Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
Occidental Petroleum reported its strongest quarterly financial results in three years for the final three months of 2023, beating analyst expectations. Net income attributable to…
Russia’s Novatek restarted earlier this week fuel processing at its complex on the Baltic Sea damaged last month in a suspected Ukrainian drone attack, industry…
From 2021 to 2022, Canada’s coal exports jumped 60%, according to the NDP, as reported by the Global News, while coal exports have risen by…
The geopolitical risk premium returned to oil markets this week after Israel rejected a ceasefire offer and bombed Rafah. Friday, February 9th, 2024The geopolitical risk premium…
Oil markets are once again focused on looming demand weakness, capping oil prices despite rising tensions in the Middle East.Chart of the Week- As India…
Rumors and speculation appear to be driving oil markets this week, adding to volatility as the world awaits a potential ceasefire agreement between Israel and…
Rising geopolitical risk pushed Brent well past $80 last week, but the brief price rally has been dampened by continued economic concerns and a strong…
The bullish case for oil prices was strengthened dramatically this week, with strong U.S. economic data helping to push Brent well past the $80 mark. Friday, January…
An uncertain supply picture has oil markets on edge, with disruptions and geopolitical risks being counterbalanced by rising production in Norway and Libya. Economic uncertainty…
A cold snap in the U.S. and continued attacks on ships in the Red Sea have boosted bullish sentiment in oil markets, although increasing product…
Brent Crude oil prices are expected to average $74 per barrel this year, Citi said in a note, revising down its previous forecast by $1…
Oil prices are being pushed higher by renewed geopolitical risk after the UK and the U.S. launched an attack on Houthi positions in Yemen. Brent…
India is halting a plan to spend as much as $600 million, or 50 billion Indian rupees, on topping up its strategic crude reserve amid…
Battery storage capacity in the United States could jump by 89% this year compared to 2023 if developers meet the deadlines of all energy storage…
Hungary plans $2 billion worth of infrastructure investment in its second-biggest city as the country looks to become a top manufacturing hub for EV batteries…
Crude prices are set to close out the first week of the new year with a small gain as tensions in the Middle East continue…
Oil prices recouped some losses on the last trading day of the year with Brent crude set to close well below $80 per barrel. The…
India’s fuel exports rose in November from a month earlier as refineries ramped up crude processing while diesel demand for trucking was lower during the…
The first batch of fuel export quotas that China has issued for 2024 is basically unchanged from the first batch of allowances for 2023, Chinese…
A London-based oil market-maker and derivatives trading firm, Mandara Capital, is in the process of winding down operations, the company’s founder told Bloomberg on Thursday. Last week,…