2022-06-27 - While Stratas Advisors said in its latest oil price forecast that they are less concerned about the talk of price caps at the G7 meeting, the firm is increasingly concerned about the risk of further escalation of the Russia-Ukraine conflict because of several developments.
2022-06-07 - Citi sees weaker oil demand growth of 2.3 million bbl/d in 2022 because of economic headwinds, lockdowns in China and high prices.
2022-05-26 - Record production cuts by OPEC+ are set to be fully unwound by the end of September but the group’s oil output has been falling sharply in reality as sanctions and buyer reluctance hit Russian output, and Nigeria and Angola pump well below target.
2022-05-26 - Brent crude was on track for its sixth straight daily gain and highest close since March 25. WTI oil prices were headed for the highest close since March 23.
2022-05-18 - Refining activity picked up in the most recent week, in response to tight product inventories and near-record exports that have forced diesel and gasoline prices to record levels in the U.S.