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Oil prices

Oil rose more than 3% toward $64 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington. Read more

Commodities

US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year. Read more

Refining & Petrochemical Processing

Oil rose towards $69 a barrel on Friday after two sessions of losses but remained on track for its biggest weekly drop of the year. Read more

Commodities

Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States. Read more

Commodities

Oil prices were on track Friday for weekly declines as surging U.S. output countered production losses in sanctions-hit Iran and Venezuela. Read more

Commodities

An expected increase in U.S. oil exports could weigh on oil prices towards the end of the year. Read more

Refining & Petrochemical Processing

Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Read more

Commodities

Brent crude oil averaged $72 per barrel (b) in 2018, nearly $17/b more than the average price for Brent in 2017. Read more

Commodities

U.S. regular retail gasoline prices averaged $2.72 per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. Read more

Natural Gas/LNG

Oil prices edged lower in choppy trade on Thursday, pressured by concerns about slowing global economic growth that could dent demand for crude but drawing support from signs of output cuts by Saudi Arabia. Read more

Commodities

After increasing 25% from January through the beginning of October in 2018, the spot energy index in the S&P Goldman Sachs Commodity Index (GSCI) ended the year 21% lower than at the beginning of the year. Read more

Commodities

Oil prices fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices. Read more

Drilling & Exploration

Oil prices steadied on Tuesday, depressed by record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Read more

Commodities

Oil prices dropped sharply, snapping a four-day winning streak amid concerns about rising global supplies as OPEC weighs a possible cut in production. Read more

Commodities

As the U.S. becomes the largest energy producer in the world with Texas leading production, it has created the biggest challenge the energy industry has seen in a generation. Read more

Commodities

Oil prices steadied on Thursday, having lost nearly 7 percent over the previous three days, but concern over the prospect of an oversupplied market next year remained in spite of OPEC’s message that it may cut crude output. Read more

Commodities

Oil prices rose on growing evidence of falling crude exports from Iran, OPEC’s third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico because of Hurricane Michael. Read more

Commodities

Crude futures steadied after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports. Read more

Commodities

As a result of record-high temperatures and fuel supply constraints this summer, wholesale electricity prices in the western United States reached their highest levels since 2008. Read more

Power Generation

Oil prices rose on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despite efforts by Washington to get other producers to increase output. Read more

Drilling & Exploration

Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last year’s price of $2.40/gal before the holiday weekend. Read more

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