Tag Archives: Oil

Stock market price for electricity has risen by 140% since January in Germany. Experts say energy prices are driven up by natural gas cost, which has surged by 440% since the beginning of 2021. Energy prices for households in Germany have surged only 4.7% in the first half of 2021, …

Oil, Crude, trading

Oil, Crude, trading

Oil prices fell on Wednesday (October 20th) after the Chinese government intensified its efforts to curb the record rise in coal prices and operate coal mines at full capacity to ease the energy shortage crisis. Prices of Chinese coal and other commodities fell in early trading, which in turn led …

Oil, Crude, trading

Oil, Crude, trading

U. S. Press Secretary Jen Psaki assured that the White House is continuing to press OPEC member states to address the crude oil supply issue. “I would also note that what we’re also working to address is more of a logistics issue of how we are moving supply around the …

Three sources from OPEC+ told Reuters on Monday that the alliance’s commitment to oil cuts fell slightly to 115 percent in September. The figure shows that some members are still facing production problems according to their agreed quotas due to various technical problems.

NYMEX crude prices rose during those moments from their highest levels since the beginning of October 2014, as they rose to levels of 83.73 dollars per barrel, an increase of about 1.5 percent. While the benchmark Brent crude broke the levels of 86 dollars for the first time since mid-October …

Baker Hughes data on Friday reported that the number of active U.S. rigs drilling for oil climbed by 12 to 445 this week. This data followed increases throughout the last five weeks.Active U.S. rig count, including natural gas ones, climbed by 10 to stand at a total of 543 according …