Oil and Gas Prices
News
October 05, 2021
Oil rose to a new seven-year high after OPEC+ chose to keep supplies fairly tight even as the world grapples with an energy crunch.
News
October 05, 2021
European natural gas and power soared to fresh records amid worsening fears over supply.
News
October 05, 2021
The world is living through the first major energy crisis of the clean-power transition. It won’t be the last.
News
October 04, 2021
Saudi Aramco said the natural-gas crisis was already boosting oil demand and reiterated plans to increase its production capacity.
News
October 04, 2021
OPEC+ agreed to maintain its schedule of gradual monthly oil-production increases, sending crude prices sharply higher.
News
October 01, 2021
The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group.
News
October 01, 2021
The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America.
News
September 30, 2021
China’s central government officials ordered the country’s top state-owned energy companies -- from coal to electricity and oil -- to secure supplies for this winter at all costs, according to people familiar with the matter.
News
September 30, 2021
Oil closed the month almost 10% higher after a tumultuous session where China was said to order its top energy companies to secure supplies at all costs, prompting the White House to reiterate its concern over rising prices.
News
September 28, 2021
OPEC sees oil demand continuing to grow to the middle of next decade, even as world leaders prepare for another attempt to avert catastrophic climate change.
News
September 28, 2021
European energy markets from natural gas to carbon permits jumped to records, signaling the supply shortage will get worse just as the winter season starts.
News
September 28, 2021
Oil’s latest upswing has come with a flurry of bullish price predictions from banks and traders, forecasts for surging demand this winter, and speculation that the industry isn’t investing enough to maintain supplies.
News
September 27, 2021
Oil rallied at the start of the week’s trading on signs that the crude market is tightening amid a global energy crunch, with Brent closing at its highest price in three years.
News
September 24, 2021
Oil held gains near the highest since 2018 amid a global energy crunch that’s set to increase demand for crude, while stockpiles are falling from the U.S. to China.
News
September 23, 2021
Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units in the event of a particularly cold winter.
News
September 22, 2021
Oil may surge to $90 a barrel if the approaching winter in the northern hemisphere proves colder than normal, said Jeff Currie, global head of commodities research at Goldman Sachs Group Inc.
News
September 22, 2021
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a major developer’s debt woes.
News
September 22, 2021
The UK is considering all options to address the energy crisis, but people should prepare for longer-term high prices, Business Secretary Kwasi Kwarteng told a committee of Parliament.
News
September 22, 2021
As the global natural gas crunch hits suppliers and consumers alike, OPEC nations are warning of the knock-on impact for oil markets.
News
September 21, 2021
The U.S. Energy Information Administration reported crude oil inventories in Cushing, Oklahoma, totaled 32.9 million barrels (excluding pipeline fill and stocks in transit by water and rail) in the week ending September 10, which is a 42% decrease since the beginning of the year.
News
September 21, 2021
Oil rose after a two-day decline with a selloff in global equities easing and some crude output still shut three weeks after Hurricane Ida hit the U.S.
