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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The Energy Department last week rejected all offers to replenish the stockpile.
Baker Hughes has named Ganesh Ramaswamy as the executive vice president of the Industrial & Energy Technology business segment effective January 16.
China’s generous quota for crude imports boosted oil with renewed hopes for a demand revival in the world’s largest buyer.
Shell said its gas-trading earnings were ‘significantly higher’ in Q4 of 2022 as the firm overcame challenges encountered earlier in the year.
Louisiana and Texas are set to gain thousands of energy jobs in the first part of 2023, LSU said in its 2023 Gulf Coast Energy Outlook.
Oil declined as broader market sentiment soured and mild winter temperatures in may parts of the globe eased fears of an energy crisis.
Executives from 150 oil and gas firms have their say.
The EIA’s latest gasoline and diesel fuel update has revealed what consumers were paying for in a gallon of gasoline and diesel back in November.
‘Oil prices would need to be around $60-$65 per barrel and gas demand would need to drop lower’.
