Oil Hits Three-Year High
On Tuesday, a worldwide energy supply shortage erupted into crude markets. It sent oil prices to their highest levels in three years. Brent crude oil, the global benchmark, flirted with
On Tuesday, a worldwide energy supply shortage erupted into crude markets. It sent oil prices to their highest levels in three years. Brent crude oil, the global benchmark, flirted with
Global oil demand appears set to return to pre-pandemic levels in 2022. Still, a sharp decline in upstream investments and OPEC’s cautious approach to raising the group’s production volumes could lead
Investors are increasing their bets that a global campaign to reduce carbon emissions will stifle commodity output. This is driving up commodity prices for everything from natural Gas to aluminum.
Oil prices rose further on Thursday, propelled by increasing fuel demand and a larger-than-expected drop in U.S. crude stocks. At the same time, production in the Gulf of Mexico continues
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