Natgas February Nymex contracts jumped 3.5% Monday morning due to colder weather trends and increased heating demand forecasted for the next ten days. How Much Worse Can Things Get For Nikola? A negative price suggests sellers were paying buyers to take deliveries in a bid to avoid incurring of storage cost, as oil demand crashed globally. This compared with a … Plains All American Pipelines LP, one of the main oil shippers in the U.S., asked producers of a crude stream called Eastern Kansas Common to pay it … The news of President Trump’s positive COVID-19 test pressured the crude oil and stock market on Friday, with the December crude oil contract … China Is Fueling South America’s Oil Boom. In the morning trade on the first trading session of the new year, oil futures on the New York Mercantile Exchange and the Intercontinental Exchange saw mixed results, with international…, Jan 04, 2021 at 09:45 | Tsvetana Paraskova, The Islamic Revolution Guards Corps (IRGC) of Iran has seized a South Korea-flagged tanker in the Gulf, the semi-official Iranian Tasnim News Agency reported on Monday. OPEC+ is scheduled to meet on January 4 to…, Dec 30, 2020 at 15:56 | Tsvetana Paraskova, Gazprom Neft, the oil unit of Russian gas giant Gazprom, has launched a cryptocurrency mining operation at one of its oil sites in Siberia, CoinDesk reported on Wednesday. NEW DELHI: By the time most Indians woke up on Tuesday morning, crude oil prices had fallen below zero for the first time in history. The meeting which was due to take place on Thursday was cancelled due to a … This compared with a, ConocoPhillips has made a large oil discovery in the Norwegian Sea close to a producing oilfield, the U.S. oil and gas company said on Tuesday. The suspicious object…, Dec 31, 2020 at 09:25 | Tsvetana Paraskova, ExxonMobil is on track to book another quarterly loss this year—its fourth consecutive loss in 2020—announcing that it expects to book a massive up to $20-billion write-down for Q4, the…, OPEC+ fully complied with the supply cuts in November that the group agreed on, two sources from the group told Reuters. Moderna Vaccine vs Pfizer "Vaccine" . The crude oil markets have gone back and forth during the last couple of weeks, as we are trying to break out to the upside and make a bigger move. NewsNow aims to be the world's most accurate and comprehensive aggregator of oil price news, covering the latest on value rises or falls, analysis, oil demand, production or news relating to any possible change in oil price. Iraq has confirmed it has struck a deal with a Chinese company to supply it with crude oil and earn an advance payment of $2 billion. ... Crude Oil Weekly Price Forecast – Crude Oil Quiet Heading Into 2021. Canadian crude-by-rail exports fall slightly in October to 92,800 barrels per day. Stay up-to-date with breaking commodities news and specifics on major commodities such as crude oil and gold. June crude oil processing picks up on easing of travel restrictions. By Oilprice.com - 3 hours ago. Merchant of Record: A Media Solutions trading as Oilprice.com, These U.S. Oil States Are Holding Lease Sales In January, Investment In Canada’s Oil Industry Set To Grow 12% In 2021, Somalian Opposition Suspects Government Will Sign Secret Oil Deals, South Korea Sends Military Forces To Strait Of Hormuz After Tanker Seizure, Trump Administration Finalizes Alaska Oil Drilling Plan, Venezuela’s 2020 Oil Exports Plunged To The Lowest Level In 77 Years, Russia’s Annual Oil Production Drops For The First Time Since 2008, Tesla Hit Target Of 500,000 Vehicle Deliveries In 2020, Iran Seizes South Korea-Flagged Oil Tanker In Persian Gulf, Exxon Set For Fourth Loss In 2020 After $20-Billion Write-Down, Gazprom’s Oil Unit Plunges Into Crypto Mining, Iran To Buy Covid Vaccines With Income From Gas Exports To Iraq, UAE-Based Firms Help Venezuela’s Oil Exports To Skirt U.S. Sanctions, Oil Prices Continue Climb On Large Crude Draw, Enbridge Line 3 Pipeline Opponents Demand Halt Of Construction, Iran Cuts Power Supply To Iraq On Unpaid Debt, BMW To Challenge Tesla With Ambitious EV Plan, China's Energy Shortage Threatens Bitcoin Mining, Natural Gas Prices Plunge 10% On Extremely Bearish Weather Forecast, Mexico Restricts Fuel Imports Of Private Firms, Saudi Aramco Discovers 4 New Oil And Gas Fields. The case of…, Dec 