Crude Oil

Crude Oil , Storage , Gathering & Processing , Pipelines

Plains’ Cushing Terminal to Become WTI Delivery Point

The change will take effect November 8, 2021 for the February 2022 contract month, pending regulatory review.

October 21, 2021

Business , Natural Gas , Crude Oil , Energy Transition

Busting Myths of Oil’s Demise

Deloitte analysts find that while peak growth has passed, the industry will remain on solid ground for the foreseeable future. But how companies choose their competitive positioning will determine the new energy order.

October 21, 2021

Crude Oil , Midstream

US Crude Oil, Fuel Stocks Dip Further Tightening Supply

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.3 million barrels to 31.2 million barrels. That’s the lowest level since October 2018, and points to tightness in the market that may take some time to alleviate.

October 20, 2021

Crude Oil , Trade

What’s Affecting Oil Prices This Week? (Oct. 18, 2021)

While the news about COVID-19 and supply/demand fundamentals remain favorable, Stratas Advisors says they see other factors that will moderate oil prices.

October 18, 2021

Crude Oil , Trade , International

Brent’s ‘Scarcity Premium’ Widens to Most Since 2013 in Oil Rally

Carsten Fritsch, analyst at Commerzbank, said the surge in oil prices was due to a tight market, as shown by the 12-month forward curve and the premium at which the first-month futures contract is trading to the second.

October 15, 2021

Business , Crude Oil , Policy & Regulations

Shrinking Spare Oil Capacity Underscores Need for More Investment, IEA Says

Spare capacity is an important cushion for the oil market as it allows producers to quickly respond to unplanned outages that could tighten the market and cause big fluctuations in prices.

October 14, 2021

Crude Oil , Trade , International

Saudi Arabia Energy Minister Dismisses Calls for Extra OPEC+ Barrels

OPEC and allies led by Russia, collectively known as OPEC+, have done a “remarkable” job acting as “so-called regulator of the oil market,” says Saudi Arabia energy minister Prince Abdulaziz bin Salman.

October 14, 2021

Crude Oil , Trade , International

IEA: Energy Crisis Could Threaten Global Economic Recovery

Oil and natural gas prices have soared to multiyear highs recently, sending power prices surging to record levels as widespread energy shortages engulf Asia and Europe.

October 14, 2021

Natural Gas , Crude Oil

OPEC Trims 2021 Demand Forecast but Says Gas Price Surge Could Help

Natural gas prices at record highs could provide a potential headwind to oil demand growth, OPEC said.

October 13, 2021

Crude Oil

Oil Falls on Fears Inflation May Dent Fuel Demand Growth

The International Monetary Fund cut its growth outlooks for U.S. and other major economies amid supply chain disruptions and cost pressures.

October 13, 2021