Friday, January 31, 2025
Oil prices slide as virus cases rise, demand worries persist- oil and gas 360

Oil prices slide as virus cases rise, demand worries persist

Reuters NEW YORK  – Oil prices eased on Tuesday as coronavirus cases globally continued to rise, but losses were capped amid reports of a blast in Saudi Arabia. Brent crude was up 4 cents, or 0.1%, at $55.92 by 12:57 p.m. ET (1757 GMT,) while U.S. crude fell 19 cents, or 0.4%, to $52.58. Indonesia, the world’s fourth-most-populous country, surpassed

Column: U.S. gas market tightens despite mild winter - Kemp- oil and gas 360

Column: U.S. gas market tightens despite mild winter – Kemp

Reuters LONDON – U.S. natural gas inventories remain elevated, but the surplus to the five-year average has been shrinking, despite milder than normal weather this winter, signalling the market is tightening and prices are likely to rise in 2021. Hedge funds and other money managers are already anticipating a tighter production-consumption balance, accumulating a futures and options position that is