Oil prices rose on Thursday, with investors adjusting ahead of an OPEC+ decision on supply policy. Still, gains were capped by fears that the Omicron coronavirus variant could hit fuel demand. Brent crude futures added
Major producers debated how to respond to the likelihood of a hit to fuel demand from the Omicron strain of the coronavirus. Hence, oil prices rebounded more than 3% on Wednesday, recouping a big amount
One of the most common questions we can hear nowadays is what the European gas market prices are? Does Europe has natural gas at all, and where can it be found? And why are gas
On Tuesday morning, gold was higher in Asia as investors remained apprehensive about the implications of the Omicron COVID-19 variation on the global economic recovery. By 10:24 p.m. ET, gold futures were up 0.29 percent
Oil prices were higher in Asia on Monday morning, recouping some of Friday’s losses. Investors began bargain shopping despite finding the new Omicron COVID-19 type and the restart of the Iran nuclear agreement negotiations. By
President Biden’s pledge to pressure oil producers to lower prices has already backfired. The US administration’s attempt to coordinate a strategic petroleum reserve release from key importers to enhance supply did not impress oil markets.
While the investors were waiting on the emergency release of reversed oil on Thursday, the oil prices were little changed. The release of emergency crude was intended to temper the market, despite data showing strong
Some of the world’s largest energy consumers are joining a US-led push. They want to unleash strategic oil reserves in an attempt to bring down high prices and keep inflation in check. Following weeks of
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