News
Oil Falls to $74 on Risk-Averse Mood, U.S. Gulf Output
Oil dropped more than $1 a barrel to around $74 on Monday as rising risk aversion weighed on stock markets and boosted the U.S. dollar, while more U.S. Gulf oil output came back online in the wake of two hurricanes.
Oil Prices Jump on Stock Market Rebound, FDA Vaccine Approval
Oil in New York surged by the most since April amid a broader market rebound after the longest stretch of declines in nearly two years.
OTC Set to Open Monday
The Offshore Technology Conference (OTC) is set to open for the first time since the Covid-19 pandemic began.
Saudi Aramco Sees Highest Quarterly Profit Since 2018
Saudi Aramco followed its Big Oil competitors with bumper earnings, boosted by a recovery in oil and chemical prices.
USA and Germany End Nord Stream 2 Feud
The U.S. and Germany have completed a deal approving completion of the Nord Stream 2 pipeline, effectively ending a longstanding rift over German gas purchases from Russia, the allies confirmed Wednesday.
Angola's Oil and Gas Industry Continues to Provide Huge Opportunities for Investors, Despite Energy Transition
Over the past three decades, Angola has proven to be a tier one destination for major oil and gas producers.
Physical Oil Markets Run Hot
The physical oil market, in which millions of barrels of crude are bought and sold each day, is screaming for more supply in the run-up to a pivotal meeting of OPEC+ producers this week.
Bank of America Projects 2022 Oil Prices Near $100 on Growing Travel Demand
Oil may surge to $100 a barrel next year as travel demand rebounds, Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.
WTI Crude Closes Above $70 for the First Time Since October 2018
Oil broke through a months-long trading range as expectations of tightening supplies in the U.S. compounded signs the world’s largest oil-consuming country is in the midst of a robust recovery.
Biden Suspends Trump-Era Oil and Gas Leases in Alaska Refuge
U.S. President Joe Biden's administration on Tuesday said it would suspend oil and gas leases that were handed out in an Alaska wildlife refuge during the final days of the Trump administration pending an environmental review.