What’s Affecting Oil Prices This Week? (April 11, 2022)
Increasing downside risks? Stratas Advisors expects further pressure on oil prices for the upcoming week...
Increasing downside risks? Stratas Advisors expects further pressure on oil prices for the upcoming week with prices moving toward the lower level of the firm’s forecast.
The country’s average gasoline price has dropped about eight cents over the past week, and about 13...
The country’s average gasoline price has dropped about eight cents over the past week, and about 13 cents over the last two weeks, according to figures from the American Automobile Association (AAA).
The recent drop comes after several countries, including the U.S., announced recently that they would release additional oil from their reserves.
Prices for crude oil, from which gasoline is made, have also dropped in recent days. U.S. crude stood at around $95 per barrel on Monday morning, down from as high as $103 per barrel a week ago and even higher in late March.
Oil Could Be At 65-75$ Per Barrel Sooner Than Many Think👀
As predicted by FX Empire, ...
As predicted by FX Empire, crude oil prices have seen a dramatic reversal from just under US$130 per barrel (pb) of Brent in early March to just over US$100 pb now. Precisely the same key bearish factors for oil prices cited by FX Empire have emerged.
The energy sector is poised for a lower start, pressured...
The energy sector is poised for a lower start, pressured by weakness in the crude complex and in the major market indices. U.S. stocks fell as Treasury yields surged to fresh multi-year highs ahead of Tuesday's inflation data that could back a more hawkish stance from the Federal Reserve.
WTI and Brent crude oil are down in early trading on plans to release record volumes of crude and oil products from strategic stocks and on continuing coronavirus lockdowns in China. European Union officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the producer group to increase output and as the EU considers more potential sanctions on Russian energy.
Natural gas futures rose on strong demand overseas which has emptied storage and left inventories well below average for this time of year despite forecasts for milder weather and lower heating demand.
🔥From Twitter: A journey in the life span of an offshore oil well
Unlike shale wells that cost $10 million...
Unlike shale wells that cost $10 million or $15 million to drill and mere months to yield oil, offshore projects cost billions and rarely come online in less than a decade.#Shell#OilAndGas#Offshore#Upstreamhttps://t.co/RvpjfM96xq
