Tuesday, January 7, 2025
COLUMN-How high are oil prices really? Kemp- oil and gas 360

COLUMN-How high are oil prices really? Kemp

Nasdaq How high are oil prices really and what signal are they currently sending to producers and consumers about the need for more output and lower fuel use? The strength of a price signal depends on both the real level of prices adjusted for inflation and the rate of change compared with recent years. In terms of the rate of change, prices are already

Oil prices reach seven-year high as OPEC keeps crude supply tight- oil and gas 360

Oil prices reach seven-year high as OPEC keeps crude supply tight

World Oil SINGAPORE (Bloomberg) –Oil rose to a new seven-year high after OPEC+ chose to keep supplies fairly tight even as the world grapples with an energy crunch. Futures climbed above $78 a barrel in New York after surging 2.3% on Monday as Saudi Arabia and its partners opted for a modest output increase of 400,000 barrels a day. Some

Nord Stream 2 appeals decision that EU rules apply to pipeline-oil and gas 360

Nord Stream 2 appeals decision that EU rules apply to pipeline

Nasdaq Swiss-based Nord Stream 2 said it has appealed a court decision that confirmed the pipeline will not be exempt from European Union rules that require the owners of pipelines to be different from the suppliers of the gas that flows in them. The decision was made by the Duesseldorf Higher Regional Court in August, and a spokesperson for the

European natural gas prices hit new records as supply concerns grow- oil and gas 360- oil and gas 360

European natural gas prices hit new records as supply concerns grow

World Oil (Bloomberg) –European natural gas and power soared to fresh records amid worsening fears over supply.   Global fuel shortages are resulting in surging energy prices, disrupting markets from the UK to China, as economies emerge from the pandemic. Surging costs are threatening to raise inflation and starting to weigh on industrial production, with some companies in Europe forced

Oil analysts predict a prolonged rally as OPEC resists calls to ramp up supply- oil and gas 360

Oil analysts predict a prolonged rally as OPEC resists calls to ramp up supply

CNBC LONDON — Oil prices climbed to multi-year highs shortly after a group of some of the world’s most powerful oil producers opted against a big supply boost. Now energy analysts believe crude prices could be poised to rally toward $100 a barrel. OPEC and non-OPEC partners, a group collectively referred to as OPEC+, said Monday that it would stick