Oil Climbs to Four Month High
Oil climbed to a four-month high as Ukrainian drone attacks on Russian refineries heightened geopolitical risks and key Chinese economic data beat estimates.
Oil climbed to a four-month high as Ukrainian drone attacks on Russian refineries heightened geopolitical risks and key Chinese economic data beat estimates.
North America dropped rigs again week on week, according to Baker Hughes.
The EIA projects that driving activity will increase to all-time highs in the U.S. during 2024 and 2025.
'Brent oil prices have risen to a four-month high'.
Crude futures pushed through 200-day moving average and then held momentum on the week.
Wood Mackenzie outlined that EQT Corporation's acquisition of Equitrans Midstream Corporation increases the natural gas company's 'dominant footprint in the Northeast'.
The U.S. Energy Information Administration cut its Henry Hub spot price forecast in its latest short term energy outlook.
The buzz around natural hydrogen, dubbed white or gold hydrogen, is gaining global momentum, Rystad Energy said.
Oil Prices were bolstered Thursday by a warning from the International Energy Agency about Supply Shortages now forecasted through end of the year if OPEC+ reductions persist.
The U.S. Energy Information Administration and Standard Chartered revealed their latest oil price predictions this week.