Oil and Gas Prices
Article
February 2022
U.S. oil production decreased mildly during 2021. A surge in gas prices during 2021 was influenced by increased demand despite Omicron and geopolitical unrest in Europe.
News
February 14, 2022
Oil jumped as simmering geopolitical tensions between Russia and Ukraine kept the market on edge and volatility high.
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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.
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February 14, 2022
Oil importers are racing to assess the risk of purchasing Russian supplies as tensions over Ukraine enter a potentially decisive week.
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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.
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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.
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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.
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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.
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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.
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February 03, 2022
Shell Plc expanded its share buybacks after reporting profit that blew past analyst estimates on the back of surging energy prices.
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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.
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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.
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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.
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January 31, 2022
Oil had its biggest January gain in at least 30 years as robust demand outpaced fresh supply.
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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.
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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.
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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.
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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.
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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.
