Oil Price The United States is still planning on replenishing the nation’s crude oil emergency stockpiles when the price of oil goes down, White House energy advisor Amos Hochstein said on Thursday. The White House energy advisor’s comments come as a million barrels of crude oil continue to leave the nation’s Strategic Petroleum Reserves every day—and as OPEC+ prepares
Oil Price Oil prices will rise again to $100 per barrel faster than previously estimated, Morgan Stanley said on Thursday, lifting its price forecast for the first quarter of 2023 to $100 from $95 per barrel. “Brent will find its way to $100 per barrel quicker than we estimated before,” the investment bank said in a note carried by Reuters after
InvestorPlace – Stock Market News, Stock Advice & Trading Tips The Russian invasion o…
CNBC Washington sees OPEC+’s decision to slash oil production by more than 2 million barrels a day as political interference and a “blow” against U.S. President Joe Biden, said Dan Yergin, vice chair of S&P Global. Source: Reuters On Wednesday, the group of some of the world’s most powerful oil producers agreed to impose deep output cuts to shore up crude
OPEC+ issuing a bigger-than-expected cut to oil production is reviving inflation concerns jus…
CNBC Sweden’s national security service on Thursday said a crime scene investigation into the gas leaks from two underwater pipelines connecting Russia to Germany “strengthened the suspicions of gross sabotage.” Sweden’s Security Service said the investigation found there had been detonations at the Nord Stream 1 and 2 pipelines in the Swedish exclusive economic zone, which caused “extensive damage” to the
Investing SINGAPORE -Global oil supply is set to tighten, intensifying concerns over soaring inflation after the OPEC+ group of nations announced its largest supply cut since 2020 ahead of European Union embargoes on Russian energy. The move has widened a diplomatic rift between the Saudi-backed bloc and Western nations, which worry higher energy prices will hurt the fragile global
Nasdaq WASHINGTON – U.S. legislation that could open members of oil producing group OPEC+ to antitrust lawsuits has emerged as a possible tool to tackle high fuel prices, after the body said it would slash production despite lobbying by the Biden administration. The No Oil Producing and Exporting Cartels (NOPEC) bill, which passed a Senate committee 17-4 on May
Yahoo Finance LONDON – Oil prices held near three-week highs on Thursday after OPEC+ agreed to tighten global crude supply with a deal to cut production targets by 2 million barrel per day (bpd), the largest reduction since 2020. Brent crude futures gained 15 cents, or 0.2%, to $93.52 per barrel by 1340 GMT after settling 1.7% up in
Oct. 6 (UPI) — Sweeping new sanctions imposed on Russia, including a price cap on its …
Natural Gas Inventories as of September 30, 2022 The EIA has released its natural gas inventory report, showing a net increase of 129 Bcf as of September 30, 2022. Working gas in storage was 3,106 Bcf as of Friday, September 30, 2022, according to EIA estimates. This represents a net increase of 129 Bcf from the previous week. Stocks were
New York, Oct. 06, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the r…
