Markets News

 

Markets: As Omicron Threat Fades, Oil Bulls Return

Jan 04, 2022

Portfolio investors have started to rebuild bullish positions in the oil market, reassessing earlier fears about the likely impact of the Omicron variant of coronavirus on major economies and passenger aviation in 2022.Hedge funds and other money managers purchased the equivalent of 54 million barrels in the six most important petroleum futures and options contracts in the week to Dec. 28.Funds have purchased a total of 70 million barrels over the two most recent weeks…

Oil Likely to Chalk Up Weekly Loss, Recession Fears Loom

Aug 19, 2022

Oil prices slipped on Friday after two days of gains and are heading for weekly losses as a strong dollar and worries about a global economic slowdown weigh.Brent crude futures were down 97 cents, or 1%, at $95.62 a barrel by 0826 GMT. U.S. West Texas Intermediate crude was at $89…

Oil Up on Tight Supply, But Interest Rate Hikes Weigh

Jun 17, 2022

Oil rose on Friday, supported by supply tightness and new sanctions on Iran, but prices were on track for a weekly decline amid interest rate hikes from major central banks that fuelled worries about a sharp economic slowdown.Brent crude was up $1…

U.S. Natgas up 2% on Higher Demand, Soaring Global Prices

Jun 14, 2022

U.S. natural gas futures edged up about 2% on Tuesday on record power demand in Texas, forecasts for more gas demand over the next two weeks than previously expected, a reduction in gas output, low wind power and much higher global gas prices…

What to Expect from the US Offshore Wind Market This Year

Apr 18, 2022

After many false starts, the U.S. offshore wind market is building strong roots for a solid future. But as the market develops from its current northeast and mid-Atlantic niche new opportunities and challenges arise.The U.S. offshore wind market…

Oil Slides 4% on China Virus Curbs, Climate Warning

Aug 09, 2021

Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.A United Nations…

Market Report: The Work Class ROV Market

Aug 02, 2021

Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind…

MARKETS: Hedge Funds Sell Oil

Mar 01, 2021

Hedge funds have reduced their position in petroleum futures and options for the first time in 16 weeks, the first weekly net sales since the first successful coronavirus vaccine trials were announced in early November.Hedge funds and other…

Oil Rises on Vaccine Hope, Weak Dollar

Nov 25, 2020

Oil rose for a fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.Brent crude was up 30 cents…

Current News

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Norway Will Patrol its Oil and Gas Platforms with Help from Allies

ConocoPhillips Scandinavia Raises Security Level after Drone Sightings

ConocoPhillips Scandinavia Raises Security Level after Drone Sightings

DOF Subsea Nets U.S. Gulf of Mexico Work

DOF Subsea Nets U.S. Gulf of Mexico Work

Brazil: Manati Field Output Interrupted Due to Low Gas Demand

Brazil: Manati Field Output Interrupted Due to Low Gas Demand

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