Brent crude

U.S. oil producers remained active through January, with output last week holding at a pandemic-era high as it did across the month and in late 2022. The U.S. Energy Information Administration (EIA) said Wednesday production for the period ended Jan. 27 stood at 12.2 million b/d – on par with the prior week and the…

Experienced commodity professionals, upon encountering the LNG market for the first time, will often note the lack of a globally recognized liquefied natural gas price benchmark.

Domestic crude production held even last week as demand dipped slightly and inventories edged up, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. exploration and production (E&P) companies kept output for the week ended Oct. 21 at 12.0 million b/d, flat with the prior week and roughly in line with the level maintained through…

Global crude oil prices are on track to average $108/bbl in the second quarter and $102 in the second half of 2022 as Russia’s invasion of Ukraine roils energy markets, according to updated projections from the Energy Information Administration (EIA). Brent crude oil prices averaged $117 in March, a $20 increase from February, EIA said…

Brent crude oil prices will average $116/bbl in the second quarter, and Henry Hub spot natural gas prices will average $3.83/MMBtu over the same period, though events in Ukraine have clouded the outlook, the Energy Information Administration (EIA) said in updated projections published Tuesday. In the March edition of its Short-Term Energy Outlook (STEO), the…

With demand rising in the United States and forecasts calling for robust increases in crude consumption globally through 2022, more analysts are betting that oil prices this year could exceed $100/bbl. Bank of America (BofA) and Morgan Stanley analysts both said they expect Brent crude, the international benchmark, to reach triple digits in 2022, as…

Even as the Omicron variant of the coronavirus spreads rapidly and threatens to at least stall travel and economic activity, forecasters are sticking to bullish expectations for demand in the year ahead while eyeing potential supply challenges. Brent crude, the international benchmark for oil prices, eclipsed $88/bbl in Wednesday trading, reaching a high last seen…