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PetrolFXStreet News

WTI Price Forecast: Flattens above $102 but looks on track to revisit three-year high

West Texas Intermediate (WTI), futures on NYMEX, trades calmly around $102.25 during the European trading session on Friday. The Oil price has turned flat after an almost two-week-long rally hit a pause near $107.35 on Thursday.

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PetrolFXStreet News

EUR/GBP: Confusing picture on BoE communication – ING

ING’s Chris Turner describes Sterling price action as confusing after the Bank of England’s latest communication. While he sees the BoE laying groundwork for a June hike, some investors interpreted the message as dovish, possibly due to oil-driven declines in GBP rates.

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PetrolFXStreet News

Canadian Dollar stands firm on elevated Oil prices; USD/CAD struggles below 1.3600

The USD/CAD pair extends its sideways consolidative price move through the first half of the European session and currently trades around the 1.3575-1.3570 region, or its lowest level since March 11.

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PetrolOilPrice.com

Oil Prices Set for Another Weekly Gain as Supply Shock Deepens

Crude oil prices may have retreated from the highs reached on Thursday, but they are still set for a strong weekly gain. At the time of writing, Brent crude was trading at 112.10 per barrel, and West Texas Intermediate was trading at 106.30, with the gap between the two benchmarks shrinking once aga

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PetrolOilPrice.com

Woodside Struggles to Secure Buyers for U.S. LNG as Pricing Backfires

Australia’s Woodside Energy is having trouble finding buyers for the liquefied natural gas it produces at its Louisiana LNG plant, Reuters has reported, citing unnamed sources. The reason is that Woodside is asking for higher liquefaction fees than other LNG exporters in the United States. Citing it

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PetrolFXStreet News

WTI retreats below $102.50 on stronger US Dollar, Iran conflict risks curb further losses

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $102.40 during the early European trading hours on Friday. The WTI price edges lower amid a stronger US Dollar (USD).

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PetrolPetrol haberleri

Kulis Bilgileri Doğrulandı: Petrolpiyasasi.com’un Duyurduğu Devir Teslim Gerçekleşti !

Akaryakıt sektöründe Günlerdir konuşulan, Petrolpiyasasi.com olarak daha önce kulis bilgisi olarak paylaştığımız ve okurlarımızla anketini gerçekleştirdiğimiz dev satış süreci resmiyet kazandı. Küresel enerji devlerinden BB Energy, Türkiye’deki dağıtım kolu olan Hypco Türkiye’nin CUSTOS’a (CGA FZCO)

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PetrolOilPrice.com

Indian Oil Raises LPG and Jet Fuel Prices

Indian Oil Co. has hiked the price of liquefied petroleum gas for local industrial users and the price of jet fuel, but only for foreign airlines, Reuters has reported, citing a company statement. LPG prices for household consumers were kept unchanged. For industrial consumers, however, LPG will be

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PetrolFXStreet News

Canadian Dollar sits near its highest level since March 11 vs USD amid elevated Oil prices

The USD/CAD pair enters a bearish consolidation phase after touching a fresh low since March 11 during the Asian session on Friday, and currently trades around the 1.3575 region. Nevertheless, spot prices remain on track to register losses for the fourth straight week.

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PetrolFXStreet News

WTI rises to near $102.50 amid rising supply concerns from Middle East

West Texas Intermediate (WTI) oil price inches higher after registering 2.7% losses in the previous day, trading around $102.40 per barrel during the Asian hours on Friday.

WTI
PetrolOilPrice.com

UAE Break With OPEC Puts African Crude Exports At Risk

A couple of days ago, the United Arab Emirates announced that it will formally leave OPEC on May 1, with the Middle East oil giant becoming the latest country to cut ties with the organization in recent years. The UAE is among the world’s leading oil producers and OPEC’s third-largest, trailing only

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PetrolOilPrice.com

Middle East Crisis Accelerates Asia’s Electrification Drive

Asia’s first knee-jerk reaction to the shock loss of crude supply from the Middle East was to fire up coal power plants, save fuel, and scour the global markets for alternative oil deliveries. While the Iran war and the Strait of Hormuz crisis prompted immediate measures to reduce oil and gas consum

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PetrolOilPrice.com

Chinese Researchers Test New Low-Cost Battery

With oil and gas supply in a crunch, demand for alternatives has surged over the past two months. Analysts expect wind and solar to explode as countries seek to reduce their dependence on hydrocarbons that are now in short supply. For that to stand a chance of working, however, it needs one more thi

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