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Energy News

This regularly updated section will explore the intricacies of the oil and gas industry from various vantage points. If you would like more specific information about Magna Resources, please Contact Us.

 

Oil Rallies With Focus on Stockpile Draw, Ukraine

https://energynow.com/2022/01/oil-rallies-with-focus-on-stockpile-draw-ukraine/?source=de&wtv=rrust@magna-resources.com

 

Wall Street Is Making More $100 Oil Calls on Tightening Supply

https://energynow.com/2022/01/wall-street-is-making-more-100-oil-calls-on-tightening-supply/?source=de&wtv=rrust@magna-resources.com

 

Traders Bet That Oil at $100 Is a Question of When, Not If

https://energynow.com/2022/01/traders-bet-that-oil-at-100-is-a-question-of-when-not-if/?source=de&wtv=rrust@magna-resources.com

 

Oil Hits Fresh Seven-Year High as IEA Turns Bullish on Outlook

https://energynow.com/2022/01/oil-hits-fresh-seven-year-high-as-iea-turns-bullish-on-outlook/?source=de&wtv=rrust@magna-resources.com

 

JP Morgan Sees OPEC Spare Capacity Falling Through 2022 - Oil Prices Rising Sharply

https://energynow.com/2022/01/jp-morgan-sees-opec-spare-capacity-falling-through-2022-oil-prices-rising-sharply/?source=de&wtv=rrust@magna-resources.com

 

Oil Prices Could Hit $100 As Demand Outstrips Supply

https://energynow.com/2022/01/oil-prices-could-hit-100-as-demand-outstrips-supply/?source=de&wtv=rrust@magna-resources.com

 

Oil Steady After Rally as Mild Omicron Hit Lets Market Tighten

https://energynow.com/2022/01/oil-steady-after-rally-as-mild-omicron-hit-lets-market-tighten/?source=de&wtv=rrust@magna-resources.com

 

Oil Trades at Two-Month High With Agencies Seeing Tighter Market

https://energynow.com/2022/01/oil-trades-at-two-month-high-with-agencies-seeing-tighter-market/?source=de&wtv=rrust@magna-resources.com

 

Oil Inventories fall by 1M Barrels Last Week, Gas Stockpiles Jump: API

https://www.investing.com/news/commodities-news/oil-inventories-fall-by-1m-barrels-last-week-gas-stockpiles-jump-api-2736302

 

BP Says Oil Demand Is Back Above 100 Million Barrels a Day

https://energynow.com/2021/11/bp-says-oil-demand-is-back-above-100-million-barrels-a-day/?source=de&wtv=rrust@magna-resources.com

 

Oil Climbs Above $83 With U.S. Supplies Tightening

https://energynow.com/2021/10/oil-climbs-above-83-in-new-york-with-u-s-supplies-tightening/?source=de&wtv=rrust@magna-resources.com

 

Oil Touches Multiyear Highs Energy Crunch Intensifying

https://energynow.com/2021/10/oil-touches-multiyear-highs-with-energy-crunch-intensifying/?source=de&wtv=rrust@magna-resources.com

 

Oil Surges Past $80 With Global Power Crises Set to Boost Demand

https://energynow.com/2021/10/oil-surges-past-80-with-global-power-crisis-set-to-boost-demand/?source=de&wtv=rrust@magna-resources.com

 

Iraqi Oil Minister Deems Oil at $75-$80 a Barrel Fair to Producers and Consumers

https://www.hellenicshippingnews.com/iraqi-oil-min-deems-oil-at-75-80-a-barrel-fair-to-producers-and-consumers/

 

U.S. Worried Energy Supply Not Meeting Demand, Top Biden Advisor Says

https://energynow.com/2021/10/u-s-worried-energy-supply-not-meeting-demand-top-biden-adviser-says/?source=de&wtv=rrust@magna-resources.com

 

Oil Ends Week Surging to $80 as Global Energy Crisis THreatens Supplies

https://energynow.com/2021/10/oil-heading-for-seventh-weekly-gain-with-wti-nearing-80/?source=de&wtv=rrust@magna-resources.com

 

Crude Oil Prices Expected To Continue Rising

http://wilmingtonjournal.com/crude-oil-prices-expected-to-continue-rising/?utm_source=rss&utm_medium=rss&utm_campaign=crude-oil-prices-expected-to-continue-rising

 

Oil Likely to Hit $100 a Barrel, Says Top Trader

https://www.hartenergy.com/exclusives/oil-likely-hit-100-barrel-say-top-traders-194666?mkt_tok=NDMzLU9ESy04ODkAAAF9tWMDslhCdmxhpHdFHjpONG8yWHu_A7XPnKJMNmjc92TFrK-FqPieB_Rs7PxrsaCk63c90TEHF0rCSaRzNY84bV9-FGYv6KpT8TyYL4uUTCU

