Crude Oil

Crude Oil

What’s Affecting Oil Prices This Week? (June 27, 2022)

While Stratas Advisors said in its latest oil price forecast that they are less concerned about the talk of price caps at the G7 meeting, the firm is increasingly concerned about the risk of further escalation of the Russia-Ukraine conflict because of several developments.

June 27, 2022

Crude Oil

Oil Prices Rise over 2%, But Still Set for Weekly Drop

“The Fed was talking very hawkish which was undermining the oil rally, but sentiment is changing a little especially on strong economic data,” said John Kilduff, partner at Again Capital LLC in New York.

June 24, 2022

Crude Oil , Policy & Regulations

Deep Rift Lies Behind Biden's Criticism of Oil and Gas Industry

The Biden White House's testy relationship with the fossil fuel industry has grown even more complicated as Russia's invasion of Ukraine cut global energy supplies and sent crude oil and natural gas prices skyrocketing.

June 23, 2022

Crude Oil

EIA: US Oil Refining Capacity Down in 2021 for Second Year

The U.S. Energy Information Administration figures showed a capacity decline of 125,790 barrels per day last year.

June 22, 2022

Crude Oil

'Perfect Storm' for Airlines Facing Strong US Dollar and High Oil Prices

For most non-U.S. airlines, the hit from rising costs far exceeds the benefit from ticket sales to U.S.-based customers converting to more local currency.

June 21, 2022

Crude Oil , Policy & Regulations

US in Talks with Allies on Russian Oil Price Cap, Says Yellen

Yellen said a price exception is an effective cap that could be achieved by restricting insurance or financing for Russian oil shipments above a certain amount.

June 21, 2022

Crude Oil

What’s Affecting Oil Prices This Week? (June 20, 2022)

While the oil prices declined last week, the price movement remains on the upward trend that started in December of last year. However, will the trend hold? Stratas Advisors explores in its latest oil price forecast.

June 20, 2022

Crude Oil

Oil Slumps 5% on Recession Concerns, US Gasoline Price Drop

With the Fed expected to keep raising interest rates, open interest in WTI futures on the Nymex fell on June 16 to its lowest since May 2016 as investors cut back on risky assets.

June 17, 2022

Business , Crude Oil , International

OPEC Foresees Brighter Second Half for Oil Demand, Economy

Despite the outlook for continued economic growth and rising oil demand this year, OPEC also warned of significant downside risks.

June 16, 2022

Crude Oil , International

Oil Prices Rebound as New Iran Sanctions Fuel More Supply Concerns

After an early selloff, buyers jumped back into the market as most forecasters expect oil supply to remain tight for several months.

June 16, 2022