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Oil & Gas
Rex International subsidiary acquires 40% stake in two North Sea licenses with two discoveries
The licenses come with the Iving and Evra discoveries and are located in the Utsira High area.
April 18, 2022
Oil & Gas
Oil advances after slumping on back of IEA reserve release plan
West Texas Intermediate rose past US$97 ($131.89) a barrel after retreating by more than US$5 on Wednesday.
April 07, 2022
Oil & Gas
Singapore raises power tariffs by 10%, adding to price pressures
Significantly higher crude oil and gas prices in the first quarter of this year prompted the tariff increase, says SP Group.
April 01, 2022
Oil & Gas
Biden orders record oil release from US reserve to tame prices
Biden will order as much as 180 million barrels released from US reserves over the next several months.
March 31, 2022
Oil & Gas
Oil surges as Ukraine war tightens supply, tensions in the Middle East rise
Oil surged for a third day as the war in Ukraine neared the end of its first month with no conclusion in sight.
March 21, 2022
Oil & Gas
Higher oil and food prices weigh on India's outlook
Putin’s invasion of Ukraine has altered the market’s near-term risk/reward dynamics.
March 17, 2022
Oil & Gas
Why US$100 for a barrel of oil could be bad for the energy transition
For now, the big question for oil markets is what happens in Ukraine.
March 03, 2022
Oil & Gas
Banks' exposure to commodity trading houses are likely to be limited
Reports indicate that commodity trading houses are getting margin calls. Their banks are European with a few exceptions
October 11, 2021
Oil & Gas
Top Traders Gunvor, Mercuria Squeezed by Soaring Gas Markets and Seek Cash
Commodity traders Gunvor and Mercuria could be squeezed by rising gas prices and margin calls
October 11, 2021
Oil & Gas
J P Morgan strategist who nailed energy surge says rally not over
The case for prolonged outperformance is now in place for the energy sector.
October 08, 2021