Page 13 - Tom Kool News Today

The CEO of QatarEnergy believes the company will become the largest trader of LNG in the next five to ten years

Bullish catalysts are coming together in oil markets to send oil prices higher, with OPEC+ preparing to cut production targets, the U.S. SPR release coming to an end, and new Russian sanctions coming into effect

WTI crude continues to trade below $80 per barrel, but the next OPEC+ meeting could yield a bullish surprise.

While sentiment in oil markets has been decidedly bearish of late, Russia’s escalation of its war in Ukraine and the opening up of China provide major upside potential for oil

Crude prices fell on Tuesday morning, ahead of the weekly crude inventory reports, as August inflation data came in hotter than expected

Oil prices pared some losses on Monday, with Brent gaining nearly 2% as a nuclear deal with Iran seemed to fade further away and markets refocused on Europe’s coming ban on Russian oil and tight supply fears

Bearish sentiment appears to have taken hold of oil markets, with prices set for yet another week of declines despite Russia and OPECs best efforts

Crude prices held around $90 per barrel at the beginning of the week after OPEC+ announced a tiny, symbolic output cut

Crude prices bounced on Friday, recuperating some losses as Chinas COVID lockdowns become the main narrative in oil markets again.

Italian oil major Eni has become the latest company to fall victim to a cyberattack as the sector seems particularly vulnerable to cybercrime