US considers releasing emergency oil reserves to bring down fuel prices. US energy secretary Jennifer Granholm is considering releasing crude oil from the government’s strategic…
Commodities
Oil could top $100 per barrel in winter
Oil could top $100 per barrel if winter is colder than expected, that’s according to a note from Bank of America to its clients. Bank…
U.S. Supply Concerns Are Pushing Oil Prices Higher
Oil is moving higher on concerns Hurricane Ida damage to those regions affected has yet to be resolved. Although it has been more than two…
Bigger Than Expected Crude Oil Draw in the U.S. Helps Oil Prices
Brent crude oil futures rose 69 cents, or 0.9%, to settle at $74.12 a barrel Global crude supplies might still increase after the OPEC+ negotiations…
#GasShortage2021 Is showcasing America At Its worst
How it started…How it’s going…#GasShortage2021 pic.twitter.com/Gr4ofdgcUa — Cassi Mitchell Smith (@G88Gassi) May 12, 2021 Biden is to blame… blah blah blah#GasShortage2021 Look at this nonsense…
Crude oil prices dropped after a surge in the US gasoline inventories
Crude oil prices dropped after the official unexpected surge in the US gasoline inventories, raising concerns over waning demand. Brent crude fell by $0.36, or…
High prices will prompt OPEC+ to step up its production
High prices will prompt OPEC+ to step up its production by 500 kb/d, while at the same time withdrawing Saudi Arabia’s additional production cut.” –Eugen…
Crude oil hits 8% weekly gain and an 11-month High
Crude oil soars on Saudi production cut announcement. this comes as OPEC is expected to discuss production cuts for February. OPEC+ is responsible for 60…
Oil Prices Continue to Climb after Large Crude Draw
Oil Prices Continue Climb On Large Crude Draw. The American Petroleum Institute (API) on Tuesday reported a decrease of 4.785 million barrels of crude oil…
U.S. oil inventory draw pushes crude prices up 2%
Crude Oil prices rose 2% on Wednesday, boosted by draws from the U.S. inventories of crude, gasoline, and distillates. that, in turn, lifted investors’ optimism…
Norway To End Oil Production Cuts / Plans to Open More Arctic Areas to Oil Sector
Norway To End Oil Production Cuts On December 31st. Norway oil output curbs to expire at year-end, energy ministry says. The Opec +1 group is…
China’s crude oil imports fall
China’s crude oil imports fall as heavy crude oil buying fades. China’s crude oil imports fell 12.2 percent in October from the previous month as…
Oil Crude Investors fear the rise in COVID-19 infections could threaten U.S economic rebound
Investors fear continued rise in COVID-19 infections threatens U.S economic rebound Crude was boosted earlier in the week as stocks extended gains during the last…
Crude futures dive as UK enters lockdown, U.S election grips markets
Oil prices slump 4% over new COVID 19 lockdowns In Europe & US elections