Recommended Reading
Permian’s December Price Plunge is a Warning for 2023
2023-01-17 - With steady production growth, East Daley Analytics’ basin model shows Permian gas supply reaches the upper limits of effective pipeline takeaway as soon as February 2023.
Oil Set for 10% Weekly Drop as Demand Worries Dominate
2022-12-09 - In percentage terms, Brent and WTI crude are set for their worse weekly drops since August and April of 2022, respectively, at approximately 10% each.
Oil Rises on Tight US Stocks as Winter Blast Hits
2022-12-22 - U.S. WTI rose to $79.40 a barrel, while Brent crude rose by the same percentage to $83.37 as of Dec. 22.
Oil Prices Broadly Steady Amid Rising US Stockpiles
2023-01-11 - The oil market has been pulled lower by worries that sharply higher interest rate hikes to tame inflation would trigger a recession and curtail fuel demand. U.S. inflation data is due on Jan. 12.
Oil Prices Firm on Upbeat US Economic Data
2023-01-27 - Buoyed by unexpected U.S. economic growth, Brent crude futures rose to $88.64/bbl while U.S. crude was up to $82.18/bbl.