December 9, 2022
Via: DailyFXBRENT CRUDE OIL FUNDAMENTAL BACKDROP Brent crude oil remains under pressure despite trading marginally higher this Friday. Crude oil fundamentals including both API and EIA weekly crude inventory numbers showing bigger declines than expected have not been enough to overcome […]
December 8, 2022
Via: NBC NewsGasoline prices are now cheaper across the U.S. than they were a year ago, and the price per gallon could fall below $3 for most Americans by the end of the year. According to AAA, the national average for a […]
December 5, 2022
Via: ABC NewsOil prices rose Monday as the first strong measures to limit Russia’s oil profits over the war in Ukraine took effect, bringing with them uncertainty about how much crude could be lost to the global economy through the new sanctions […]
November 28, 2022
Via: Investing.comOil prices fell to near their lowest levels this year on Monday as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer, stoked concern about the outlook for fuel demand. Brent crude dropped $2.66, or 3.1%, […]
November 17, 2022
Via: DailyFXBRENT CRUDE OIL FUNDAMENTAL BACKDROP Brent crude oil prices are trading relatively flat this morning as the rumors around Russian missiles striking Poland is quickly dissipating. The consequence of such actions would have severely disrupted the supply-side should NATO nations […]
November 16, 2022
Via: DailyFXCrude oil has had a whippy week so far with industry reports, data and geopolitics all impacting prices. Earlier in the week, the Organization of Petroleum Exporting Countries (OPEC) cut their demand forecast for the fourth quarter again. They also […]
November 2, 2022
Via: DailyFXDecember WTI crude oil futures continue to coil up, with the swings becoming increasingly smaller since the end of August. This signals that while oil has been broadly directionless that is about to change. To start October oil posted a […]
October 28, 2022
Via: ABC NewsOil companies brought in record profits once again as people worldwide struggled with high gasoline and energy prices. Exxon Mobil broke records with its profits in the third quarter, raking in $19.66 billion in net income. The Irving, Texas company […]
October 28, 2022
Via: DailyFXThe price of oil trades back above the 50-Day SMA ($86.68) after defending the monthly low ($80.87), and crude may continue to retrace the decline from the monthly high ($93.48) as it breaks out of a bull-flag formation. OIL PRICE […]
October 26, 2022
Via: DailyFXDecember WTI crude oil futures posted a monster week a couple of weeks back that kicked off the notion that we had seen the worst of oil’s decline off the late-spring highs. Within the context of a longer-term uptrend the […]
October 18, 2022
Via: Investing.comOil prices were stable on Tuesday as the market balanced cuts to OPEC+ production quotas against fears of economic slowdown and lower Chinese fuel demand. Brent crude futures eased by 7 cents, or 0.08%, to $91.55 a barrel by 1127 […]
October 17, 2022
Via: DailyFXBRENT CRUDE OIL FUNDAMENTAL BACKDROP Brent crude oil opened the week marginally lower after demand side fears continue to overwhelm forecasts despite the recent OPEC+ supply cut announcement. The macro environment has slipped into further turmoil with the eurozone entering […]
October 4, 2022
Via: Sky NewsThere is a mounting risk that fuel prices could soon begin to rise again as major oil-producing countries ponder a big cut in output. The Opec+ cartel, which includes Saudi Arabia and Russia among its main members, is expected by […]
September 26, 2022
Via: Markets InsiderGermany signed a natural gas deal with the United Arab Emirates on Sunday, as the European country scrambles to find alternatives to cut-off Russian energy imports before winter kicks in. Under the deal, German utility giant RWE will get liquefied […]
September 14, 2022
Via: ABC NewsA top European Union official unveiled a plan Wednesday to cap the revenue of electricity producers that are making extraordinary profits because of the effects of Russia’s war in Ukraine and climate change, saying the proposal could raise $140 billion […]
September 12, 2022
Via: Investing.comThe Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost […]
September 7, 2022
Via: Markets InsiderFirst, as you may have heard, Russia cut the tap indefinitely for Nord Stream 1 pipeline gas flows. Russian President Vladimir Putin today blamed Germany and Western sanctions for the halt in operations, but said that gas flows could restart […]
September 7, 2022
Via: ABC NewsEurope is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession. The primary cause: Russia has choked off the supplies of cheap natural gas that the continent depended on for years […]
September 7, 2022
Via: ABC NewsAsian benchmarks mostly rose Thursday, as investor optimism got a perk from a rally on Wall Street that’s on track to break a three-week losing streak. Japan’s benchmark Nikkei 225 surged nearly 2.0% in morning trading to 27,964.16. Australia’s S&P/ASX […]
September 6, 2022
Via: ABC NewsRussia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in […]