 

US Crude Oil Stockpiles Drop Sharply: Report

https://www.hartenergy.com/exclusives/us-crude-oil-stockpiles-drop-sharply-report-194672?mkt_tok=NDMzLU9ESy04ODkAAAF9tWMDskXDI14PbcWwbRwTOPwMW0P9NJaitFhWw4032KEuq1kFAzXEtMCZJrum7y8tIXQrErLvVbZ-mHWpoFQL-u7IkZzZYktBO2vAvVDRJpA

 

Oil Climbs Near Highest Since 2018 With More Iran Talks Expected

https://energynow.com/2021/06/oil-climbs-near-highest-since-2018-with-more-iran-talks-expected/?source=de&wtv=rrust@magna-resources.com

 

Key WTI Spread Signals U.S. Oil Squeeze Heading Into Summer

https://energynow.com/2021/05/key-wti-spread-signals-u-s-oil-squeeze-heading-into-summer/?source=de&wtv=rrust@magna-resources.com

 

Oil Prices Up Sharply as U.S. Official raises Doubt That Iran Will Comply With Nuclear Commitments

https://www.msn.com/en-us/money/markets/oil-prices-climb-as-u-s-official-reportedly-raises-doubt-that-iran-will-comply-with-nuclear-commitments/ar-AAKkjp1?ocid=oie8dlpg

 

Oil Prices on Track for Highest Finish Since March, Bouyed by Trader Optimism Over the Demand

https://www.msn.com/en-us/money/markets/oil-prices-on-track-for-highest-finish-since-march-buoyed-by-trader-optimism-over-the-demand-outlook/ar-BB1gOSdy

 

IEA: Oil Demand Recovery Outpacing Growth in Supply

https://www.hartenergy.com/news/iea-oil-demand-recovery-outpacing-growth-supply-194045?mkt_tok=NDMzLU9ESy04ODkAAAF9ASSXW_joK23958-DuXAxXMj0z95Q2Rs0TdzvU0afpx0ZCenkfQPkpecoUaH4DLN_lpBqcZirVk2UgUC63Z665Q4_k1PsLWJzFr6iWxfQnA8

 

U.S. Oil Prices Turned Negative a Year Ago Today. Analysts Now See It Rising 20% to Above $75 as Countries Plot a Return to Normality

https://www.msn.com/en-us/money/markets/the-us-oil-price-turned-negative-a-year-ago-today-analysts-now-sees-it-rising-20percent-to-above-dollar75-as-countries-plot-a-return-to-normality/ar-BB1fRlxA?ocid=oie8dlpg&li=BBnbfcL

 

U.S. House Panel Advances Bill Allowing Antitrust Suits Against OPEC

https://www.msn.com/en-us/money/markets/bill-to-pressure-opec-oil-producer-group-passes-us-house-panel-future-uncertain/ar-BB1fR9SE?ocid=oie8dlpg&li=BBnb7Kz

 

Oil Prices Rise on Weaker Dollar, Likely Drawndown in U.S. Stocks

https://www.msn.com/en-us/money/markets/oil-prices-rise-on-weaker-dollar-likely-drawdown-in-us-stocks/ar-BB1fPHwz?ocid=oie8dlpg&li=BBnb7Kz

 

Oil Prices Went Negative a Year Ago: Here's What Traders Have Learned Since

https://www.msn.com/en-us/money/markets/oil-edges-higher-with-weaker-dollar-amid-mixed-demand-outlook/ar-BB1fNvPg?ocid=oie8dlpg&li=BBnb7Kz&pfr=1

 

Oil Edges Higher With Weaker Doller Amid Mixed Demand Outlook

https://www.msn.com/en-us/money/markets/oil-edges-higher-with-weaker-dollar-amid-mixed-demand-outlook/ar-BB1fNvPg?ocid=oie8dlpg&li=BBnb7Kz&pfr=1

 

Oil Prices Gain as Traders Mull Demand Cues, Supply Propsects

https://www.msn.com/en-us/money/markets/oil-prices-gain-as-traders-mull-demand-cues-supply-prospects/ar-BB1fOoeE?ocid=oie8dlpg&li=BBnb7Kz

 

Historic Oil Glut Amassed During the Pandemix Has Almost Gone

https://www.msn.com/en-us/money/markets/historic-oil-glut-amassed-during-the-pandemic-has-almost-gone/ar-BB1fM3Lx?ocid=oie8dlpg&li=BBnb7Kz

 

