Increasing confidence in the containment and treatment of the Omicron variant of the Covid-19 virus thus easing demand reduction concerns as well as strong inflationary pressures helped propel… more
Thomas Finlon
Petroleum prices fell for a sixth consecutive week, the longest such streak of weekly losses since November 2018. Expected reduction in global petroleum demand due to the emergence of the Omicron… more
The discovery of a new Covid strain slammed petroleum prices on Friday as overwhelming fears
of demand destruction enveloped energy markets, erasing gains dating back to August. This
… more
Petroleum prices fell for a fourth consecutive week, the longest streak of weekly losses since March 27, 2020. After having reached seven-month highs a scant four weeks ago, prices are now at… more
Energy prices fell for a third consecutive week and third week in 12 as the looming threat of intervention by executive order from the US president to try to reduce energy prices dominated market… more
Petroleum prices fell for the second week in 11, recovering from sharp reductions midweek that briefly touched October lows. This was the worst week for prices since August. At the virtual meeting… more
Petroleum prices fell for the first week in 10, easing minimally as Brent prices actually improved on the week. Persistent concerns regarding lower supplies, particularly in Cushing, continued… more
Petroleum prices rose for a record ninth consecutive week, reaching their highest levels since 2014. Ongoing OPEC discipline, continued shortfalls of US Crude production, diminished supplies at… more
Petroleum prices rose for an eighth consecutive week. This is the longest streak of weekly gains for Brent in more than 20 years. Continued OPEC+ discipline spearheaded by Saudi dismissiveness of… more
Petroleum prices rose for a seventh consecutive week as WTI hit $80 for the first time since November 1, 2014. No imminent release from the US Strategic Petroleum Reserve as falsely rumored… more