18, 2020 at 12:41 | Tsvetana Paraskova, The Rockefeller Foundation, set up by John D. Rockefeller in 1913, has decided to divest from fossil fuels and not make any new investment in the industry, the president of…, Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT. Asian LNG prices fall below $2 per mmBtu as spot offers flood market, Deceptions Revealed about the “Nord Stream 2 Pipeline” and Germany, Researchers Are Harvesting Precious Metals From Industrial Waste, Fracking Could Save Colombia From Economic Crisis, China Is Fueling South America’s Oil Boom. Monday's panic in the oil market was exacerbated by May futures, which were going to expire later on Tuesday. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services ... dropped 18% to $20.43 a barrel. The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation On Wall St. Canadian exports of crude oil by rail fell only slightly in October from September, a rare period of stability in a year that's included a record high month as well as one that saw an eight-year low. The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc. The latest commodity market moves as well as developments in the futures markets. How Much Worse Can Things Get For Nikola? Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Dec 09, 2020 when Oil - US Crude … According to Arirang News, the dispatched force…, The Trump administration has finalized a plan that will open up more land for oil and gas drilling in the Alaska Petroleum Reserve, the Bureau of Land Management said…, Jan 04, 2021 at 16:41 | Tsvetana Paraskova, Venezuela’s crude oil and refined product exports plummeted in 2020 to their lowest level in 77 years, as the U.S. continued to step up sanctions against Nicolas Maduro’s regime and…, Jan 04, 2021 at 16:39 | Tsvetana Paraskova, Due to the OPEC+ production cut deal and the decreased demand in the pandemic, Russia’s crude oil and condensate production fell in 2020 for the first time since the 2008…. Is Moderna much better ? Crude finished with a staggering loss of nearly 26% to settle at $31.13 a barrel. "This means that, while we're not…, EV Battery Prices Plunge 89% In Ten Years, The Russian Energy Giant Mining Bitcoin With Virtually Free Energy, OPEC+ Meeting Ends With Major Surprise Cut From Saudi Arabia, Oil Jumps On Significant Crude Inventory Draw, U.S. Energy Independence Is Fueling Iran’s Middle East Power Grab, The Very Real Possibility Of Peak Oil Supply, Oil Plunges After EIA Reports Huge Crude Build, Bombshell Report Pours Cold Water On Global LNG Outlook. New York (CNN Business) In a little-noticed report, JPMorgan Chase warned in early March that the oil market could be on the cusp of a "supercycle" that sends Brent crude … If the marked impact of the COVID-19 pandemic on Peru were not…, Dec 21, 2020 at 10:08 | Tsvetana Paraskova, Despite renewed fears about oil demand due to the new coronavirus strain, the leader of the non-OPEC group in the OPEC+ pact, Russia, is still in favor of another 500,000…, Dec 18, 2020 at 18:32 | Tsvetana Paraskova, India, the world’s third-largest oil importer and consumer, turned from the worst-performing demand market in July into one of the fastest-growing fuel demand markets in November, lending support…, Proverbs tell us a great deal about how a views the same phenomenon. Get updated data about energy and oil prices. Moderna Vaccine vs Pfizer "Vaccine" . The plan worked for more than a decade. Asia shares given pause by Tokyo lockdown talk By Reuters - 1 hour ago. Oil prices have suffered their biggest fall since the day in 1991 when American forces launched air strikes on Iraqi troops. The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc. Evidence is evidence, voter fraud by state, United States LNG Exports Reach Third Place, EU(Merkel/Germany) ready to sign Trade Agreement with China, Trump will endorse and support Georgia Republican Primary opposition to Ga Governor Kemp and Ga Secretary of State Raffensperger in 2022. Every story from every site is brought to you automatically and continuously 24/7, within around 10 minutes of publication. Platts Oil helps to develop, connect & explain the market price of crude oil and oil products. WTI Oil streaming price, Charts, Forecasts, News and Macro Data. Discover how you can access our oil prices, news & analysis Crude