly loss in two months as traders weighed heightened geopolitical tensions over Ukraine against the potential for Iranian barrels to be added to the market.
News
February 14, 2022
Oil jumped as simmering geopolitical tensions between Russia and Ukraine kept the market on edge and volatility high.
News
February 14, 2022
OPEC is focused on keeping the oil market well-supplied, even as the group continues to grapple with underinvestment, according to its top official.
News
February 14, 2022
Oil importers are racing to assess the risk of purchasing Russian supplies as tensions over Ukraine enter a potentially decisive week.
News
February 11, 2022
BP Plc, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. and Chevron Corp. just generated the highest free cash flow since the start of 2008.
News
February 10, 2022
U.S. President Joe Biden and Saudi Arabia’s King Salman spoke on Wednesday about stabilizing energy prices, the status of the Iranian nuclear talks and the war in Yemen.
News
February 09, 2022
The U.S. oil market is flashing ever more signs of tightness and supplies can barely keep up with a scorching surge in fuel demand.
News
February 06, 2022
Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel.
News
February 03, 2022
Oil shot across $90 for the first time since 2014 as winter weather in the U.S. threatened to shut in some production while geopolitical tensions continued to keep investors on edge.
News
February 03, 2022
Shell Plc expanded its share buybacks after reporting profit that blew past analyst estimates on the back of surging energy prices.
News
February 02, 2022
Further escalation in U.S.-Russia tensions over Ukraine could send oil prices to $100 a barrel as the rift between the two oil-producing world powers would widen.
News
February 02, 2022
OPEC and its allies agreed to make another modest output increase in March, sticking to their plan even as the failure of several members to deliver the scheduled monthly supply hikes stokes a rally in crude prices.
News
February 01, 2022
WTI futures closed above $88 a barrel on Tuesday. Most analysts expect expect OPEC+ to maintain modest supply increases, but Goldman Sachs warned the recent price surge could mean the group will deliver more than expected.
News
January 31, 2022
The structure of the global Brent crude benchmark -- price spreads from one month to the next -- is the most bullish in eight years, as supply grows increasingly tight. At the same time, money managers lifted their wagers on comparable U.S. contracts by the most since late-2017 in the week to Jan. 25.
News
January 31, 2022
Oil had its biggest January gain in at least 30 years as robust demand outpaced fresh supply.
News
January 28, 2022
Triple-digit oil prices are possible in the next few months as geopolitical risks and “struggling” supply hit global crude markets, said Chevron Corp.’s top executive.
