Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
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,…
Energy infrastructure company, the Williams Companies Inc. (NYSE:WMB), has agreed to acquire a portfolio of natural gas storage assets from Hartree Partners for $1.95B, a…
Danish shipping giant, Maersk, and scores of leading shipping companies have begun shipping via the Suez Canal weeks after they abandoned the pivotal route following…
Russia’s crude oil exports this year will be 7% higher compared to 2021, Russian First Deputy Prime Minister Andrei Belousov was quoted as saying on…
The benchmark U.S. natural gas prices fell by 3% early on Tuesday after the latest models overnight showed that most of the U.S. will see…
Germany’s state-controlled firm Securing Energy for Europe (Sefe) and Equinor signed on Tuesday one of the biggest-ever natural supply deals for Norway’s energy giant worth an estimated…
Oil markets are finally focusing on geopolitical risk, with disruptions in the Red Sea pushing Brent up toward $79 and WTI above $73.- Shipping stocks…
Oil prices are on course for their first weekly increase in eight weeks, a shift in sentiment that was driven in large part by the…
Oil prices are once again under pressure as inflation data suggests the Fed will keep interest rates higher for longer. Meanwhile, COP28 looks set to…
Oil prices were rising early on Friday morning but remain on course for a seventh consecutive weekly loss as demand concerns continue to drive bearish…
Macroeconomic factors continue to weigh on oil prices this week, despite the insistence of OPEC+ members that the group's production cuts will tighten the oil…
Oil markets were left both confused and underwhelmed by the OPEC+ decision to cut 2.2 million bpd in the first quarter of 2024, with oil…
Brent climbed back above $80 on Tuesday as storms disrupted oil and product exports from Russia’s Novorossiysk port, but it is U.S. inventories and the…
Despite the dramatic reaction of oil markets to news that the OPEC+ meeting would be postponed, oil prices are set to end the week with…
Oil markets are now fully focused on the upcoming OPEC+ meeting, with reports that the group may deepen cuts being counteracted by an apparent lack…
Oil prices were recovering slightly on Friday morning after four consecutive weeks of losses pushed both Brent and WTI to their lowest levels since July.…
Oil prices moved higher on Tuesday as both OPEC and the IEA released reports pointing to strengthening global oil demand growth.Chart of the Week- Two…
Oil prices continued to tumble this week as demand concerns and inventory build-ups added to bearish sentiment, but with an OPEC+ meeting at the end…
After falling for the first three days of the week, oil prices have started to recover after both the Federal Reserve and Bank of England…