MARKETS

High oil prices starting to bite

WORLD oil prices fell mid-week on unexpected news of increased stocks of crude and transportation fuels in the United States after earlier touching a new record of nearly US$61 per barrel.

The three-day drop of more than US$3 per barrel, from Monday’s new record of US$60.95, was halted on Thursday, when US crude held above US$57 per barrel. US crude gained 19 cents to US$57.45 per barrel...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.