Rice

Crude Oil

Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion

Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its mos…

Crude Oil

Mercuria Sees Opec+ Control Keeping Crude Around $70/bl

Crude prices are likely to stay at about $70/bl "for a while", as Opec+ will use some of its spare capacity and boost production if prices top $75/bl in order t…

Coal Trade

South Korean Coal Imports Drop in May

Competitive gas prices and coal-fired plant restrictions trimmed South Korean thermal coal imports on the year in May, although receipts from Australia are at a…

Oil Price

Oil Steadies After Hitting 2-yr High as Demand Hopes Face Supply Growth

Oil prices ended mostly unchanged on Monday, after hitting their highest levels in more than two years, as growing U.S. crude production and Britain's delayed C…

Oil & Gas Trade

Oil to Trade Between $68 and $75 in Second half of 2021 Amid Rising Demand, Iraq Minister Says

Crude prices have increased due to supportive Opec+ policies and growing demand as economies reopen

Oil Price

Oil Extends Advance Above $70 Amid Improving Demand Outlook

Oil extended gains above $70 a barrel after an industry report pointed to another draw in U.S. crude stockpiles, reinforcing optimism around the demand recovery…

Video: Expect a Big Rebound in Global Energy Demand in 2021

Oil prices have broken through $50 a barrel for the first time since February, and Big Oil stocks have seen a bounce with Exxon up 44% from its year low and Che…

Crude Oil

Oil Extends Gains, Trading Above $70 on Upbeat Outlook​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

Prices are expected to be elevated in the coming months as economies recover from Covid-19 pandemic, analysts say

Energy Investment

IEA’s Energy Investment Report Shows Coal is Down But not Out

The International Energy Agency’s latest report reveals that while renewables dominate new power investment, and approvals for coal-fired plants are 80% below …

Crude Oil

Nigeria’s Oil Revenues Slump 98% In April

Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price of gasoline.

Oil Price

New Iran Nuclear Deal May Completely Derail Oil Price Rally

The U.S. has agreed to a tentative removal of key sanctions in the oil, gas, petrochemicals and automotive sectors, plus some of those on Iran’s banking sector…

Oil Price

Oil Prices Stay Firm As Demand to Outstrip Supply in H2

Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to…

Oil Price

US Pump Prices Become Pressure Point for Biden

Rising gasoline prices heading into the summer are emerging as a political liability for President Joe Biden, as critics try to direct voter frustration about p…

Oil Price

Oil Prices Rise on Potential Hitch in Iran Talks

Oil prices rose on Monday as a demand bump fueled by COVID-19 vaccination drives gave traders optimism that the market can absorb any Iranian oil that would com…

Market Analysis

Oil Markets Set for Recalibration as US and Iran Attempt to Restore Nuclear Deal

Commodities prices are expected to keep rising, even if Iranian supply returns, Saxo Bank's head of commodity strategy says