Page 9 - Tom Kool News Today

Europe’s benchmark natural gas prices extended losses on Monday and began a sixth week of declines amid comfortable inventories and tepid gas demand in Europe and Asia

Oil prices continued to sell off on Tuesday morning, with WTI losing more than 3.5% after Chinas PMI data for April came in lower than expected

The output of grades that have traditionally made up the Brent benchmark has fallen over time, and the inclusion of WTI Midland crude to the benchmark will change the oil market forever

Oil prices are set to rise toward $90 per barrel by the end of this year, driven by Chinese demand and a tightening market following OPEC+’s latest production cuts

RASHID HUSAIN SYED: World oil markets and demand are significantly weaker than widely perceived, according to Ritterbusch and Associates

Russian oil exports continued to average 3.4 million barrels per day in the week through April 21.

Despite all the talk about phasing out oil and gas, and a ‘just transition’, government reports show that the Canadian oil and gas sector is short tens of thousands of workers

ExxonMobil has decided to withdraw as of May 31 from a joint venture operating agreement for an oil and gas field in Colombia

Oil prices are not going anywhere near $100 per barrel despite the latest round of production cuts according to Citigroup’s Ed Morse

The U.S. banking crisis has sparked an extreme reaction in oil markets, and the herd mentality which led to the major sell off may now lead to an aggressive rebound