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.
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.
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.
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.
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.
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.
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.
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.
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.
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.