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Breaking News:

Oil Should Stay In Triple Digits: Analyst


Supply Disruptions Drive Bullish Sentiment In Oil Markets

Jul 01, 2022 at 13:05 | Tom Kool

Bullish sentiment is once again building in oil markets as supply disruptions mount and global oil demand growth continues unabated.

U.S. Rig Count Slips

Jul 01, 2022 at 12:11 | Julianne Geiger

The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count…

OPEC’s Oil Production Drops As Cartel Undershoots Target Again

Jul 01, 2022 at 10:52 | Tsvetana Paraskova

OPEC’s crude oil production fell in June compared to May, due to outages in Libya and Nigeria, and the 10 cartel producers bound by the OPEC+ pact lifted their combined…

Oil Prices Rebound As Crude Supply Tightens

Jul 01, 2022 at 09:57 | Charles Kennedy

Oil prices started the month of July rising by 2% early on Friday, rebounding from Thursday’s losses after Libya declared force majeure on more crude export terminals, adding further concerns…

Libya Declares Force Majeure On Oil Exports

Jul 01, 2022 at 08:10 | Tsvetana Paraskova

Libya’s National Oil Corporation (NOC) declared force majeure on crude exports from its oil terminals amid continued blockades of production and ports, which have severely crippled Libya’s oil exports.…

Supreme Court Kills Climate Rules

Jun 30, 2022 at 13:01 | Leonard Hyman & William Tilles

On June 30, by a six to three vote, the US Supreme Court issued its long awaited ruling for West Virginia vs the Environmental Protection Agency. Lawsuits filed mainly by…

IEA: Global Nuclear Capacity Needs To Double To Meet Net-Zero Goals

Jun 30, 2022 at 11:42 | City A.M

Nuclear power capacity needs to double worldwide over the next three decades to reach net-zero carbon emissions targets to ensure energy independence, argued the International Energy Agency (IEA).…

The U.S. Could Face Rolling Blackouts This Summer

Jun 30, 2022 at 11:40 | Tsvetana Paraskova

Parts of the Western and Midwestern U.S. states are at elevated risk of blackouts this summer as utilities struggle with supply-chain problems and extreme weather events become more…

Natural Gas Prices To Rally As G7 Changes Its Tune On LNG Investment

Jun 30, 2022 at 11:35 | Irina Slav

Two years ago, the French government asked Engie, the power utility major, not to rush into signing an LNG delivery deal with U.S. energy giant NextDecade, with unnamed…

Why $5 Gasoline Won’t Cause A Recession

Jun 30, 2022 at 11:30 | Alex Kimani

After three straight days of gains, crude prices fell on Wednesday and have continued to slide on Thursday's intraday session after a report…

Analysts Hike Oil Price Forecast As Supply Concerns Intensify  

Jun 30, 2022 at 11:20 | Charles Kennedy

Brent prices are expected to average $106.82 a barrel in 2022, the monthly Reuters poll showed on Thursday—and that’s the highest average oil price forecast in the survey so…

EU Imports More U.S. LNG Than Russian Pipeline Gas For The First Time Ever

Jun 30, 2022 at 11:00 | Tsvetana Paraskova

For the first time ever, the European Union has imported in June more liquefied natural gas (LNG) from the United States than gas via pipeline from Russia, as Moscow slashed…

Oil On Course For First Monthly Decline In 8 Months

Jun 30, 2022 at 10:03 | Irina Slav

Oil prices may be heading for their first month of declines since November as fears intensify about the global economy swinging into a recession, in large part because of…

Oil Prices Jump As OPEC+ Confirms 648,000 Bpd Production Hike

Jun 30, 2022 at 08:13 | Julianne Geiger

The OPEC+ meeting ended in a relatively quick fashion on Thursday, agreeing to boost production by 648,000 bpd in August, according to Energy Intel’s Chief OPEC Correspondent, Amena Bakr. The…

China And Saudi Arabia Strengthen Alliance With New Megaproject

Jun 29, 2022 at 11:15 | Simon Watkins

Ever since China gave Saudi Crown Prince Mohammed bin Salman (MbS) the opportunity to save face after his many unsuccessful attempts to float Saudi Aramco in what was…

Has OPEC+ Reached Peak Production Capacity?

Jun 29, 2022 at 10:41 | Tsvetana Paraskova

The production pact OPEC+ struck in April 2020 is set to end a month earlier than initially planned, in August 2022. The oil-producing group, however, is already facing…

The Winners And Losers Of The New Energy World Order

Jun 29, 2022 at 10:18 | Tsvetana Paraskova

The new global order after the Russian invasion of Ukraine is set to create new winners and losers in energy as trade flows are changing.   Russia…

The G7 Has Paved The Way For Increased Oil And Gas Spending

Jun 29, 2022 at 10:14 | Irina Slav

Despite repeated commitments to emission reduction and a switch to cleaner energy sources on the part of governments in Europe and North America, oil investment is about to…

Investors Dump Copper As Demand Stumbles

Jun 29, 2022 at 10:11 | Ag Metal Miner

Copper prices have long been considered a major indicator of global economic health. So when they plunged to 16-month lows on June 23, investors quickly hit the “panic…

China To Subsidize Refiners If Oil Prices Exceed $130

Jun 29, 2022 at 10:10 | Tsvetana Paraskova

China will provide subsidies to its oil refiners if international oil prices jump to over $130 per barrel as the world’s largest crude oil importer looks to ensure fuel supply…

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