Oil and Gas Prices
News
November 03, 2021
OPEC+ is heading for a politically consequential showdown with President Joe Biden, as Saudi Arabia and its allies must choose whether to heed American demands for more oil.
News
November 03, 2021
Oil fell as the U.S. intensified pressure on OPEC+ to boost supplies when it meets on Thursday, while concerns grew that tighter policy from the Federal Reserve will impede growth.
News
November 02, 2021
Diamondback Energy Inc. just gave one of the first shale production forecasts for next year, and it’s holding pat.
News
November 02, 2021
As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before the Covid-19 pandemic, according to BP Plc.
News
November 01, 2021
Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles.
News
November 01, 2021
OPEC delivered barely half the oil-production increase it had planned for October as African members continued to struggle with output losses.
News
November 01, 2021
A global energy crisis has sent prices for gas and coal soaring around the world, and this has turbocharged the recovery in benchmark London- and New York-traded oil futures, Bank of America Corp. analysts including Francisco Blanch wrote in a note.
News
November 01, 2021
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasoline prices.
News
October 29, 2021
A daily increase of 400,000 barrels in oil output would be enough to meet demand, according to Iraqi Minister Ihsan Abdul Jabbar.
News
October 29, 2021
For the past year, oil consuming countries have become increasingly anxious at crude’s resurgence: first to $50 a barrel, then $75 and now to more than $85. And when Vladimir Putin, one of the leaders of the OPEC+ cartel, warned that $100 a barrel was a distinct possibility, the alarm bells really started ringing.
News
October 29, 2021
The U.S. is talking to other energy-consuming nations about how to press OPEC+ to boost output to address the current supply crunch, a senior U.S. official told reporters in Rome.
News
October 29, 2021
OPEC+ technical experts downgraded their expectations for how tight global oil markets will be this quarter, a week before ministers meet to decide production policy.
News
October 28, 2021
European natural gas and power prices dropped after more signals from President Vladimir Putin that Russia will send extra gas to the continent next month.
News
October 28, 2021
Canadian heavy crude’s price collapsed at the U.S. trading hub of Cushing as refiners shun heavy and higher-sulfur crude for lighter grades that are less expensive to process in refineries.
News
October 28, 2021
Oil fell for a second day as one of the top energy diplomats in the U.S. urged producers to hike output.
News
October 27, 2021
Iran said it had agreed with the European Union to restart big-power talks to revive the 2015 nuclear deal before the end of November and a precise date for the negotiations would be announced in the next week.
News
October 27, 2021
Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated.
News
October 26, 2021
European Union energy ministers are set for another spat over how to cushion consumers and companies from soaring power and natural gas prices, with political and legal constraints leaving little room for immediate action.
News
October 26, 2021
Europe’s energy crisis and a spike in natural gas prices are proving to be a boon for Norway, delivering a flood of revenue for the country that’s already one of the world’s richest.
News
October 25, 2021
The culprit behind the latest jump in oil prices isn’t soaring natural gas prices or even OPEC+’s limits on output but rather what is happening at America’s largest oil storage hub in Oklahoma.
News
October 25, 2021
Natural gas futures soared as forecasts for chilly November weather in the U.S. East heightened concern that supplies will struggle to meet demand this winter.
