Supply Disruptions Drive Bullish Sentiment In Oil Markets
Oil markets are suffering from supply disruptions on all fronts as oil demand growth shows no signs of slowing despite high prices
Source: oilprice.com
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Oil Prices Bounce As EIA Fails To Publish Inventory Data
In the most ironic energy disruption of the year, the Energy Information Administration failed to publish its oil data report due to a power issue.
Source: oilprice.com
Natural Gas In The Limelight As Power Demand Soars
While oil markets remain very tight, natural gas markets are now making headlines due to surging power demand and continued supply disruptions
Source: oilprice.com
Oil Prices Fall On Biggest Fed Rate Hike Since 1994
In its largest hike since 1994, the Federal Reserve raised rates by three-quarters of a percentage point, or 75 basis points, with oil prices responding by drawing down just under 1%
Source: oilprice.com
Weak Chinese Demand Weighs On Oil Prices
China's continued struggle to contain Covid has hurt demand for oil in the country, with high inventories likely to hurt imports in the coming months
Source: oilprice.com