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
The course of the coronavirus continued to roil the oil markets last week. After a 10 percent gain since the beginning of the year, oil reversed last week as new outbreaks of the virus accompanied by recent lockdowns appeared worldwide.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices, which hit their highest in nearly a year the previous week, posted their first weekly decline of 2021 last week.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Crude futures rode a late session upswing to end 2020 higher, as the market looked to a Jan. 4th OPEC+ meeting for direction. WTI settled at $48.52, and Brent settled at $51.80.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Weekly prices declined for the first time since October, as a new coronavirus mutation spread through parts of the world and poses risks to energy demand.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices rose for a seventh straight week as efforts to pass another US virus relief package added to optimism that the vaccine’s rollout will provide a boost in demand. Futures rose 1.5 percent in New York on Friday, extending this week’s rally to over 5 percent.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil managed a small weekly gain last week as the impasse in Washington over pandemic relief dimmed chances of an imminent boost in demand.
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices rose for a fifth straight week with support from the OPEC+ deal and hopes for another round of US stimulus.