While the deadly earthquakes that devastated Turkiye and Syria on Feb. 6 left oil infrastructure largely undamaged, there were some problems with the Baku-Tbilisi-Ceyhan (BTC) pipeline's control room at the Turkish port of Ceyhan.
February 12, 2023
With more interest-rate hikes from central banks in the West during the week ending Feb. 3, prices for ICE Brent, NYMEX WTI, and DME Oman posted the sharpest losses in four weeks.
February 04, 2023
Early in the week ending Jan. 27, prices for ICE Brent, NYMEX WTI, and DME Oman were supported by positive sentiment related to the economic reopening of China, which was seen as boosting demand.
January 29, 2023
While the week-on-week increases as of Jan. 20 were smaller than those in the week ending Jan. 13, ICE Brent, NYMEX WTI, and DME Oman all reached highs on Jan. 20 that had not seen since Nov.
January 21, 2023
After the previous week's rout, futures prices for ICE Brent, NYMEX WTI, and DME Oman registered strong recoveries over the week ending Jan. 13.
January 16, 2023
A Reuters poll of 30 market watchers showed that price forecasts for Brent and WTI were downgraded by 4.6% and 3.4%, respectively, from projections in a Nov. survey.
January 09, 2023
Most petroleum futures prices rose over each of the weeks through Dec. 23 and Dec. 30, but the larger uptick was seen in the first week, when Winter Storm Elliott disrupted the US oil industry (as well as other sectors) with freezing temperatures and precipitation throughout large areas of the country.
January 03, 2023
While more-upbeat sentiment regarding a potential demand recovery helped to push oil futures prices higher over the week ending Dec. 16, it was not enough to recoup the rout suffered in the week ending Dec. 9.
December 19, 2022
The start of the Group of Seven Nations (G7)'s price cap on Russian crude and the EU's ban on imports of seaborne Russian oil on Dec. 5 did not offer the price support that some had earlier been anticipating.
December 13, 2022
Traders were looking ahead to the OPEC+ meeting on Dec. 4 as well as the launch of the Group of Seven Nations (G7)'s price cap on Russian crude and the EU's ban on imports of seaborne Russian oil that both begin on Dec. 5.
December 05, 2022
