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Oil & Gas
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
Oil & Gas
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
Oil & 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
Oil & Gas
LNG Prices Soar To New Record In China
There is one recurring problem with central planning: the greater the level of intervention, the worse and more widespread the unexpected adverse consequences.
Oil & Gas
Opec+ Set to Meet Amid Calls for Lower Prices as Oil Hits Multi-Year Highs
Crude prices have surged in recent months as economies reopen after months of lockdowns
Oil & Gas
Bank of America Expects $120 Oil by June 2022
Bank of America expects Brent crude to hit $120 a barrel by the end of June 2022.
Oil & Gas
Aramco Books 158% Surge In Q3 Net Profit On Higher Oil Prices
Saudi state energy giant Aramco booked a net profit of $30.4 billion for the third quarter of the year, up by 158 percent from the third quarter of 2020 on subs
Oil & Gas
UAE Petrol Prices to Rise in November
Motorists across the Emirates will face a further increase for both petrol and diesel
Oil & Gas
Mideast Gulf Gasoline Premium at More Than Decade High
The Mideast Gulf gasoline premium rallied to a more than ten-year high, on the back of strength in the Asian gasoline market and unplanned refinery outages east
Oil & Gas
Energy Crisis: The Price of Natural Gas in Europe has Plummeted Due to Putin’s Big Announcement
The European Directorate General for Competition has once again started sniffing around Gazprom’s house, looking for signs of possible market manipulation and
Oil & Gas
Oil Prices Set for First Weekly Drop Since August As Supply Concerns Ease
U.S. West Texas Intermediate crude futures fell 4 cents to $82.77 a barrel by 0151 GMT.
Oil & Gas
Oil Falls After Increases in U.S. Crude, Fuel Stockpiles
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in th
Oil & Gas
Global Supply Shortages are Driving up Alaska Oil Prices
Alaska’s oil prices are at their highest since 2014 amid a global energy crunch.
Oil & Gas
Charts Suggest Oil Prices may Peak Soon, Cramer Says
Oil may be near its peak if historical patterns hold true.
Oil & Gas
Brent Oil ‘Scarcity Premium’ Widens as $100 a Barrel Forecast
The scarcity premium embedded in the structure of Brent crude oil futures has widened to the most since 2013 this week, a sign of the tight market underpinning
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