(Bloomberg) – Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts as bigger-than-expected oil output from shale fields helped cushion the blow from weakening crude prices.
Exxon rose as much as 1.6% in New York and Chevron climbed …
Goldman Sachs expects increased returns on commodities over the next 12 months, buoyed by higher spot prices amid easing monetary policy and recession fears while the asset class also strengthens on hedging against geopolitical supply risks.
The bank has …
(Bloomberg) – Russia’s oil firms are setting a record pace in their drilling this year, even as the country has agreed with OPEC+ to make longer production cuts. Rigs drilled 14.7 thousand kilometers of production wells in Russia …
U.S. natural gas futures slid about 2% on forecasts of less demand this week and less hot weather over the next two weeks than previously expected. Even though the weather will be less hot than previously forecast, it …
Russia forecasts its average export gas price will more than double this year to $730 per 1,000 cubic meters before gradually falling until the end of 2025, as pipeline gas exports decrease, an economy ministry forecast seen by Reuters …
March 2 – Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia’s invasion of Ukraine, leaving smaller producers to lead output gains during the highest prices in seven years.
Oil …
Jan 3 – U.S. natural gas futures started the new year down over 2% on Monday on forecasts for less demand next week than previously expected and a drop in global gas prices from record highs.
In the last …
LONDON (Bloomberg) –Oil forecasters have parted company on their views about demand in the coming months, as the omicron variant of the Covid-19 virus spreads rapidly around the world. And producers have emerged as the surprising bulls in …
