Brent crude, a benchmark for foreign oil imported by U.S. refineries to make gasoline, added $1.24 to end the day at $122.90 per barrel in London.  More »

This post was written by Keily Miller, Research Associate at the Baker Institute Energy Forum. Saudi Oil Minister Ali Al-Naimi’s statement in mid-January that $100 constitutes a “fair” price for a barrel of crude appears to have been met with uncharacteristic agreement across OPEC member states. In an interview with Austrian newspaper Kurier at the [...]  More »

Benchmark U.S. crude rose 93 cents on Friday to end the week at $103.24 per barrel in New York.  More »

West Texas Intermediate oil is up 21 percent from a year ago.  More »

Speaking at a conference has a number of benefits; it makes you research the pants off the topic you are speaking about, you get to meet random yet fascinating people, and you get to hear about topics that are not necessarily directly relevant, but interesting. So reviewing my notes from last week’s AMM conference I thought it would be useful to share some of the random facts I was presented [...]  More »

Stopping Iranian shipments means European refineries will have to find new sources of oil sooner than they expected.  More »

Natural gas futures surged by 10 cents to finish at $2.53 per 1,000 cubic feet. Analysts say investors are betting that prices have dropped about as far as they’ll go, and they’ll eventually rebound.  More »

Investors were encouraged that Greece would get the bailout money it needs.  More »

Benchmark crude fell by $1.17 to end the week at $98.67 per barrel in New York.  More »

Chesapeake Energy Corp. told investors its production cuts are “actually higher” than the minimum of 500 million cubic feet per day it announced in January.  More »

The Energy Information Administration reported that the nation’s crude supplies increased by 300,000 barrels last week, much less than the increase of 2.25 million barrels analysts expected.  More »

“Iran will make the sanctions ineffective as it did in the past, and it will continue selling oil,” Iranian Vice President Mohammad Reza Rahimi said .  More »