Feeding Frenzy Pushes Oil Prices Closer to $100

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Oil futures blasted to fresh seven-year highs on Friday and the price for physical delivery tore ahead of the front-month paper contract, signs that both financial markets and traders simply can’t get enough crude.

Crude Oil, Oil Futures and Derivatives, Oil Prices, Oil Supply, Oil Trade, Supply & Demand
Wanda Ad #2 (article footer)
The shallow-water producer is selling properties to W&T Offshore, but it says it won't be able to close the deal unless a court helps it settle issues with Chevron and others.
Mon, Oct 2, 2023
Turkey said crude exports via the Iraq-Turkey pipeline will resume this week, potentially bringing up to 500,000 b/d back to the market.
Mon, Oct 2, 2023
The EIA's latest Petroleum Supply Monthly shows that US crude output averaged just shy of 13 million b/d in the seventh month of the year.
Fri, Sep 29, 2023