Steve Andrews
Steve Andrews is a retired energy consultant and a contributing editor for Peak Oil Review. He is co-founder of ASPO-USA.
Steve Andrews is a retired energy consultant and a contributing editor for Peak Oil Review. He is co-founder of ASPO-USA.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Last week, oil prices saw their biggest weekly gain since early March as signs emerged of a recovery from the pandemic gaining traction in the US and China.
By Tom Whipple, Steve Andrews, The Energy Bulletin
The markets posted their worst week since mid-March amid concerns that rising global coronavirus cases slowed economic recovery.
By Tom Whipple, Steve Andrews, The Energy Bulletin
West Texas Intermediate and Brent crude futures posted solid increases on Thursday after OPEC+ decided to increase production slowly.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices were volatile last week as the grounding of the “Ever Given” container ship in the Suez Canal set off a chain of events that wreaked havoc on global trade.
By Tom Whipple, Steve Andrews, The Energy Bulletin
On Thursday, prices suffered their biggest weekly fall since October as signs of flagging demand in key markets halted a strong rally.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices settled near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Futures rallied to the highest in nearly two years in New York after OPEC+ shocked markets with a decision to keep supply limited as the global economy starts to recover from a pandemic-driven slump.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Crude oil futures finished the week sharply lower as a stronger dollar and expectations of rising global supply pulled prices off a 13-month high of over $67 a barrel, seen earlier last week.