Crude prices recovered on Friday, breaking the four-week losing streak in oil, with WTI rising to $70 per barrel.
Weaker-than-expected demand is set to tip the oil market into a surplus over the next five quarters, Macquarie said in a Friday note as it lowered its Brent and…
Crude oil exports from Libya have further fallen in the past week as UN-mediated talks between the rival governments haven’t resulted yet in a definitive agreement on the…
Crude Oil Prices Recap: Key Drivers of Last Week's Market Movements This week, crude oil prices experienced notable volatility, with a mix of supply-side disruptions and ongoing demand concerns shaping…
Politics, Geopolitics & Conflict- North Korea used its state news agency to send a message that it is enriching uranium for nuclear weapons. The news agency published a…
I have, for a few weeks now, been saying that I expected crude to move lower based on questions about demand, particularly from the US and China, the world’s two…
Several developments have taken place this week on the Ukraine-Russia war front that threatens to cross a rather significant “red line” in what has been a rather slow…
Earlier this year, OPEC and its partners announced that it would begin to ease production cuts for members in the fall. However, with oil prices in steep decline,…
Reuters calculations showed on Friday that the share of Russia’s refining capacity that is offline this month has jumped from August to 14.5% of all processing capacity amid…
Crude oil prices extended their gains from Thursday earlier today and looked set to interrupt a three-week losing streak, if the gains hold.
Global demand for helium is likely to nearly double by 2035, largely driven by robust growth by the semiconductor sector market research, firm IDTechEx has…
This week, the stocks of solar power companies enjoyed a sharp jump following the presidential debate between Donald Trump and Kamala Harris. Some companies saw a double-digit rise…
Recent landmark deals by China and the U.S. reaffirm that the United Arab Emirates (U.A.E.) remains vital to the Middle East strategies of the two global superpowers - and for…
World crude oil extraction reached an all-time high of 84.6 million barrels per day in late 2018, and production hasn’t been able to regain that level since then, sparking the…
Automakers, big and small, are investing heavily in the development of a wide range of electric vehicle (EV) models, as consumer interest in cleaner cars increases. Europe is…
Oil’s recent slump to the low $70s and the brief dip into the $60s handle could open the door wider for the major economies to avoid recessions. Lower gasoline and…
Via Metal Miner Due to numerous obstacles, Nippon Steel’s $14.9 billion proposed acquisition of U.S. Steel has been on hold for nine…
Goldman analysts Trina Chen and Joy Zhang explained in a client note Thursday that reports of Chinese battery giant Contemporary Amperex Technology (CATL) cutting lithium production at a…
Analysts at Wall Street bank UBS estimate that hurricane Francine may have disrupted up to 1.5 million barrels of U.S. crude production in…
Russian Prime Minister Mikhail Mishustin’s two-day visit to Uzbekistan highlights the limits of the Kremlin’s geopolitical leverage these days. Mishustin arrived with high hopes of drawing Uzbekistan closer…