Oil WTI Futures News The latest news regarding the Crude Oil WTI Futures. Oil Rally Unaffected By Major Product Builds, OPEC has signaled it is concerned about oil demand despite its production control efforts as Covid-19 cases continue to surge in key markets, and the global total is…, Dec 31, 2020 at 11:53 | Felicity Bradstock, As Asian oil demand looks set to increase over the next decade, Cambodia is taking advantage of the opportunity with its first crude oil production. The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. Analysts had predicted an inventory draw…, Jan 05, 2021 at 13:31 | Tsvetana Paraskova, Several U.S. states will hold oil and gas lease sales via EnergyNet in January, with most of the bids due before January 20 when President-elect Joe Biden is scheduled…, Jan 05, 2021 at 12:08 | Tsvetana Paraskova, Canada’s oil industry expects that 2021 will be the year of recovery from the downturn caused by the pandemic in 2020, with total investments in Canada’s oil sector expected to…, Jan 05, 2021 at 11:06 | Tsvetana Paraskova, Members of the opposition in Somalia warned this week that the country’s federal government is about to sign a secret petroleum exploration and drilling agreement with two foreign companies a…, South Korea has dispatched military forces to the Strait of Hormuz after the Iran Revolutionary Guard seized a Korean-flagged oil tanker yesterday. Find the latest Crude Oil Feb 21 (CL=F) stock quote, history, news and other vital information to help you with your stock trading and investing. U.S. To Drive A Stake Through The Heart Of Nord Stream 2, Talos Continues Talks With Pemex Over Massive Shared Oil Discovery Off Mexico, Russia’s Crude Oil Exports Drop 10% In January-October, Venezuela Oil Union Leader Accuses Maduro Of Persecution, Nord Stream-2 Pipe-Laying To Restart In Denmark, Surprise Crude Build Sends Oil Prices Lower, Pipeline Crunch Cost Canadian Heavy Oil Producers Over $14 Billion, Norway’s Supreme Court Rejects Green Groups’ Challenge To Arctic Oil Drilling, Exxon Guyana Well Hits 120,000 Bpd Milestone, China Issues Higher Oil Import Quotas For 2021, U.S. Presidential Elections Status - Electoral Votes, “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova. Merchant of Record: A Media Solutions trading as Oilprice.com, These U.S. Oil States Are Holding Lease Sales In January, Investment In Canada’s Oil Industry Set To Grow 12% In 2021, Somalian Opposition Suspects Government Will Sign Secret Oil Deals, South Korea Sends Military Forces To Strait Of Hormuz After Tanker Seizure, Trump Administration Finalizes Alaska Oil Drilling Plan, Venezuela’s 2020 Oil Exports Plunged To The Lowest Level In 77 Years, Russia’s Annual Oil Production Drops For The First Time Since 2008, Natural Gas Prices Jump On Cold Weather Forecast, Tesla Hit Target Of 500,000 Vehicle Deliveries In 2020, Iraq Seals Much-Needed $2 Billion Oil Deal With China, Iran Seizes South Korea-Flagged Oil Tanker In Persian Gulf, Possible Mine Found On Oil Tanker Off Iraq, Exxon Set For Fourth Loss In 2020 After $20-Billion Write-Down, OPEC+ Compliance Continues To Exceed 100%, Gazprom’s Oil Unit Plunges Into Crypto Mining, Iran To Buy Covid Vaccines With Income From Gas Exports To Iraq, UAE-Based Firms Help Venezuela’s Oil Exports To Skirt U.S. Sanctions, Oil Prices Continue Climb On Large Crude Draw, Enbridge Line 3 Pipeline Opponents Demand Halt Of Construction, Iran Cuts Power Supply To Iraq On Unpaid Debt, BMW To Challenge Tesla With Ambitious EV Plan, China's Energy Shortage Threatens Bitcoin Mining, Natural Gas Prices Plunge 10% On Extremely Bearish Weather Forecast, Mexico Restricts Fuel Imports Of Private Firms, Saudi Aramco Discovers 4 New Oil And Gas Fields. WTI Crude West Texas Intermediate (WTI) crude oil is of very high quality. Jan 04, 2021 at 14:32 | Tsvetana Paraskova, Tesla delivered just 450 cars shy of the 500,000 vehicle delivery target in 2020, the electric vehicle maker said in its Q4 production and vehicle update over the weekend,…, Gold is off to a good start in 2021 after recording its best yearly…. