Ad
Resource-poor Japan, a major importer of crude oil and natural gas, is increasingly concerned that the rally in oil prices would slow the global economic recovery, a senior government official told the head of the International Energy Agency (IEA) this week. Hikariko Ono, Director General of Economic Affairs Bureau at the Ministry of Foreign Affairs…
November 11, 2021
...OPEC+ will be very happy with where oil prices currently are and is unlikely to change its course anytime soon ...The U.S. does have the ability to increase production, but U.S. shale does not have ...support from either the government or shareholders to boost production significantly ...The two bearish variables that could drag prices down…
November 9, 2021
The Brent crude benchmark will hit $120 per barrel by the end of June 2022, Bank of America said in a research note this week, cited by Bloomberg. The catalyst for BofA’s increased price forecast is the current global energy crisis that has seen prices for crude oil, coal, natural gas, and LNG skyrocket as…
November 3, 2021
...There is still plenty of upside for oil prices from here as demand is on course to outstrip supply throughout the rest of the year ...Plenty of analysts are now preparing for $100 oil, with demand destruction unlikely to occur at current prices ...Despite the inflationary impact of rising oil prices, it is unlikely that…
November 2, 2021
...The OPEC+ group now expects the oil market to show a deficit of just 300,000 barrels per day (bpd) in the fourth quarter ...The lower expected deficit would justify the continued cautious approach of the group in adding supply to the market The OPEC+ group now expects the oil market to show a deficit of…
October 29, 2021
...While oil and gas companies come under pressure to reduce production, the world’s thirst for new supply is only growing ...Without a significant uptick in investment, demand for oil and gas will surpass supply in the not-so-distant future ...This disconnect between the political desire for less fossil fuels and the global hunger for fossil fuels…
October 27, 2021
Back in April 2020, the landlocked West Texas Intermediate crude oil price briefly crashed into negative territory - a stunning turn of events that cost traders massive losses - when the spot oil market found itself with an unprecedented glut as there was literally too much oil to be stored, and as such those traders…
October 22, 2021
...The key trigger of the price retreat early on Wednesday came from China, where the National Development and Reform Commission (NDRC) said that the government was considering an intervention to reduce the price of coal ...The possible Chinese intervention sent the key Chinese coal futures plunging early on Wednesda ...A Chinese intervention to bring coal…
October 20, 2021
...The Biden administration is not giving up on its attempts to convince OPEC that it needs to pump more oil ...White House Press Secretary Psaki: ''We'll continue to use every lever at our disposal'' The Biden administration is not giving up on its attempts to convince OPEC that it needs to pump more oil as…
October 19, 2021
Advert
Ad
Resource-poor Japan, a major importer of crude oil and natural gas, is increasingly concerned that the rally in oil prices would slow the global economic recovery, a senior government official told the head of the International Energy Agency (IEA) this week. Hikariko Ono, Director General of Economic Affairs Bureau at the Ministry of Foreign Affairs…
November 11, 2021
...OPEC+ will be very happy with where oil prices currently are and is unlikely to change its course anytime soon ...The U.S. does have the ability to increase production, but U.S. shale does not have ...support from either the government or shareholders to boost production significantly ...The two bearish variables that could drag prices down…
November 9, 2021
The Brent crude benchmark will hit $120 per barrel by the end of June 2022, Bank of America said in a research note this week, cited by Bloomberg. The catalyst for BofA’s increased price forecast is the current global energy crisis that has seen prices for crude oil, coal, natural gas, and LNG skyrocket as…
November 3, 2021
...There is still plenty of upside for oil prices from here as demand is on course to outstrip supply throughout the rest of the year ...Plenty of analysts are now preparing for $100 oil, with demand destruction unlikely to occur at current prices ...Despite the inflationary impact of rising oil prices, it is unlikely that…
November 2, 2021
...The OPEC+ group now expects the oil market to show a deficit of just 300,000 barrels per day (bpd) in the fourth quarter ...The lower expected deficit would justify the continued cautious approach of the group in adding supply to the market The OPEC+ group now expects the oil market to show a deficit of…
October 29, 2021
...While oil and gas companies come under pressure to reduce production, the world’s thirst for new supply is only growing ...Without a significant uptick in investment, demand for oil and gas will surpass supply in the not-so-distant future ...This disconnect between the political desire for less fossil fuels and the global hunger for fossil fuels…
October 27, 2021
Back in April 2020, the landlocked West Texas Intermediate crude oil price briefly crashed into negative territory - a stunning turn of events that cost traders massive losses - when the spot oil market found itself with an unprecedented glut as there was literally too much oil to be stored, and as such those traders…
October 22, 2021
...The key trigger of the price retreat early on Wednesday came from China, where the National Development and Reform Commission (NDRC) said that the government was considering an intervention to reduce the price of coal ...The possible Chinese intervention sent the key Chinese coal futures plunging early on Wednesda ...A Chinese intervention to bring coal…
October 20, 2021
...The Biden administration is not giving up on its attempts to convince OPEC that it needs to pump more oil ...White House Press Secretary Psaki: ''We'll continue to use every lever at our disposal'' The Biden administration is not giving up on its attempts to convince OPEC that it needs to pump more oil as…
October 19, 2021
