After hitting their highest level in seven years, oil prices were steady Monday in seesaw trading. This was despite fears that Russia’s invasion of Ukraine could result in sanctions from
Oil at a seven-year high in Ukraine-Russia tensions
Oil extended gains to seven-year highs above $90 a barrel on Thursday
The signs that the U.S. Federal Reserve would tighten monetary policies were outweighed by the Ukraine crisis.
On stronger demand prospects, oil prices hover around $85/bbl
Brent crude oil traded at $85 per barrel on Thursday, nearing two-month highs. This was buoyed in part by the expectation that a strong economic recovery would boost demand. However,
Analysts predict that oil prices could reach $100 when demand exceeds supply.
Analysts predict that oil prices will rise further this year after rising 50% in 2021. They believe that a shortage of production capacity and low investment could cause crude to
Omicron slump aside, oil prices soar to 2-month highs
Due to tight supply and decreasing concerns about potential demand from the Omicron coronavirus variant, oil prices reached two-month highs Wednesday.
Share Talk Weekly Energy Sector News Round-Up, 8th January 2022
Data from Gascade, the German network operator, showed that Friday’s Yamal-Europe pipeline was flowing east from Germany towards Poland for the 18th consecutive day. However, it flowed at slightly lower
Oil rallies on unrest in Kazakhstan, Libyan outages and Russia pipeline flowed in reverse – 17th consecutive day.
On Thursday, oil prices rose sharply due to escalating unrest at OPEC+ oil producer Kazakhstan, and supply outages from Libya.
Oil Reports its Biggest Annual Gain since 2009
As vaccinations increased the opening of economies, oil saw its largest annual increase since 2009. Crude production returned to a more moderate pace while oil prices rose.
Oil prices rise to $78 because of optimism about 2022 outlook
Oil prices rose to above $78 per barrel Monday. This was due to tight supply and the hopes of a further demand recovery by 2022.
Share Talk Weekly Energy Sector News Round-Up, 20th November 2021
Oil prices dropped by 3% to $80 per barrel Friday due to rising COVID-19 cases across Europe. Investors also considered a possible release of crude oil reserves by major economies
Oil reaches multi-year peak of $86, then drops back
Although oil prices reached a three-year peak above $86 per barrel on Thursday, it was driven by tight supply as well as a global energy crunch. However, prices fell as
