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.

November 24, 2021

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.

November 24, 2021

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.

November 24, 2021

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".

November 23, 2021

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.

November 23, 2021

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.

November 22, 2021

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.

November 18, 2021

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.

November 18, 2021

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.

November 18, 2021

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.

November 17, 2021