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Energy

Oil Prices Rise As Crude Oil Inventories Build, Products Fall

By Julianne Geiger The American Petroleum Institute (API) has reported a build of 1.586 million barrels in U.S. crude inventories, compared to last week’s large 5.25-million-barrel...

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U.S. Looks To Punish Saudi Arabia For Large OPEC+ Cut

Saudi Arabia’s latest move to cut crude oil production, despite U.S. please not to do so, should not have surprised Washington, and yet...

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Will Oil Prices Head Higher In 2023?

Oil prices have traded below $100 per barrel since the beginning of August. A recession could weigh further on global oil demand, though...

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Analyst: Oil To Hit $120 Again By Winter

While oil and gas prices may continue to weaken in the near term, by the time winter sets in, the market is going to...

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OPEC+ Faces Difficult Meeting Amid Ukraine Crisis

...OPEC+ faces a unique set of challenges as it is set to convene on March 2nd. ...OPEC+ producers are likely to maintain the current policy...

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The IEA Lashes Out At OPEC As A New Oil Price War Looms

...The head of the International Energy Agency has criticized OPEC for failing to do enough with regard to lowering oil prices ...While Biden coordinated a...

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Biden Announces 50 Million Barrels SPR Release To Lower Oil Prices

...US President Joe Biden announced the release of 50 million barrels of crude oil from the Strategic Petroleum Reserve ...Analysts: The SPR release has been...

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