Oil and Gas Prices
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.
News
January 27, 2022
U.S. natural gas futures suddenly spiked the most on record Thursday afternoon, a dramatic move that signaled bearish wagers being squeezed out of the market.
News
January 26, 2022
Brent oil surged above $90 for the first time in seven years as investor appetite for risk assets returned and the market fretted over Russia-Ukraine tensions.
News
January 26, 2022
Whether it’s speculators, traders hedging their barrels in storage tanks or U.S. producers, some of the biggest drivers of bearish price movements have all retreated in recent months.
News
January 26, 2022
OPEC and its allies are expected by delegates to stick to their plan and ratify another modest production increase next week as they try to satisfy rebounding oil demand.
News
January 25, 2022
The Iranian nuclear talks could hardly be more critical for oil traders. Crude prices have surged 10% this year to around $85 a barrel, with many analysts predicting it’s only a matter of time before they hit triple digits for the first time in eight years.
News
January 21, 2022
Last year’s blistering rally in natural gas and oil prices pushed mergers and acquisitions in the sector to a three-year high with no slowdown in sight, according to consultant Rystad Energy AS.
News
January 21, 2022
The bank expects stockpiles to slide even lower by the end of the year, after falling substantially in 2021, according to a research note to clients. Spare supply capacity will shrink to 2 million barrels a day from the current 3.4 million.
News
January 19, 2022
OPEC and its allies are increasing oil production but can’t solve all the sector’s issues alone, the United Arab Emirates’ energy minister said.
News
January 19, 2022
Surging demand, fading omicron fears, and OPEC+’s inability to ramp up output have underpinned an eye-watering rally in oil prices.
News
January 18, 2022
“We continue to work with producer and consumer countries, and these steps have had real effects on prices and ultimately tools continue to remain on the table for us to address prices,” President Biden's National Security Council spokeswoman Emily Horne said in a statement on Tuesday.
News
January 17, 2022
The jet fuel market is soaring in Europe as global air traffic withstands the impact of the omicron virus strain.
News
January 17, 2022
Brent oil traded near the highest intraday level since 2014 as the market tightened and concerns about the impact of omicron eased.
News
January 14, 2022
Russia has nothing to do with the energy crisis in Europe, Deputy Prime Minister Alexander Novak said, rejecting allegations from the International Energy Agency that it’s holding back supplies and driving up prices of natural gas.
News
January 14, 2022
The world’s biggest independent oil trader said crude prices, already up more than 10% this year, could rise even more because of tight supplies.
