Oil Drifts Lower Despite Geopolitical Tensions
Thin holiday trading and rising bearish bets pushed crude toward the bottom of its recent range.
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Analyst Looks at Natural Gas Price Moves
'Yesterday's 177 billion cubic foot withdrawal did little to stop the massive sell-off in natural gas', EBW Analytics Group Energy Analyst Eli Rubin said.
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New Supertankers Sail Empty to Collect Oil
A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty to pick up crude as soon as possible.
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EIA Ups Brent Price Forecast, Still Sees Drop in 2026
In its latest STEO, the EIA increased its Brent price forecast for 2025 and 2026 but still projected that the commodity will drop next year compared to 2025.
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Crude Settles at October Lows
WTI and Brent fall as bearish fundamentals eclipse geopolitical headlines.
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Ukraine Attacks Russian Offshore Oil Field
Ukraine attacked Lukoil PJSC's Filanovsky oil field in the Caspian Sea, according to a person familiar the matter.
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BP, Chevron Top US Gulf Lease Sale
'The strong bidding we saw today reflects sustained industry confidence in the long-term potential of the U.S. outer continental shelf'.
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GasBuddy Flags 'Fresh Multi-Year Low' for USA Gasoline Price
'Gas prices continued to decline in most states last week', GasBuddy Head of Petroleum Analysis Patrick De Haan said.
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IEA Cuts Forecast of Record Oil Glut for 1st Time Since May
The International Energy Agency trimmed estimates for a global oil supply surplus this year and next for the first time in several months.
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Oil Price Did Not Shift on Fed Cut
'Fundamentals are still the primary drivers of change in commodity markets, with the price of oil not shifting based on the Fed's cut', Rystad said.