(Oil Price) – Supertanker rates surged in the aftermath of the U.S. sanctions on Russian oil trade and shadow fleet tankers, with rates for the vessels capable of shipping 2 million barrels of crude doubling in one week. The rates for supertankers, or very large crude carriers (VLCC), soared by 112% to $57,589 per day on the Middle East-to-China route, per
(Investing) – HOUSTON – Oil prices slipped on Monday as U.S. President-elect Donald Trump’s inauguration is expected to bring a flurry of policy announcements that may clarify how he plans to end the Russia-Ukraine war, boost U.S. oil and gas production and lower costs for consumers. Brent crude futures declined by $1.23, or 1.5%, to $79.58 by 10:57 a.m. EST (15:57 GMT).
(Investing) – LONDON -Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade heightened expectations for oil supply disruptions. Brent crude futures were down 57 cents, or 0.70%, at $80.72 per barrel by 1433 GMT, having gained 1.15% this week. U.S. West Texas Intermediate crude futures
(Oil Price) – The oil price rally that kicked off last week after the Biden administration announced the harshest sanctions yet on Russian oil has carried over into the new week. Brent crude for March delivery rose to above $82 per barrel this afternoon, while WTI crude for February delivery gained topped $80 per barrel. The rise took front-month Brent above the
(Investing) – Bernstein analysts laid out their view for a coming US gas supercycle, projecting a significant shift in the domestic gas landscape through 2030. The firm has raised its long-term Henry Hub gas price deck to $5/mcf, which they believe is a conservative estimate, considering robust demand growth and constrained supply. Given its bullish stance, the investment bank upgraded EQT
(Oil Price) – The Organization of Petroleum Exporting Countries (OPEC) has released its latest Monthly Oil Market Report (MOMR) that covers major issues affecting global oil markets and provides the outlook for crude oil market developments. OPEC has reiterated its earlier forecast that global oil demand will expand at a robust clip at 1.4 mb/d in 2025, largely driven by strong non-OECD (Organization
(Investing) – Oil prices rose on Wednesday as the market focused on potential supply disruptions from U.S. sanctions on Russian energy companies and tankers carrying Russian oil. Brent crude futures were up 80 cents, or 1%, at $80.72 a barrel by 11:00 a.m. EST (1600 GMT). U.S. West Texas Intermediate crude was $1.14, or 1.47%, higher at $78.64. The latest round of
(Investing) – Fresh unexpected US sanctions on Russian energy may have helped to support oil prices in recent days, but fundamentals for crude are “still weak” and the impact of President-elect Donald Trump’s tariff plans looms large, according to analysts at Bank of America. Triggered by new US sanctions on Russian oil exports and worries over supply disruptions, oil prices recently
(Investing) – Oil prices surged on Friday and were on track for a third straight week of gains, prompting Citigroup (NYSE:C) to revise higher its average Brent prices for the first quarter of 2025. At 08:55 ET (13:55 GMT), the Brent contract rose 3.7% to $79.75 a barrel, on track for a third straight week of gains. The crude markets have rallied on potentially larger
(Investing) – LONDON -Oil prices rose slightly on Thursday as investors factored in firm winter fuel demand expectations despite large U.S. fuel inventories and macroeconomic concerns. Brent crude futures were up 35 cents, or 0.5%, at $76.51 a barrel by 1246 GMT. U.S. West Texas Intermediate crude futures gained 30 cents, or 0.4%, to $73.62. Both benchmarks fell more than 1% on
(Oil & Gas 360) – The Sense That Natural Gas Won’t Be Needed/Shouldn’t Be Used Is Helped By Climate-Change Fear And Mild Temps That are Changing Will Catch Many Short. Investor interest and natural gas expectations still restrained is helped by this week thus far delightfully mild. The cold air along the East Coast last week has been replaced
(Investing) – LONDON -Oil prices rose on Monday, remaining at their highest since mid-October as colder weather spurred buying while further support was provided by a weaker U.S. dollar and expectations of tighter sanctions on Iranian and Russian oil exports. Brent crude futures gained 49 cents, or 0.6%, to $77 a barrel by 1319 GMT, their highest since Oct. 14. U.S. West
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