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Oil price
Crude Oil
Barclays Lifts Brent Oil Price Forecast To $80 In 2022
Brent Crude prices are set to average $80 a barrel in 2022, Barclays said on Tuesday, raising its forecast by $3 as it expects slower supply growth next year an…
Oil Price
Global Oil Prices Retreat in Face of Supply and Demand Pressures
Brent crude was down 56 cents, or 0.7%, at $78.33 a barrel at 1157 GMT and U.S. West Texas Intermediate crude fell 54 cents, or 0.7%, to $75.40.
Oil Price
Japan PM Confirms Oil Reserves May Be Released to Curb Prices
Japan is considering releasing oil from its reserves for the first time to curb surging oil prices.
Crude Oil
EIA Sees Brent Oil Price Falling To Average $72 In 2022
EIA: Crude oil prices are set to decline next year from the current levels of around $80
Crude Oil
Japan to Subsidise Refiners to Ease Oil Price Impact
Japan is planning to give subsidies to the country's refiners for the first time to offset the impact of surging oil prices on domestic oil product values.
Carbon Pricing
As Climate Change Policy Takes Shape, will the U.S. Ever Put a Price on Carbon?
Oil prices are high and the government is considering tapping the Strategic Petroleum Reserve to ease energy inflation felt by consumers.
Natural Gas
Russia: Belarus Didn’t Coordinate With Moscow Threat To Halt Gas To Europe
The threat of Belarusian leader Alexander Lukashenko to cut off transit gas supply from Russia to Europe has not been coordinated with Moscow.
Oil Price
Oil Prices Plunge into Close, Roiled by Inflation Fears
Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration was looking for ways to reduce energy costs …
Oil Price
Opec+ Production Shortfall Widened in October
The Opec+ coalition added 230,000 b/d to collective crude output last month, meaning its production shortfall widened to 690,000 b/d at a time when consuming co…
Oil Price
Shale Operators Stay the Course Despite Oil Price Rally
After spending a year heeding investor calls for prudence, independent US shale producers are in no rush to use windfalls from surging oil prices to ramp up out…
Crude Oil
Oil Gains After U.S. Infrastructure Bill Passes, Chinese Exports Rise
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia's state-owned producer Aramco…
Oil Price
Soaring Oil Prices Could Push for Clean Energy Faster
Oil prices have hit over $80 a barrel and a seven-year high, and with economies pushing through pandemic recovery and a good portion of the Northern Hemisphere …
Crude Oil
Biden “Looking at” Tapping Strategic Oil Reserve, Energy Secretary Says
U.S. President Joe Biden “is looking at” a potential release from the Strategic Petroleum Reserve to bring down gasoline prices after OPEC+ rejected his reque…
Crude Oil
Oil Exporters to See Large Surpluses in 2021 and 2022 Amid Higher Crude Prices
Prices are also up because of underinvestment in the sector, which led to tighter supply
Natural Gas
South Korea Cuts Price of Domestic Natural Gas for Hydrogen Production by 25%
South Korea has cut the domestic price of natural gas used to make hydrogen by 25% to help lower hydrogen production costs in a bid to boost hydrogen consumptio…
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