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Oil prices
Crude Oil
Oil Prices Steady and on Course for Biggest Weekly Gain Since Late August
Lingering concerns as to whether the Omicron variant may push border movement restrictions during the festive season
Oil & Gas Trade
U.S. to Sell 18 mln Barrels of Oil from Reserves on Dec 17
The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from the strategic petroleum reserve on Dec. 17, as part of a previous…
Crude Oil
Top U.S. Shale Producer Worries Oil Prices could Run too Hot
Scott Sheffield, the chief executive of top U.S. shale producer Pioneer Natural Resources Co, on Tuesday said he worries oil prices could get too high and furth…
Oil Price
Saudi Arabia Hikes Oil Prices Despite Omicron Fears
Arab Light will next month sell for $0.60 more per barrel than it does this month for buyers in Asia
Oil Price
Goldman Remains Bullish On Oil Despite OPEC+ Decision
Goldman Sachs commodity analysts remain bullish on oil prices despite yesterday’s decision by OPEC+ to add another 400,000 bpd to combined production next mont…
Crude Oil
U.S. May Delay Oil Reserve Release
The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction…
Crude Oil
Saudi Arabia May Raise January Oil Prices to Asia
Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month
Oil Price
Oil Prices Projected To Hit $125 In 2022
In a new report from JP Morgan, analysts are predicting $125 oil next year and $150 oil in 2023
Oil Price
Biden’s Blunder Could Send Oil Prices To $100
Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar
Oil Price
Goldman Says Oil Prices Already Account for a Joint SPR Release
The White House’s push for releases of oil from national reserves is already fully priced into the market following the drop in crude prices in recent weeks
Oil Price
Global Oil Prices Retreat in Face of Supply and Demand Pressures
Brent crude was down 56 cents, or 0.7%, at $78.33 a barrel at 1157 GMT and U.S. West Texas Intermediate crude fell 54 cents, or 0.7%, to $75.40.
Oil Price
Japan PM Confirms Oil Reserves May Be Released to Curb Prices
Japan is considering releasing oil from its reserves for the first time to curb surging oil prices.
Crude Oil
EIA Sees Brent Oil Price Falling To Average $72 In 2022
EIA: Crude oil prices are set to decline next year from the current levels of around $80
Crude Oil
Japan to Subsidise Refiners to Ease Oil Price Impact
Japan is planning to give subsidies to the country's refiners for the first time to offset the impact of surging oil prices on domestic oil product values.
Carbon Pricing
As Climate Change Policy Takes Shape, will the U.S. Ever Put a Price on Carbon?
Oil prices are high and the government is considering tapping the Strategic Petroleum Reserve to ease energy inflation felt by consumers.
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