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.

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Energy News

Oil Rallies With Focus on Stockpile Draw, Ukraine

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

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

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

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

Oil Prices Could Hit $100 As Demand Outstrips Supply

Oil Steady After Rally as Mild Omicron Hit Lets Market Tighten

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

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

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

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

Oil Touches Multiyear Highs Energy Crunch Intensifying

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

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

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

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

Crude Oil Prices Expected To Continue Rising

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

US Crude Oil Stockpiles Drop Sharply: Report

Oil Climbs Near Highest Since 2018 With More Iran Talks Expected

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

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

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

IEA: Oil Demand Recovery Outpacing Growth in Supply

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

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

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

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

Oil Edges Higher With Weaker Doller Amid Mixed Demand Outlook

Oil Prices Gain as Traders Mull Demand Cues, Supply Propsects

Historic Oil Glut Amassed During the Pandemix Has Almost Gone

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

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

Robust Chinese Demand Fuels Oil Market Recovery

Crude Oil Rises Above $43 Per Barrel on Improved Demand

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

Saudi, Russia Reach Deal on Oil Cuts

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

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

Oil Continues to Rise With Demand Rebound Lifting Prices

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

CEO of Top US Shale Producer Sees Oil Price Recovery Continuing

North American Oil Producers Cut Output Quicker Than Some Expected

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

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

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

The Biggest Saudi Oil Field Is Fading Faster Than Anyone Guessed

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

U.S. SHALE OIL INDUSTRY: Catastrophic Failure Ahead

Deep The Denial

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

Crude Rises as Mystery of Missing Saudi Critic Strains Alliance

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

Oil surges above $75 as supply outages outpace OPEC

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

Oil Prices Rise on Tightening Global Market Signs

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