Oil Prices Ease on Strong Dollar, Mixed Global Economic News
Crude prices declined despite signs of improving U.S. oil demand and falling fuel inventories that helped boost crude prices to a seven-week high a day earlier.
What's Affecting Oil Prices This Week? (June 10, 2024)
Stratas Advisors says the latest EIA report illustrates that U.S. production growth has stagnated with U.S. oil production remaining at 13.1 MMbbl/d, which is unchanged from the previous 12 weeks.
Energy Transition in Motion (Week of June 7, 2024)
Here is a look at some of this week’s renewable energy news, including the International Energy Agency’s forecast on clean energy investment reaching $2 trillion this year.
Paisie: Oil Prices to Range Between $86-$88 in Second Half of 2024
Supply and demand dynamics overtake geopolitical instability from the Middle East to Ukraine in influencing oil prices.
OPEC+ Working on Complex Oil Cut Extension Deal for 2024-2025, Sources Say
The OPEC+ deal might include extending some or all of the current voluntary production cuts of 2.2 MMbbl/d.
Calmer Waters May Be Ahead for Oil and Gas, Despite Wild Cards
Looking forward, while supply disruptions remain a possibility, the energy market’s nervousness is easing.
US Weighs Additional Sanction Steps as Russia Shifts War Footing, White House Says
Russia-China trade has dropped since U.S. President Joe Biden had expanded Treasury's ability to target financial institutions, adding authorities may expand further.
Despite Sanctions Russia Still World’s Fourth Largest LNG Exporter
Russia ranked as the world’s fourth-largest LNG exporter in 2023, sending out cargoes of 30 mtpa. Russia’s LNG capacity could surpass 74 mtpa capacity by 2030, according to details published by Flex LNG.
EU Expected to Sue Germany Over Gas Tariff, Sources Say
The German tariff is a legacy of the European energy crisis that peaked in 2022 after Moscow slashed gas flows to Europe and an undersea explosion shut down the Nord Stream pipeline.
What's Affecting Oil Prices This Week? (April 8, 2024)
Stratas Advisors says geopolitics are providing a boost for oil prices as conflicts escalate–and while crude oil and oil products continue to flow, the possibility of disruption is increasing.