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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


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


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


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


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


    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’