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Oil Price
White House: No Oil Producer Should Hold Back Supply As Oil Hits $90
The White House says as oil hit $90, noting that the U.S. Administration has left “all options on the table” to address high oil and gasoline prices and could…
Oil Price
JPMorgan: Oil Could Easily Hit $120 If Russia-Ukraine Tensions Escalate
JPMorgan is warning that Brent crude could “easily” reach $120 per barrel—if the geopolitical conditions between Russia and Ukraine deteriorate.
Oil Price
TotalEnergies: High Oil Prices Are Here To Stay
TotalEnergies CEO Pouyanné: I've no good news to deliver, oil prices will remain high.
Ofgem’s Boss: “We Need to Update the Price Cap More Frequently”
Ofgem’s Chief Executive Officer Jonathan Brearley has today hinted at more frequent changes in the level of the price cap.
LNG
SSY: LNG Supply and Demand Maintain Volatile Market
Shipbroker Simpson Spence Young (SSY) looks at what’s behind the rise of LNG prices and the impact this has on the LNG shipping market.
Crude Oil
Oil Falls on Positive Signals from U.S.-Iran Talks
Oil prices fell on Monday as signs of a progress in the U.S.-Iran nuclear talks that could lead to removal of U.S. sanctions on Iranian oil sales offset concern…
Coal Price
Europe's Carbon Price Nears the 100 Euro Milestone
The price of permits in the European Union's carbon market closed at a record high above 96 euros on last Friday, with analysts expecting the symbolic 100 euro …
Solar Company
Solar Energy UK Calls for Long-Term Structural Reforms in Response to Price Cap
Solar Energy UK has called for long-term structural reforms to accelerate the growth of renewables in response to the increase in the energy price cap.
Crude Oil
Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges
Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel.
Thermal Plant
Brazil Lowers Thermal Power Price Cap
The Brazilian power sector monitoring committee has lowered the price cap for generation to R600/MWh effective immediately.
Crude Oil
China’s November Base Oil Imports Rise
China's base oil imports rose in November, supported by increased demand for replenishment cargoes at lower prices.
Crude Oil
Ice Brent Crude at $90/bl
Front-month Ice Brent crude futures prices topped $90/bl today for the first time since October 2014.
Crude Oil
U.S. Releases Another 13.4 Million Barrels From SPR
The U.S. administration has approved the release of another 13.4 million barrels of crude from the strategic petroleum reserve in a move first announced last No…
Oil Price
Japan to Subsidize Oil Wholesalers for 1st Time to Curb Fuel Price
Japan's industry minister Koichi Hagiuda said Tuesday the government will implement for the first time its oil industry subsidy program, which is aimed at curbi…
Crude Oil
OPEC’s Shrinking Capacity Could Send Oil Above $100
The oil market is quickly realizing that many OPEC producers may not have the capacity to boost output much further.

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