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
Oil prices rose more than $1 on Wednesday, extending overnight gains. Industry data indicated that crude stocks in the United States declined more than expected last week after two storms.