Oil and Gas Prices
News
May 16, 2024
Brazil President Luiz Inacio Lula da Silva will push the new head of Petrobras to speed the pace of investments into refineries and expand its natural gas supplies after ousting the state-run oil company’s chief executive officer, people familiar with his plans said.
News
May 03, 2024
Energy companies in the United States have reduced the number of operating oil and natural gas rigs for the second consecutive week, reaching the lowest count since January 2022, according to Baker Hughes' latest report.
News
May 02, 2024
Commissioner Christian denounced President Biden's actions as election year politics, asserting that the pause on LNG exports would neither reduce emissions nor benefit allies, instead making energy more expensive and less accessible.
News
April 16, 2024
Oil traders piled into more than 3 MMbbl worth of options contracts in a bet that prices would spike to $250 a bbl by June as geopolitical risks remain elevated.
News
April 14, 2024
Trading resumed at 6pm New York time on Sunday. The risk of a direct Iranian attack on Israel was already at least partly priced in — benchmark Brent crude, up 17% so far this year, passed $90 a bbl after the strike on Iran’s embassy.
News
April 08, 2024
Crude futures topped $90 a bbl last week for the first time since October as a combination of robust consumption, output disruptions and geopolitical risks pushed prices higher.
News
April 07, 2024
Brent crude rallied more than 2% to climb above $90 a barrel on Thursday after Israeli Prime Minister Benjamin Netanyahu vowed to retaliate to any attack from Iran, despite the United States urging Israel to protect civilians.
News
January 14, 2024
Cold weather can cause freeze-offs, a condition when equipment related to natural gas production or pipelines can malfunction, curbing supply. Rising spot gas prices can be an indicator that traders are worried about high demand and freeze-offs lowering supply.
News
January 12, 2024
Oil jumped as the U.S. and its allies launched airstrikes against Houthi rebels in Yemen, retaliating for attacks on ships in the Red Sea that have imperiled flows of fuel and goods through the vital waterway.
