Oil and Gas Prices
News
March 29, 2022
Saudi Arabia and the United Arab Emirates said the U.S. must trust OPEC+’s strategy, as Washington and other major importers call on the group to hike oil production following Russia’s invasion of Ukraine.
News
March 29, 2022
Saudi Arabia, the largest oil exporter, will likely boost pricing of its main crude variety to a record as the impact of Russia’s invasion of Ukraine reverberates through markets more than a month after the assault.
News
March 25, 2022
The U.S. and other major economies discussed oil supply and the potential for another round of releases, raising the prospect of new government intervention to ease supply strains.
News
March 24, 2022
Activity in the oil and gas sector accelerated during first-quarter 2022, according to oil and gas executives responding to the Dallas Fed Energy Survey, which is punctuated with a number of record highs.
News
March 18, 2022
Soaring oil prices are padding the fortunes of U.S. shale and gas tycoons, even vaulting one into the ranks of the world’s 500 richest people for the first time.
News
March 17, 2022
Commodities trader Pierre Andurand sees a path for crude oil to get to $200 by the end of the year as historically tight markets struggle to ramp up production and replace lost supply from Russia.
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.
