Commodities

Oil Tumbled as U.S. and Allies Ready to Sell a Record Amount from Strategic Reserve

 Commodities

Oil prices tumbled on Thursday on the news that the Biden Administration is considering releasing up to 180 million barrels from its petroleum reserve (SPR), close to a one-time maximum in nearly 50 years of SPR history in response to the oil and gas supply crisis caused by the geopolitical events in the Eastern Europe.

April 1, 2022

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Base Case Scenario Sees Abnormally Elevated World Gas Prices Throughout Entire Upcoming Winder

Base Case Scenario Sees Abnormally Elevated World Gas Prices Throughout Entire Upcoming Winder

Energy and electricity prices in Europe set new records every day. Wholesale prices for natural gas are at their highest in years, and have more than doubled since the spring.

September 17, 2021

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