Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,
Oil prices were rising early on Friday morning but remain on course for a seventh consecutive weekly loss as demand concerns continue to drive bearish…
Macroeconomic factors continue to weigh on oil prices this week, despite the insistence of OPEC+ members that the group's production cuts will tighten the oil…
Oil markets were left both confused and underwhelmed by the OPEC+ decision to cut 2.2 million bpd in the first quarter of 2024, with oil…
Brent climbed back above $80 on Tuesday as storms disrupted oil and product exports from Russia’s Novorossiysk port, but it is U.S. inventories and the…
Despite the dramatic reaction of oil markets to news that the OPEC+ meeting would be postponed, oil prices are set to end the week with…
Oil markets are now fully focused on the upcoming OPEC+ meeting, with reports that the group may deepen cuts being counteracted by an apparent lack…
Oil prices were recovering slightly on Friday morning after four consecutive weeks of losses pushed both Brent and WTI to their lowest levels since July.…
Oil prices moved higher on Tuesday as both OPEC and the IEA released reports pointing to strengthening global oil demand growth.Chart of the Week- Two…
Oil prices continued to tumble this week as demand concerns and inventory build-ups added to bearish sentiment, but with an OPEC+ meeting at the end…
After falling for the first three days of the week, oil prices have started to recover after both the Federal Reserve and Bank of England…
Oil prices are once again under pressure due to uncertainty about China's economy, with the latest manufacturing data reigniting demand fears.Chart of the Week- Uranium…
Oil markets have been on edge this week, with geopolitical risk and market tightness being counterbalanced by continued economic concerns. While prices are on course…
Amid expected higher demand at the start of the heating season, LNG imports into northwest Europe are expected to soar by 30% in November compared…
Shell plans to cut 15% of the 1,300 jobs in its Low Carbon Solutions business as it scales back some green energy ambitions and focuses…
Oil prices are under an increasing amount of downward pressure, but geopolitical risk and continued production cuts from OPEC+ have helped to halt a significant…
Oil markets have been heavily influenced by the U.S. this week, first by news it was lifting sanctions on Venezuela, then by reports it would…
Oil prices have fallen back slightly on the news that the U.S. plans to ease sanctions on Venezuela's oil exports, but geopolitical tension in the…
There are no plans for the creation of a natural gas cartel similar to the OPEC cartel in crude oil, Russia’s Deputy Prime Minister Alexander…
While oil prices had fallen back after soaring at the start of the week, signs that the U.S. is set to step up its sanctions…
Oil prices have been buoyed by the Hamas attack on Israel, with a heightened geopolitical risk premium in markets and growing concerns that the U.S.…