• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 5 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 44 mins NordStream2
  • 2 days Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 7 hours Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 7 hours US intel warns China could dominate advanced technologies By NOMAAN MERCHANT October 22, 2021
  • 2 days "The Hidden Story About California's Container Ship Backlog" via Corbett Report
  • 2 days Storage of gas cylinders
Oil Prices Will Remain High For Years To Come

Oil Prices Will Remain High For Years To Come

Massive underinvestment and multi-year supply…

Oil And Gas Stocks Are Popular Once Again

Oil And Gas Stocks Are Popular Once Again

Energy stocks, particularly oil and…

The Dutch Government Is Gambling Billions On Green Hydrogen

The Dutch Government Is Gambling Billions On Green Hydrogen

Hydrogen power has become increasingly…

Editorial Dept

Editorial Dept

More Info

Premium Content

WTI Rallies 10% In Bullish Week For Oil

In spectacular fashion, crude oil traders went from discussing bearish factors such as storage containment issues to celebrating forecasts calling for supply shortages, in less than a week.

U.S. West Texas Intermediate moved higher for a fourth session on Friday, putting it on track for a weekly gain of about 10%, after Saudi Arabia pressed allies to stick to production quotas and banks including Goldman Sachs predicted a supply deficit.

WTI crude oil is set for its strongest weekly performance since early June after Hurricane Sally cut U.S. production and OPEC and its allies laid out steps to address market weakness.

Lower Gulf of Mexico Production and another Tropical Storm Brewing

In the Gulf of Mexico, U.S. offshore drillers and exporters began a “clear-up” on Thursday after Hurricane Sally weakened to a depression and started rebooting idle rigs following their closure for five days.

Meanwhile, a tropical depression in the western part of the Gulf of Mexico could become a hurricane in the next few days, potentially threatening more U.S. facilities.

OPEC+ Leaders Strongly Urge Compliance

The Organization of the Petroleum Exporting Countries (OPEC) and other producers in OPEC+ are currently cutting 7.7 million bpd of output and the group stressed at a meeting on Thursday that it would take action against members not complying with the deal. This news is leading some traders to speculate that OPEC+ will put on hold plans…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News