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Tag: oil market


Energy, Industry Focus Areas

U.S.-Backed Plan to Cap Price of Russian Oil Hits Delays

October 28, 2022

Via: The Wall Street Journal

The Biden administration’s effort to roll out a price cap on Russian oil has hit delays, as the Treasury Department tries to ease industry concerns about the novel sanctions regime at the center of the West’s economic battle with Russia. […]


Energy, Industry Focus Areas

Shift From Fossil Fuels Leaves Market to Smaller Players

October 13, 2021

Via: The Wall Street Journal

This should be a great time for energy investors. Few of them are still around to enjoy it. Years of awful returns and pressure from clients to exit from the oil-and-gas business have left fewer and smaller firms able to […]


Energy, Industry Focus Areas

Oil Advances to Eight-Month High on Demand Optimism

November 25, 2020

Via: Transport Topics

Oil extended gains, trading at its highest level since March, on mounting optimism that recent breakthroughs on a COVID-19 vaccine will lead to a swift recovery in global energy demand next year. Futures in New York on Nov. 25 rose […]


Energy, Industry Focus Areas

Oil Clings to Rally on Signs of Coronavirus Vaccine Progress

November 18, 2020

Via: Transport Topics

Crude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build. Futures in New York climbed as much as 2.5% on Nov. 18 in sympathy with broader markets, as […]


Energy, Industry Focus Areas

Coronavirus’s Worst Impact on Oil Demand Has Passed, IEA Says

July 10, 2020

Via: The Wall Street Journal

LONDON—The worst effects of the coronavirus on global oil demand have passed but will continue to echo as the market slowly recovers in the second half of 2020, the International Energy Agency said Friday. In its closely read monthly report, […]