Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production.
Such limitations on supply would push prices to multi-year highs and keep them there for two years or more, several hedge...
Studies carried out by the Iranian National Standards Organization on gasoline quality in 2020 indicates the fuel contained “acceptable levels” of sulfur and other chemicals, head of INSO said.
“Sulfur levels declined compared to 2019. Aromatic compounds, benzene, octane and olefin were at...
France’s oil and gas supermajor Total is buying four large-scale solar power projects plus battery storage assets in Texas, with which it plans to meet the electricity demand of all its industrial sites in the United States, including the Port Arthur refining and petrochemicals platform and La...
Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains this week, boosted by the continued commitment of producers to hold back crude supply and positive signs of economic growth in the United States.
US West Texas Intermediate crude futures jumped 51...
Oil prices rose on Wednesday after hitting their highest in about a year in the previous session, supported by an unexpected draw in US crude stockpiles and an OPEC+ estimate of a global oil market deficit this year.
Market sentiment was bolstered by news that Democrats in the US Congress took...
OPEC boosted crude production as planned last month, but the increase was tempered by disruptions at long-troubled member nations.
The Organization of Petroleum Exporting Countries raised output by 190,000 barrels a day in January, Bloomberg reported. That fits with an agreement between the...
Oil prices edged higher on Monday after a weak start, holding on to the past three months of gains, although patchy coronavirus vaccine rollouts, new infections and the discovery of new variants are keeping a lid on prices.
Brent crude futures were up 10 cents at $55.14 a barrel, while US West...
Water stored in dams across Iran has reached 26.63 billion cubic meters, which is 1% less than the same time last year, the Energy Ministry news portal Paven reported.
Overall capacity of dams is 50.5 billion cubic meters and data show 53% storage levels. Since the beginning of the current water...
Crude oil prices will trade in a range between $45 a barrel and $80 a barrel in the period until 2035, under a set of scenarios developed by the Russian energy ministry in a draft general plan for the gas industry.
"Scenario conditions [imply] the range of oil prices from the lower to the upper...
Oil prices were slightly lower in subdued trade on Friday, sticking to ranges seen over the past three weeks, as investors looked for signs of changing supply and demand fundamentals.
A cut in Saudi Arabia’s oil supply and lower US oil stocks helped offset price pressures from fuel demand, which...