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Oil Price

Goldman Sachs Sees Minimal Oil Price Impact from Texas Freeze

Oil prices slid by up to 2 per cent on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a…

Crude Oil

Oil Drops as Investors Gauge Big Chill Impact on US Refineries

US West Texas Intermediate crude fell 2% to $59.3 a barrel on Friday.

Energy Security

Extreme Weather Conditions Harm RWE’s Renewables Electricity Generation in the US State of Texas

Operations teams focus on resuming production at RWE’s affected onshore wind turbinesRWE expects significant negative earnings impact in Onshore Wind/Solar seg…

Energy Security

Texas to Raise Energy Prices and Suspend Price Cap Amid Winter Storm

The Electric Reliability Council of Texas has announced sweeping changes to the state’s energy pricing structure amid the ongoing winter storm, including highe…

Oil & Gas Trade

China Is Fueling The Global Crude Oil Demand Recovery

The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year, helping to support …

Crude Oil

Oil Prices Jump Above $61 On Major Crude Draw

Crude oil prices jumped higher after the Energy Information Administration reported crude oil inventories in the U.S. had shed 7.3 million barrels in the week t…

Crude Oil

India Urges OPEC+ to Ease Production Cuts

"The price-sensitive Indian consumers are affected by rising petroleum product prices," Pradhan said ahead of a March 4 policy-setting meeting of the Organizati…

Oil Price

Oil Falls Again as Opec and IEA Caution Ends Rally

Brent crude was down 0.8% at $60.67 a barrel on Friday

Thermal Coal

China's Benchmark Power Coal Price Edges up

China's benchmark power coal price rose during the past week.

Crude Oil

Saudi Arabia Raises Oil Prices To U.S. And Europe

The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while leav…

OPEC

Oil Prices Rally As OPEC+ Maintains Its Production Policy

The Joint Ministerial Monitoring Committee of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time and, as widely expected, did not make…

Crude Oil

OPEC+ Now Sees Weaker Oil Demand Growth For 2021

OPEC+ expects global oil demand to rise by 5.6 million barrels per day this year—lower estimated growth than OPEC’s assessment of 5.9-million-bpd demand incre…

United Kingdom

BP Profit Sinks As Epidemic Pummels Demand

On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…

Solar Power Panel

Japan's Panasonic to Scrap Solar Cell Production

Electronics giant Panasonic Corp. has decided to scrap its unprofitable solar cell manufacturing operations amid ever-increasing price competition.

Oil Price

OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices

The Organization of Petroleum Exporting Countries withheld some 1.3 billion barrels of oil supply last year to keep prices from falling even further, the secret…