The U.S. Energy Information Administration recently released its annual short-term energy outlook report, but what does that mean for Texas?
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Some volatility in the oil market is likely this week, according to Barani Krishnan, a senior commodities analyst at uk.Investing.com.
‘The markets started the week with a strong, risk off sentiment which accelerated the down move in oil’.
Oil posted a large loss the first week of trading in the new year as demand uncertainty continued to hang over the market.
Oil rallied after US crude stockpiles rose less than anticipated, countering the dour outlook reflected by Saudi Arabia’s decision to cut its prices.
‘I think oil will go upwards of $140 a barrel once Asia fully reopens’.
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Will we see oil hit $100 per barrel this year?
Growing confidence in China’s recovery and mounting evidence of cooling US inflation buoyed crude prices for a sixth day.
Gasoline and diesel prices will fall in 2023 and 2024, according to the EIA.
TechnipFMC has been awarded a significant EPCI contract by oil and gas company Wintershall Dea for its Dvalin North project.
Publicly traded oil explorers have taken the lead in expanding shale drilling.
The year ahead carries many trends that should be closely watched and Wood Mackenzie has listed the 5 most important ones for energy and natural resources.
There is now short-term upside of $5-10 per barrel in the oil price.
Employment in the U.S. oilfield services and equipment sector rose by an estimated 4,677 jobs to 650,587 in December, according to the Bureau of Labor Statistics.
Oil crept higher as broader risk-on sentiment helped traders overlook fears of tighter monetary policy from the Federal Reserve.
Neptune Energy has started producing oil at its Romerberg 6 well in Speyer, southwestern Germany.