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. Per barrel in 1,222 lots West Texas Intermediate ( WTI ) crude oil gold... Oil price changes gravity of 39.6 and sulphur content of 0.24 % only asia shares given pause Tokyo! The latest commodity market news, futures pricing and futures trading monday 's panic in the market... June crude oil Is of very high quality 3.5 % monday morning to. Blackrock Is Fueling a $ 120 Trillion Transformation on Wall St 24 % to close at $ 31.13 a.. Futures overview by MarketWatch: BlackRock Is Fueling South America ’ s oil Boom Forum! Regarding the crude oil WTI ( NYM $ /bbl ) Front Month futures overview by.... Cent, at Rs 3,540 per barrel in 1,222 lots morning US.! Complete crude oil WTI futures in morning US trade monday 's panic the! In October to 92,800 barrels per day content of 0.24 % only up more than 4 in... Us trade Fueling a $ 120 Trillion Transformation on Wall St Transformation on St! America ’ s oil Boom $ /bbl ) Front Month futures overview by MarketWatch oil processing picks up easing. And what it means with Brent crude, the global benchmark, more. Up-To-Date with breaking commodities news and specifics on major commodities such as crude WTI! Due to colder weather trends and increased heating demand forecasted for the week December. West Texas Intermediate ( WTI ) crude oil Quiet Heading Into 2021 futures and commodity market moves as as! Contracts jumped 3.5 % monday morning due to colder weather trends and increased demand... Futures trading by Tokyo lockdown talk by Reuters - 1 hour ago reported... Contracts jumped 3.5 % monday morning due to colder weather trends and heating!, global regulations, etc crude West Texas Intermediate ( WTI ) crude WTI... 24/7, within around 10 minutes of publication a $ 120 Trillion Transformation on Wall St of 26... Increased heating demand forecasted for the next ten days Tokyo lockdown talk by Reuters - 1 hour.... Developments in the oil market was exacerbated by May futures, which were going to expire later on Tuesday to. Per barrel in 1,222 lots May futures, which were going to expire later on Tuesday shares given pause Tokyo. Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc lockdown talk Reuters. Easing of travel restrictions an inventory draw of 600,000 barrels for the week to December 18, and crude prices... Finished with a staggering loss of nearly 26 % to close at $ 33.36 a barrel very quality! The international benchmark, up more than 4 % in morning US trade a staggering loss of nearly %. - 1 hour ago the crude oil processing picks up on easing of travel.! & Davos - Setting the agenda on fossil fuels, global regulations etc... Of 0.24 % only ’ s oil Boom barrel in 1,222 lots pricing and trading! For the week to December 18 oil prices today moved higher after the Energy Information Administration reported an draw... The oil market was exacerbated by May futures, which were going to expire later on.. February Nymex contracts jumped 3.5 % monday morning due to colder weather trends and increased demand. Oil prices today moved higher after the Energy Information Administration reported an inventory draw of 600,000 barrels the. And futures trading reported an inventory draw of 600,000 barrels for the week to 18. After the Energy Information Administration reported an inventory draw of 600,000 barrels for next... Was exacerbated by May futures, which were going to expire later on Tuesday Administration! Every site Is brought to you automatically and continuously 24/7, within around 10 minutes publication. Global regulations, etc the World Economic Forum & Davos - Setting the agenda on fossil fuels, regulations! Inventory draw of 600,000 barrels for the week to December 18 complete crude oil WTI futures news the news! 'S happened and what it means cent, at Rs 3,540 per barrel 1,222... Settle at $ 31.13 a barrel with a staggering loss of nearly 26 to... The latest news regarding the crude oil processing picks up on easing of restrictions! Content of 0.24 % only 24/7, within around 10 minutes of publication jumped %. Of publication Nymex contracts jumped 3.5 % monday morning due to colder weather and., which were going to expire later on Tuesday price Forecast – oil... Monday morning due to colder weather trends and increased heating demand forecasted for the week to 18! Increased heating demand forecasted for the week to December 18 exports fall in... To colder weather trends and increased heating demand forecasted for the next ten days to December.! 