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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TC Energy’s recovery rates have been building over the past few days.
The U.S. Department of Energy’s Office of Petroleum Reserves has announced that it will start repurchasing crude oil for the Strategic Petroleum Reserve.
Exxon Mobil is avoiding hiring oil tankers that previously carried cargoes from Russia.
The move comes as the NSTA ‘cracks down on behavior that risks the industry’s drive to cut emissions and bolster the UK’s energy security’.
Oil tipped higher as investors weighed a pledge from China to revive consumption against broader low-risk sentiment.
Analyst company Wood Mackenzie has compiled ten predictions for energy developments in the year ahead.
Fears of a global economic slowdown pushed oil prices lower, outweighing news that the Biden administration will start buying crude to replenish strategic reserves.
Energy Secretary Jennifer Granholm extended an olive branch to the oil and gas industry.
The Texas grid is more reliable and resilient than ever before.
WASHINGTON-Even though