Oil Prices Hit One-month High as IEA, OPEC Raise Forcasts

https://www.hartenergy.com/exclusives/oil-prices-hit-one-month-high-iea-opec-raise-forecasts-193545?mkt_tok=NDMzLU9ESy04ODkAAAF8c_PDEXZHmtXrO0Iz8NtqojM-Ch6nfBkITEbaFRsOXkMlpS3JIQ1skoKoEWITdo8gVqKuLrXZ4Y2OtuN8OfWPtMbHeLya4vQ26d5ezeEEHO0

 

U.S. Oil Prices Top $60 a Barrel on Hints of an Uptick in Demand

https://www.msn.com/en-us/money/markets/oil-prices-get-a-lift-from-china-data-as-opec-report-suggests-an-uptick-in-demand/ar-BB1fBAPn?ocid=oie8dlpg&li=BBnbfcL&pfr=1

 

Robust Chinese Demand Fuels Oil Market Recovery

https://oilprice.com/Energy/Crude-Oil/Robust-Chinese-Demand-Fuels-Oil-Market-Recovery.html

 

Crude Oil Rises Above $43 Per Barrel on Improved Demand

https://investorsking.com/crude-oil-rises-above-43-per-barrel-on-improved-demand/

 

$190 oil sounds crazy. But JPMorgan thinks it's possible even after pandemic

https://www.msn.com/en-us/money/markets/dollar190-oil-sounds-crazy-but-jpmorgan-thinks-its-possible-even-after-the-pandemic/ar-BB15FZGy?li=BBnbfcN

 

Saudi, Russia Reach Deal on Oil Cuts

https://www.hartenergy.com/news/saudi-russia-reach-deal-oil-cuts-187913?mkt_tok=eyJpIjoiWkdKbVpHVTNaV00zTjJFeiIsInQiOiJNOTV4VmxjM1wvcUdweWQyM3lZVk9ZVkpocjNJdUppRFwvcktoTkZWRTlKMDZzdFF4cGxYXC9qTFcrRVhCUUxnU1ZRSVcxU2MzNXkrMXJrdzZhTDNUU2dQWlhDRWM2QWFnNzh1ZVNQSEdKN21kZWh6bGttaGJ0WXhDcVdsV2pBcmc1SiJ9

 

OPEC, Russia Discuss Extending Oil Cuts for 1-2 Months

https://www.hartenergy.com/news/opec-russia-discuss-extending-oil-cuts-1-2-months-187859?mkt_tok=eyJpIjoiTkdZME9ERXhOekJoTVROaCIsInQiOiJIZ3lsY2ZVbHo0emJXQlRmc0tSbjdYRXRtWTFGYzVIenpGRkJPR0Zlb3dLa2xpZmVqdmxGOW0yZzZrXC9SMjBBVXdLdzlFU2JVYmpkMG9PM09mXC9KZmZ5U1NzXC91eEppcmNVRG1kNEpmQkpxbmFPYlBmZDhYbnEwVmxcL25qZFd6MW8ifQ%3D%3D

 

Demand Rise, Output Cuts Could Mean Oil Market Balance in June

https://www.hartenergy.com/news/demand-rise-output-cuts-could-mean-oil-market-balance-june-187717?mkt_tok=eyJpIjoiWVRaall6QmpNelpoTkdKbCIsInQiOiIwaGtXejBWeVZvczg0U3hRZmkraHhIWkxJSW8zWmNrb3E2Tyt4WFdWTE5FTm5Bc0pYU1VBNlwvQXB6VlVodEZ1UFdvQlFLTktsUnFtM2VFeExqc2huVktsR2w4cm5Fcm5cL2c4aWpwZXFHUXErREpKTnB5WWNWNGxKMmZPdE5UZlJpIn0%3D

 

   Baker Hughes: U.S. rig count falls to lowest on record since 1987

https://pboilandgasmagazine.com/baker-hughes-u-s-rig-count-falls-to-lowest-on-record-since-1987/?utm_source=Oil+%26+Gas+Newsletter&utm_campaign=70d011c005-EMAIL_CAMPAIGN_2018_07_05_06_55_COPY_01&utm_medium=email&utm_term=0_59befaec6c-70d011c005-90311033

 

   Oil Continues to Rise With Demand Rebound Lifting Prices

https://energynow.com/2020/05/oil-continues-to-rise-with-demand-rebound-lifting-prices/?source=de&wtv=rrust@magna-resources.com

 

   Chinese Oil Demand Is Almost Back to Pre-Virus Crisis Levels

https://energynow.com/2020/05/chinese-oil-demand-is-almost-back-to-pre-virus-crisis-levels/?source=de&wtv=rrust@magna-resources.com

 

