Oil prices climbed on Friday, driven by the International Energy Agency’s predictions of unparalleled global demand and shrinking supplies. This surge marked the seventh consecutive week of price gains, the
Oil prices climbed on Friday, driven by the International Energy Agency’s predictions of unparalleled global demand and shrinking supplies. This surge marked the seventh consecutive week of price gains, the
Amid strong consumption in China and other regions, global oil demand has reached an unprecedented level, potentially driving up prices, as per the International Energy Agency (IEA).
Amid concerns about oil supplies navigating the Black Sea, oil prices soared to their peak in almost nine months.
European natural gas prices are seeing a reduction due to the continually growing fuel reserves.
Goldman Sachs (NYSE: GS) has updated its analysis, reducing the odds of a US recession happening in the next year from 25% to 20%. This figure is still a bit
Germany has inked another extended agreement to import a larger quantity of US liquefied natural gas (LNG), shifting away from Russian energy amidst the ongoing Ukrainian conflict.
Prices of natural gas in Europe have dipped once more following Tuesday’s surge, with Goldman Sachs asserting that a fall in demand will neutralize any effects from the disruption of
Futures prices experienced a week-long surge for the first time in 10 weeks, amid worries that Europe may have to import more gas.
Friday’s oil price rise was supported by supply cuts and real threats. However, crude saw the second week of declines as China’s COVID-19 curbs and aggressive interest rate increases weighed
Bloomberg reported that Russia is still selling liquefied natural gases from Sakhalin-2 in the Far East to China at half the price and still making profits, citing unnamed traders.