Oil prices rose on Wednesday following EIA’s report on a decline in crude stocks. Gains, however, were limited by increased gasoline inventories in the US. Hence, Brent oil edged 0.7% higher at $63.16 a barrel, while WTI crude gained 0.8% to close at $63.16 a barrel.
read more... 08/04/2021
Oil prices were bearish on Wednesday ahead of the next OPEC+ summit. Meanwhile, the market seemed to ignore the EIA’s weekly report showing a decline in US crude reserves. As a result, Brent oil ended 1% down at $63.54 a barrel and WTI crude dropped by 2.3% to $59.16 a barrel.
read more... 01/04/2021
Oil prices soared on Wednesday, lifted by concerns over the supply of black gold due to the blockage of the Suez Canal. Furthermore, a mixed sentiment over the EIA’s latest report on US crude stocks lent additional support. As a result, Brent oil gained 6% to $64.41 a barrel and WTI crude rose by 5.9% to $61.18 a barrel.
read more... 25/03/2021
Crude oil prices edged higher on Wednesday, as the EIA’s weekly report showed continued disruptions in US oil production following February’s cold wave. Hence, Brent crude rose by 0.6% to $67.90 a barrel and WTI oil was 0.7% up at $64.44 a barrel.
read more... 11/03/2021
Electrical generation by US wind and solar set new records in 2020. In fact, it was 16.7% greater in 2020 than a year earlier, according to a SUN DAY Campaign analysis of new data just released by the US Energy Information Administration (EIA).
read more... 25/02/2021