Crude Settles Higher After Volatile Week
Reduced fears of immediate US action against Iran eased risk premiums, limiting crude gains.
Reduced fears of immediate US action against Iran eased risk premiums, limiting crude gains.
Harold Hamm said he's about to shut down drilling in North Dakota's Bakken for the first time in decades because of low crude prices.
The U.S. Energy Information Administration projected that the Brent spot average price will drop in 2026 and 2027 in its latest short term energy outlook.
'It's an honor and a privilege to be made an honorary fellow of the Energy Institute', Sultan Ahmed Al Jaber said.
Crude retreated as signs of reduced geopolitical risk outweighed recent bullish momentum and options-driven volatility.
Shale billionaire Harold Hamm said oil companies need guarantees that their assets won't someday be seized by Venezuela if they help revive the nation's crude production.
Eli Rubin, an energy analyst at EBW Analytics Group, highlighted that the February natural gas contract 'collapsed' yesterday.
Oil prices retreated after a five-session rebound as concerns about the geopolitical situation in the Middle East abated to some extent, Daniel Takieddine, Co-founder and CEO of Sky Links Capital Group, said.
OEUK describes itself on its website as the leading trade association for the UK offshore energy industry and a not for profit membership organization with a history stretching back five decades.
Oil prices reversed sharply after Trump suggested Iran's crackdown may be easing, reducing fears of immediate US military action.