Energy

Ukraine Conflict: Petrol At Fresh Record As Oil And Gas Prices Soar

Oil jumped to $139 a barrel at one point, the highest level for almost 14 years, while wholesale gas prices for next-day delivery more...

Gulf Economies to Pick Up Speed Next Year, With Fall in Oil Prices Biggest Risk

The oil-rich region will benefit from an increased COVID-19 vaccination rate, rising oil prices, and easing of lockdown restrictions this year and next, the poll suggested.

Oil Prices Climb as COVID Recovery, Power Generators Stoke Demand

Brent crude oil futures were up 59 cents, or 0.7%, to $85.45 a barrel by 0900 GMT, after hitting $86.04, their highest level since October 2018.

Oil Falls For Second Day As Supply-Driven Rally Peters Out

Brent crude was down $1.03 or 1.3 percent at $78.06 a barrel by 0130 GMT, having fallen nearly $2 on Tuesday after touching $80.75, its highest in nearly three years.

Europe’s Energy Crisis Is Making The Market Nervous

European power prices have spiraled to multi-year highs on a variety of factors in recent weeks, ranging from extremely strong commodity and carbon prices to low wind output.

Oil Dips For Third Day While Supply Worries Mount; OPEC To Add More Barrels

OPEC output in June increased by 590,000 BPD to 26.03 million BPD, the report showed.

OPEC-Plus Deadlocked on Oil Production Boost Deal

Cartel and Russia-led allies blocked by U.A.E. in production-boost accord.

Oil Set for Best Half Since 2009 as Demand Recovery Accelerates

Futures in New York rose toward $74 a barrel on Wednesday and are up more than 50% this year.

Gas Stations Are Running Out of Gas Ahead of the Holiday Weekend

The average is up just 2% since Memorial Day, but 42% from a year ago, when pandemic restrictions brought demand to a near halt and sent oil and gas prices plunging.

Oil Slips After Hitting Highest Since 2018 Before OPEC+ Talks

Brent dipped 10 cents, or 0.1%, to $76.08 a barrel at 0911 GMT, after climbing to $76.60 its highest since October 2018. U.S. crude was down 4 cents, or 0.1%, at $74.01 a barrel.

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