Oil prices started strong this year at $64/b in January. Merchant of Record: A Media Solutions trading as Oilprice.com, Saudi Arabia Looks To Stop Using Crude For Domestic Power Generation, Libya’s Petroleum Guard Shuts Down Oil Port, Biden Federal Land Permitting Moratorium Shocks New Mexico, U.S. Home News EIA expects crude oil prices to average near $50 per barrel through 2022 1/21/2021 In its January Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects global demand for petroleum liquids will be greater than global supply in 2021, especially during the first quarter, leading to inventory draws. Oil price charts for Brent Crude, WTI & oil futures. . All markets…, Dec 14, 2020 at 08:44 | Tsvetana Paraskova, Oil prices rose early on Monday after the U.S. FDA approved the Pfizer-BioNTech vaccine for emergency use and shipments of batches of vaccine vials began this weekend, with first vaccinations…, Dec 08, 2020 at 09:58 | Tsvetana Paraskova, Major energy importer India and one of the world’s top liquefied natural gas (LNG) exporters, Qatar, agreed on Tuesday to create a special task force to explore and facilitate Qatari…, Oil prices sank over 1% on Monday, erasing the positive sentiment that the market boasted last week after OPEC+ agreed on a plan for January production. Two leading oil price reporting agencies launch new U.S. crude benchmarks to rival WTI Published Fri, Jun 26 2020 8:09 AM EDT Updated Fri, Jun 26 … China sends warplanes thru Taiwan airspace. The February WTI futures price gained 12 cents, settling at $48.52 per barrel. Energy news covering oil, petroleum, natural gas and investment advice U.S. crude prices plunged to their lowest levels in 18 years as governments tightened travel restrictions across the world and the continuing Saudi-Russian price war showed no signs of abating. Get updated commodity futures prices. WTI was trading as high…, Crude oil prices are on the rise again after a short reversal of fortunes prompted by a huge crude oil inventory build reported by the U.S. EIA last…, Structural underinvestment in oil and gas will put upward pressure on oil prices, Goldman Sachs’ commodities chief Jeffrey Currie told CNBC this week, commenting on commodity markets. Exclusive: Iraq cuts crude oil supplies for most Indian refiners in 2021 - sources 10:04am EST Aramco omits some carbon data in disclosures to investors: Bloomberg News At 4:07 p.m. EST, Market tightness is the new byword on the global crude markets, though this given bout of supply scarcity (luckily) bears all the traits of a forethought and premeditated…, Saudi Arabia has announced reductions in crude oil volumes to be supplied to at least nine clients in Asia and Europe following its decision to add another 1 million bpd…, Jan 12, 2021 at 17:21 | Cyril Widdershoven, The global oil market is in flux once again. Facebook oversight board considers outright ban on Trump account Oil Prices Will Remain Low in Short-Term: Goldman Sachs’ Tilton. New York (CNN Business) In a little-noticed report, JPMorgan Chase warned in early March that the oil market could be on the cusp of a "supercycle" that sends Brent crude skyrocketing as … Other oil-market news It may be the oil market’s worst-kept secret: millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously going to China. Oil prices to hit $60 per barrel by the end of 2021 – Capital Economics. 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