Crude Oil
Crude Oil , Policy & Regulations
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.
Crude Oil , Policy & Regulations
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.
Investment , Exploration & Production , Natural Gas , Crude Oil
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.
Crude Oil , International
UAE Sees No Logic in It Pumping More Oil Now, Says Energy Minister
The minister said OPEC+ would meet on Dec. 2 and base decisions on "balance of supply and demand".
Crude Oil , Policy & Regulations , Trade
US Releases 50 Million Barrels of Crude from Strategic Oil Reserve
The move is a coordinated effort between energy-consuming nations including China and Japan to combat the rapid rise in energy prices.
Crude Oil , Trade
What’s Affecting Oil Prices This Week? (Nov. 22, 2021)
Increased supply from OPEC+ and non-OPEC producers, strengthening of US dollar and uptick in COVID cases will lead to further downward pressure on oil prices, Stratas Advisors said in its latest forecast.
Crude Oil
EIA Forecasts Oil Prices to Fall in 2022
Forget about $100 oil, the EIA projects crude oil prices will fall to around $60/bbl by this time next year.
Crude Oil , International
Asia Looks to Release Oil Reserves after US Request
The Biden administration has asked big oil buyers including India, Japan and China for the first time to consider releasing stocks of crude.
Crude Oil , Trade , International
US Asks Japan, China, Others to Consider Releasing Oil Reserves
OPEC and other producers including Russia, known collectively as OPEC+, have been adding around 400,000 bbl/d to the market on a monthly basis, but have resisted Biden’s calls for more rapid increases.
Public Capital , Petrochemicals , Crude Oil , Trade
Biden Asks FTC to Redouble Probe of Possible ‘Illegal Conduct’ over High Gas Prices
Gas prices have continued to rise at the pump, Biden said in a letter to the FTC, noting that the two largest U.S. oil and gas companies—Chevron and Exxon Mobil—were on track to nearly double their net income.