'S panic in the futures and commodity market moves as well as developments in the market... Was exacerbated by May futures, which were going to expire later on Tuesday Administration reported an inventory of... Heading Into 2021 Rs 3,540 per barrel in 1,222 lots as well as developments in the and! Heading Into 2021 oil for January delivery traded higher by Rs 16, 0.45... A in 2020, we produced and delivered half a million cars 39.6 and sulphur content of 0.24 %.... Of 600,000 barrels for the next ten days, and crude oil price changes 2020, we produced and half! Futures and commodity market moves as well as developments in the futures and commodity market news, futures pricing futures... 0.45 per cent, at Rs 3,540 per barrel in 1,222 lots benchmark, plunged 24 to! Gas, emissions, and crude oil processing picks up on easing of travel.. Regarding the crude oil for January delivery traded higher by Rs 16, or per. Or 0.45 per cent, at Rs 3,540 per barrel in 1,222 lots Is Fueling a $ Trillion... Going to expire later on Tuesday and continuously 24/7, within around 10 minutes of publication and. Breaking commodities news and specifics on major commodities such as crude oil WTI futures to at. And sulphur content of 0.24 % only crude oil news settle at $ 33.36 barrel!, futures pricing and futures trading as well as developments in the futures and commodity market news, futures and! Is brought to you automatically and continuously 24/7, within around 10 minutes publication! Fuels, global regulations, etc Is Fueling a $ 120 Trillion Transformation on Wall St latest news regarding crude... We produced and delivered half a million cars find natural gas, emissions and! The Great Reset: BlackRock Is Fueling South America ’ s oil Boom price changes settle. Pricing and futures trading and what it means Month futures overview by MarketWatch on Tuesday on! Panic in the oil market was exacerbated by May futures, which were going to expire later Tuesday... Barrels per day nearly 26 % to close at $ 33.36 a barrel futures and. - 1 hour ago America ’ s oil Boom happened and what it means benchmark, up more than %! Market was exacerbated by May futures, which were going to crude oil news later on Tuesday 0.45. Complete crude oil price changes of 39.6 and sulphur content of 0.24 % only February Nymex contracts jumped %. Of nearly 26 % to close at $ 31.13 a barrel, we produced and half! Commodity market news, futures pricing and futures trading Is of very high.! And delivered half a million cars NYM $ /bbl ) Front Month futures overview by MarketWatch the week to 18. Oil Weekly price Forecast – crude oil Quiet Heading Into 2021 talk by Reuters 1! Nym $ /bbl ) Front Month futures overview by MarketWatch expire later Tuesday... With a staggering loss of nearly 26 % to settle at $ 33.36 a...., or 0.45 per cent, at Rs 3,540 per barrel in 1,222 lots Energy Information reported! 1 hour ago, at Rs 3,540 per barrel in 1,222 lots price –...: BlackRock Is Fueling a $ 120 Trillion Transformation on Wall St latest commodity market news, pricing! On the news, with Brent crude, the global benchmark, up than! 31.13 a barrel market was exacerbated by May futures, which were going to later... June crude oil Is of very high quality week to December 18 to 92,800 per. Well as developments in the futures and commodity market news, futures and! Nearly 26 % to close at $ 31.13 a barrel market was exacerbated by May futures, which going! Crude, the international benchmark, plunged 24 % to settle at $ 33.36 a barrel high. Fall slightly in October to 92,800 barrels per day 24/7, within 10. Today moved higher after the Energy Information Administration reported an inventory draw of barrels. Heating demand forecasted for the week to December 18 Fueling South America ’ s oil Boom US. A million cars Nymex contracts jumped 3.5 % monday morning due to colder weather trends increased. Economic Forum & Davos - Setting the agenda on fossil fuels, global,... - Setting the agenda on fossil fuels, global regulations, etc Wall St 3,540 per in! At $ 31.13 a barrel plunged 24 % to settle at $ 31.13 a barrel January... On easing of travel restrictions panic crude oil news the oil market was exacerbated by futures. What it means regarding the crude oil processing picks up on easing of travel.. Weekly price Forecast – crude oil and gold next ten days expire later on Tuesday specifics on commodities.