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Energy News

This regularly updated section will explore the intricacies of the oil and gas industry from various vantage points. If you would like more specific information about Magna Resources, please Contact Us.


Oil Ticks Higher As Traders Weigh Recession Fears Versus Tight Crude Supplies


Oil Prices To Hover Around $90 A Barrel On Supply Concerns


OPEC+ Production Cut Is Luring Hedge Funds Back To The Oil Market


Oil's Rally Stalls on Concerns Slowdown to Erode Energy Demand


Oil Poised for Biggest Weekly Rally Since March on OPEC+ Move


Here's What Goldman and Others Had to Say About Oil After Big OPEC+ Cut


OPEC+ Agrees to Deep Oil Production Cuts Despite US Pressure


Oil Jumps After Putin Orders Partial Mobilization Of Troops


Oil Holds Gains With Signs Poiinting to Tightening Global Markets


Oil Climbs as Easing US Stockpiles Adds to Tightening Outlook


Oil Price Rise On Major Crude Inventory Draw


Oil Rises Again as Strong US Demand Eases Recession Fears


Oil Demand Accelerates as Gas Crisis Spurs Switch, IEA Says


Oil rises as Russian pipeline halt revives supply fears


Oil Climbs as Strong Fuel Market Assuages Recession Worries


Oil Holds Gains as China Eases Curbs, Goldman Boosts Forcasts


Oil Gains Near $120 as Saudi price Boost Shows Damand Confidence


OPEC fails to increase oil output amid capacity troubles


Oil Inventories Fall by More Than Expected by 1.2M Barrels Last Week: API -Breaking


US Crude Oil, Fuel Stockpiles Fall in Tight Market: EIA


OPEC Members Consider Suspending Russia From Oil Deal, New Report Says


Oil Roars to Sixth Monthly Advance on EU Ban, China's Reopening


Oil Up as Stockpiles Tighten Ahead of Summer Driving Surge


ICYMI - Russia's Novak expects oil output to shrink 8.4% this year


Oil Climbs as Report Shows Tightening US Gasoline Stockpiles


Oil Inventories Down to Dangerously low Point


Oil Inventories Unexpected Rise by 1.6M Barrels Last Week: API - Breaking


Oil Set for Consecutive Weekly Gains as Market Tightens Up


Oil jumps the most in three weeks as EU plans strictest ban yet


OPEC fails to increase oil output amid capacity troubles


Oil Heads for Longest Run of Monthly Gains Since Early 2018


Oil Soars with Expectation of the EU Ban on Russian Crude


U.S. oil producers may be facing supply chain issues as they increase capital expenditure


A New Texas Oil Boom Is Coming, Finally


Oil prices may not drop even as companies drill more


Russia to suspend natural gas supplies to Poland, Bulgaria


A European Ban on Russian Oil?


Oil Pushes Higher as Array of Supply Risks Eclipse China Concern


Oil Holds Advance Above $100 as Putin Vows to Continue War


U.S. crude output will rise at slower-than-expected pace, EIA says


Oil Gains as Russia Curbs, Key Terminal's Halt Boost Supply Risk


Oil Inventories Fell by 4.3 Million Barrels Last Week: API


Here Are 3 Reasons Why U.S. Oil Demand Is Holding Up at $100-Plus Prices


EU's push for Persian Gulf LNG set to worsen energy price inflation


USA Condemns Attacks Reportedly Targeting Saudi Oil Site


Oil is More Likely to Stay Risky and Costly as World Deals with Supply Shortages


Oil Surges as Risk Grows of Russian Supply-Hit From Ukrain War


Oil Rallies With Focus on Stockpile Draw, Ukraine


Wall Street Is Making More $100 Oil Calls on Tightening Supply


Traders Bet That Oil at $100 Is a Question of When, Not If


Oil Hits Fresh Seven-Year High as IEA Turns Bullish on Outlook


JP Morgan Sees OPEC Spare Capacity Falling Through 2022 - Oil Prices Rising Sharply


Oil Prices Could Hit $100 As Demand Outstrips Supply


Oil Steady After Rally as Mild Omicron Hit Lets Market Tighten


Oil Trades at Two-Month High With Agencies Seeing Tighter Market


Oil Inventories fall by 1M Barrels Last Week, Gas Stockpiles Jump: API


BP Says Oil Demand Is Back Above 100 Million Barrels a Day


Oil Climbs Above $83 With U.S. Supplies Tightening


Oil Touches Multiyear Highs Energy Crunch Intensifying


Oil Surges Past $80 With Global Power Crises Set to Boost Demand


Iraqi Oil Minister Deems Oil at $75-$80 a Barrel Fair to Producers and Consumers


U.S. Worried Energy Supply Not Meeting Demand, Top Biden Advisor Says


Oil Ends Week Surging to $80 as Global Energy Crisis THreatens Supplies


Crude Oil Prices Expected To Continue Rising


Oil Likely to Hit $100 a Barrel, Says Top Trader


US Crude Oil Stockpiles Drop Sharply: Report


Oil Climbs Near Highest Since 2018 With More Iran Talks Expected


Key WTI Spread Signals U.S. Oil Squeeze Heading Into Summer


Oil Prices Up Sharply as U.S. Official raises Doubt That Iran Will Comply With Nuclear Commitments


Oil Prices on Track for Highest Finish Since March, Bouyed by Trader Optimism Over the Demand


IEA: Oil Demand Recovery Outpacing Growth in Supply


U.S. Oil Prices Turned Negative a Year Ago Today. Analysts Now See It Rising 20% to Above $75 as Countries Plot a Return to Normality


U.S. House Panel Advances Bill Allowing Antitrust Suits Against OPEC


Oil Prices Rise on Weaker Dollar, Likely Drawndown in U.S. Stocks


Oil Prices Went Negative a Year Ago: Here's What Traders Have Learned Since


Oil Edges Higher With Weaker Doller Amid Mixed Demand Outlook


Oil Prices Gain as Traders Mull Demand Cues, Supply Propsects


Historic Oil Glut Amassed During the Pandemix Has Almost Gone


Oil Prices Hit One-month High as IEA, OPEC Raise Forcasts


U.S. Oil Prices Top $60 a Barrel on Hints of an Uptick in Demand


Robust Chinese Demand Fuels Oil Market Recovery


Crude Oil Rises Above $43 Per Barrel on Improved Demand


$190 oil sounds crazy. But JPMorgan thinks it's possible even after pandemic


Saudi, Russia Reach Deal on Oil Cuts


OPEC, Russia Discuss Extending Oil Cuts for 1-2 Months


Demand Rise, Output Cuts Could Mean Oil Market Balance in June


   Baker Hughes: U.S. rig count falls to lowest on record since 1987


   Oil Continues to Rise With Demand Rebound Lifting Prices


   Chinese Oil Demand Is Almost Back to Pre-Virus Crisis Levels


CEO of Top US Shale Producer Sees Oil Price Recovery Continuing


North American Oil Producers Cut Output Quicker Than Some Expected


   Oil touches $70 as US-Iran clash sparks concerns over supplies


   Oil Traders See Little in Real World to Justify Slump in Crude


   Oil hits 2019 high on US plan to tighten squeeze on Iran


   The Biggest Saudi Oil Field Is Fading Faster Than Anyone Guessed