More Top Stories in Markets

Crude Oil

Russia, Saudi Signal No Rush on Omicron Ahead of OPEC+ Meeting

OPEC+ postponed two committee meetings from that were planned for Nov. 29-30 to later during the week to “buy time to review matters” surrounding the new variant, Prince Abdulaziz said.

November 29, 2021

Crude Oil

What’s Affecting Oil Prices This Week? (Nov. 29, 2021)

Here’s what to expect from oil prices for the week ahead after last week’s plunge on Nov. 25, which marked the biggest one-day drop since April 2020.

November 29, 2021

Crude Oil

Omicron Variant Rattles Oil Markets But Impact Unclear

The Omicron coronavirus variant caused oil prices to plunge more than 10% on Nov. 26, but recovered some of those losses on Nov. 29, standing up nearly 5% on the day.

November 29, 2021

Crude Oil

China Non-committal on US ‘Drop in the Ocean’ Oil Release

The U.S. has made the largest commitment for a reserves release at 50 million barrels of pre-approved sales along with loans to the market, but without China, the action would have less impact.

November 29, 2021

Liquefied Natural Gas (LNG)

Cheniere to Sell US LNG to China's Foran Group

The deal is one of several announced in recent weeks as LNG buyers seek to lock in long-term prices and supplies of natural gas.

November 24, 2021

Liquefied Natural Gas (LNG)

Japan's JERA Buys on LNG Spot Market to Ensure Winter Power Supply

To ensure fuel supply, JERA plans to keep its LNG inventory level at 1.7 million tonnes during December and February, 0.2 million tonnes higher than usual, Noguchi said.

November 24, 2021

Markets

Pinched by Energy Crisis, Spanish Coal Plant Slated for Closure Fires Up

To help the grid cope, Spain's power company restarted operations at one unit of its 1,400-megawatt coal plant in the northwestern Galicia region.

November 24, 2021

Crude Oil

China to Release Oil Reserves According to its Needs

President Biden urged nations to coordinate oil release from Strategic Petroleum Reserve (SPR), in coordination with other countries, as part of efforts to tamp down high gas prices.

November 24, 2021

Crude Oil

Goldman Sachs Says Global Oil Reserves Release 'a Drop in the Ocean'

Global oil prices climbed to a one-week high after the move to release oil from strategic petroleum reserves to cool the market fell short of some expectations.

November 24, 2021

Investment

Survey: Oil and Gas Price Expectations Bolster Bankers’ Confidence

Haynes and Boone survey shows that a primary indicator leans toward favorable borrowing for producers in 2022.

November 24, 2021