Oil rises almost 1%

Serinus Energy, an international oil company with operations in Romania and Tunisia, has announced its Annual Financial Results for 2022  Production for the year averaged 889 boe/d. The company generated net income of US$1.6mn, which includes a US$1.9mn

Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse eased worries about global banking sector risks that could hit economic growth and fuel demand. After jitters

Oil prices firmed on Friday after a meeting between Saudi Arabia and Russia calmed markets amid strong China demand expectations, but were headed for their biggest weekly falls since December as a banking crisis rocked global financial and

The oil price has entered a very favorable seasonal cycle. The first chart is that of the monthly oil price histogram. The histogram shows the monthly expected return. Note that oil is in the most favorable seasonal period.

Polish oil and gas company Serinus Energy, controlled by an investment fund of billionaire Sebastian Kulczyk, announced that its former partner in the Satu Mare Concession in Romania, Oilfield Exploration Business Solutions (OEBS), was ruled by an arbitral

Oil prices rose on Monday amid optimism over China’s demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place. Brent crude rose 70 cents, or 0.8%, to $83.70 a

Crude oil prices rose in Asian pre-noon trade today after OPEC and the International Energy Agency raised their demand forecasts for the year, shaking off EIA’s latest weekly inventory report that estimated a large inventory build in the

Oil prices were broadly steady on Thursday as the prospect of higher fuel demand in China as it reopens post-COVID curbs was offset by fears that U.S. crude stocks hitting their highest for months may signal weakening demand in the

Oil prices inched up on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery in China, the world’s

Oil prices climbed on Wednesday underpinned by a weaker dollar, which fell on signs of slowing inflation in the United States, easing fears that the world’s largest oil user may face a recession because of further interest rate hikes. Brent crude futures

Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by hopes of a fuel demand recovery from top importer China. Brent crude was down 30

Oil prices rose on Wednesday to their highest since early December on optimism that the lifting of China’s strict COVID-19 curbs will lead to a fuel demand recovery in the world’s top oil importer. Brent crude futures were up

Oil prices will spring back above $100 a barrel in 2023 as tight supply meets growing demand, the political research and consultancy firm Eurasia Group said in its list of top risks this year.  That would represent a 28%

Crude oil prices began the week with gains after China reopened its borders, spurring optimism that the country was indeed coming out of its Covid-related self-isolation. This optimism pushed both Brent crude and West Texas Intermediate up by more than a percentage point in

Oil rebounded on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support, though economic concerns capped gains. Big declines in the

The price of oil rose $1 (83 pence) on Friday in expectation of a fall in supply of Russian crude. This has helped to assuage fears of a hit to demand in the US due to an Arctic storm affecting transport in