Oil prices and energy stocks crash on Nu Variant concerns. Oil market fundamental implication near-term is that jet fuel demand recovery will pause and coupled with global SPR release, inventory ...

By our estimate, US oil production exited 2022 at 12.55 million b/d versus ~12.3 million b/d. And at the end of 2023, US oil production was 13.05 million b/d versus the reported 13.33 million b/d.

Oil prices plunged more than 10 per cent on Friday – their largest daily drop since April 2020 – but recovered some of those losses on Monday, standing up nearly 5 per cent on the day.

Oil prices tumbled on Tuesday, with U.S. crude futures falling by more than 6 per cent, after Moderna’s chief cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus ...

Since the end of July, benchmark U.S. oil prices have fallen by more than $11 a barrel, with the September contract closing Friday at US$62.32, down $1.37 for the day.

Canada’s main stock index surged as reassurances about the latest COVID-19 variant powered the energy sector higher and prompted a broad-based rally. The S&P/TSX composite index closed up 227.83 ...

Oil prices were mixed on Tuesday with the emergence of doubts on the impact of the new COVID-19 omicron variant on the global economic recovery and fuel demand. International benchmark Brent crude ...

The plunge in oil prices in recent days was excessive, and traders “far overshot” the potential impact of the Omicron Covid variant Oil traders priced in a massive 7-million-bpd slump: Goldman ...

There’s a new coronavirus variant in town—and it may have a striking impact on oil. Global prices fell by more than 10% on Friday after the World Health Organization declared the omicron ...