oil prices
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The surge in oil and gas prices has reminded Europeans that they still need hydrocarbons and reminds them why they want to replace them. -
Drillers are feeling good about higher oil prices, but only to a point.
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The alliance ratified another modest daily production increase of 400,000 barrels.
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The chief of the world's largest oil company issued a reality check on how the energy transition is doing and called for a more practical strategy going forward.
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Oil-consuming nations announced a big push to drive down oil prices. Next week, it’s OPEC’s turn to respond to that move.
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Even though the market seemingly expected a 400,000 B/D increase from the oil exporting group, crude prices took a bit of a tumble.
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The 21st ministerial meeting between OPEC and its non-OPEC allied countries ended with no change of course. However, markets reacted by pricing in the potential of a supply shortfall.
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Oil demand is expected to rise just enough this year for a small increase in OPEC production.
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Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets.
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On 20 April, a historic drop of oil prices occurred. WTI futures contract dove into negative territory for the first time ever.
