Posted inExploration & Production

Oil rises further on energy supply tightness and arrival of cold weather

Oil prices continue their ascent as the global energy supply crunch intensifies and cold weather starts to add weight on the market

The global energy supply crunch and cold weather in the Northern Hemisphere are helping oil prices continue their stunning rally for yet another week. The crunch is not only limited to main fuels for electricity production such as gas and coal, but also extends to oil supply. While it is still unsure just how transitory […]