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Anaergia is selling $15.6 million of IRA tax credits generated by its biogas facility in Rhode Island.

'This maintains the downward trajectory of prices since the highs observed in 2022'.

'The markets started the week with a strong, risk off sentiment which accelerated the down move in oil'.

'Adjusting for inflation, the picture looks even bleaker'.

Downside risks are becoming more prominent.

'For the moment the market is practicing an attitude to the oil market of 'I don't believe it before I see it''.

On February 6, a series of large earthquakes hit southern Turkey and northern Syria, followed by hundreds of aftershocks, the World Health Organization's website notes.

Rigzone's regular energy prognosticators focus on the vessel bottleneck in the Straits of Bosphorus, the effect of a European price cap on Russian crude, daily oil price moves and more.

'In the last 35 years, geopolitical events in big oil producers have increased oil prices by an average of eight percent'.

Everyone has a plan until they get punched in the face.