CEO of Top US Shale Producer Sees Oil Price Recovery Continuing

https://www.hartenergy.com/news/ceo-top-us-shale-producer-sees-oil-price-recovery-continuing-187470?kt_tok=eyJpIjoiT1ROaU5EZ3dORFU0TVRBMiIsInQiOiJySkRMeW93Z05NT0JnTk5iQTVDYXpoTCs5SVwveThIYXBaMldrWWx4VDVNdXl4Y0w2Y2RySW5SRVdaSkNLcms4N21WVGdsVVdSdTFST1ZxWklRKzZXbXhZc2VvVGpVQkFPVk5zdW5ZRE9QRnczSFk4ZjFRa2NWYnJKXC9NN3owcmZRIn0%3D

 

North American Oil Producers Cut Output Quicker Than Some Expected

https://www.hartenergy.com/news/north-american-oil-producers-cut-output-quicker-some-expected-187473?mkt_tok=eyJpIjoiT1ROaU5EZ3dORFU0TVRBMiIsInQiOiJySkRMeW93Z05NT0JnTk5iQTVDYXpoTCs5SVw

veThIYXBaMldrWWx4VDVNdXl4Y0w2Y2RySW5SRVdaSkNLcms4N21WVGdsVVdSdTFST1ZxWklRKzZXbXhZc2VvVGpVQkFPVk5zdW5ZRE9QRnczSFk4ZjFRa2NWYnJKXC9NN3owcmZRIn0%3D

   Oil touches $70 as US-Iran clash sparks concerns over supplies

https://www.msn.com/en-us/money/markets/oil-touches-dollar70-as-us-iran-clash-sparks-concerns-over-supplies/ar-BBYDsO8

 

   Oil Traders See Little in Real World to Justify Slump in Crude

https://energynow.com/2019/05/oil-traders-see-little-in-real-world-to-justify-slump-in-crude/?source=de&wtv=rrust@magna-resources.com

 

   Oil hits 2019 high on US plan to tighten squeeze on Iran

https://www.msn.com/en-us/money/markets/oil-hits-2019-high-on-us-plan-to-tighten-squeeze-on-iran/ar-BBW9RB8?li=BBnbfcN&ocid=oie8dlpg

 

   The Biggest Saudi Oil Field Is Fading Faster Than Anyone Guessed

https://www.bloomberg.com/news/articles/2019-04-02/saudi-aramco-reveals-sharp-output-drop-at-super-giant-oil-field

 

   The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years

     https://www.bloomberg.com/news/articles/2018-12-06/u-s-becomes-a-net-oil-exporter-for-the-first-time-in-75-years

   U.S. SHALE OIL INDUSTRY: Catastrophic Failure Ahead

https://srsroccoreport.com/u-s-shale-oil-industry-catastrophic-failure-ahead/

 

   Deep The Denial

https://www.oilystuffblog.com/single-post/2018/10/19/Deep-The-Denial

   Opinion: Don't rule out $400 oil if the US sanctions Saudi Arabia

https://www.msn.com/en-us/money/markets/opinion-dont-rule-out-dollar400-oil-if-the-us-sanctions-saudi-arabia/ar-BBOoDzr?li=BBnbfcN

 

Crude Rises as Mystery of Missing Saudi Critic Strains Alliance

https://www.msn.com/en-us/money/markets/crude-rises-as-mystery-of-missing-saudi-critic-strains-alliance/ar-BBOoGHj?li=BBnb7Kz

 

$100 a barrel? Will Iran sanctions and Venezuela crisis bring oil price spike?

https://www.theguardian.com/business/2018/oct/12/oil-price-barrel-markets-iran-sanctions

 

    As Oil Industry Recovers From a Glut, a Supply Crunch Might Be Looming

https://www.wsj.com/articles/as-oil-industry-recovers-from-a-glut-a-supply-crunch-might-be-looming-1532775605

 

Oil surges above $75 as supply outages outpace OPEC

https://www.msn.com/en-us/money/markets/oil-surges-above-dollar75-as-supply-outages-outpace-opec/ar-AAzwOsx?li=BBnbfcN&ocid=oie8dlpg

 

Crude prices soar as oil stockpiles drop by nearly 10M barrels

https://seekingalpha.com/news/3366580-crude-prices-soar-oil-stockpiles-drop-nearly-10m-barrels

    

   Oil Prices Rise on Tightening Global Market Signs

https://www.wsj.com/articles/oil-holds-gains-amid-u-s-production-growth-1526293899

 

   Oil Hedge Fund Manager Says $300 Oil ‘Not Impossible’

https://www.bloomberg.com/news/articles/2018-04-30/oil-hedge-fund-manager-andurand-says-300-oil-not-impossible