Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
It's been a volatile week in oil markets as concerns over Chinese demand pressured prices despite a decline in U.S. crude inventories and wildfires in Canada.Friday,…
Oil prices have been in decline this week despite rising geopolitical risks, with markets seeming to be focused primarily on Joe Biden's decision to drop…
While there is plenty to be bullish about in oil markets today, rising concerns over Chinese demand are weighing on oil prices.Friday, July 19th, 2024The…
India has raised its windfall tax on petroleum crude effective July 16, the government said in a notification on Monday. The windfall tax on petroleum crude was…
Natural gas sales of Russian gas producer and LNG exporter Novatek dropped in the second quarter and first half of this year compared to the…
Russian shipments of oil products dropped by 4.2% in June compared to May, on the back of stronger domestic fuel consumption and unplanned maintenance at…
A tanker that Iran’s Navy seized in the Gulf of Oman last year is currently moving into international waters, Reuters has reported, citing data from…
Strathcona Resources Ltd plans to develop up to US$1.5 billion (C$2 billion) carbon capture projects at its oil sands assets with the public investment vehicle…
The first major hurricane of the year has come and gone without causing any significant supply disruptions, leading oil prices to fall back on Tuesday…
Sentiment in oil markets is undeniably bullish, with WTI and Brent on course to post yet another weekly gain.Friday, July 5th, 2024Whilst market activity was…
Hurricane season is back, and oil markets are on edge as the earliest category 5 hurricane to form at this time of the year moves…
Oil prices have surged over the last three weeks as geopolitical tensions climbed, although concerning economic data in the U.S. could drag prices back down.Friday,…
Oil prices are set to post an impressive gain this month as bullish sentiment has been building and demand concerns fading.- As Brent futures have…
Oil prices surged this week as hurricane season began, demand improved, and both U.S. crude and gasoline inventories fell. Rising geopolitical risk around the world…
Oil prices have bounced back after the last OPEC+ announcement sent them crashing, and the U.S. Federal Reserve could send them higher still with optimistic…
Rystad Energy on Monday projected that global oil supply growth would slow in 2024 and potentially the following year, due to the extension of OPEC+…
Prices at U.S. pumps rose 1 cent from a week ago, pushing pause on gradually declining prices, largely because of price increases in Great Lakes…
Signs that inflation may be easing in the U.S. have given oil markets a bullish hue this week, but uncertainty over demand remains.Friday, June 14,…
Bullish sentiment appears to be building in oil markets as summer demand for fuel kicks in, pushing Brent back above the $81 per barrel mark.-…
The United States and the European Union fear the Chinese electric vehicle competition, the founder and CEO of China’s EV manufacturing giant BYD said on…