U.S. natgas futures drop 4% on rising output, lower demand forecast
U.S. natural gas futures dropped about 4% on Friday after soaring over 14% in the prior session on a slow rise in output and forecasts for less demand next week Continue Reading
Where Is Oil Heading Next?
Fitch Solutions Country Risk & Industry Research has released its latest oil price outlook, which outlines where the company sees the commodity going through to 2026. According to its latest Continue Reading
Fitch Cuts Turkey’s Credit Rating Deeper Into Junk Territory
Tourists and locals on the waterfront in Istanbul, Turkey. Fitch Ratings downgraded Turkey’s sovereign debt rating further into junk, saying the government’s policies are contributing to “spiralling inflation” and discouraging Continue Reading
With world in energy shock, Saudi oil cushion gets very thin
Two industry sources question volume of spare Saudi capacity OPEC data shows decline in Saudi well completions in 2021 Saudi Arabia has been pumping below its OPEC quota Aramco says Continue Reading
Why India ramped up Russian oil imports, easing pressure on Moscow
India’s Russian oil imports since Ukraine war soar New Delhi feels it lost out when Iranian sanctions imposed Wants to buy cheap oil, in part because China doing same Officials Continue Reading
Citgo ready to resume oil imports from Venezuela if U.S. authorizes
U.S. refiner Citgo Petroleum is willing to resume imports of Venezuelan crude, suspended since 2019 by Washington’s sanctions on its parent company PDVSA, if the U.S. government authorizes the flow, Continue Reading
China’s Consumer Inflation Hits Two-Year High on Pork Rally
Customers purchase pork at a food market in Shanghai in June. Photographer: Qilai Shen/Bloomberg Bloomberg News China’s consumer prices grew faster than expected in June, partly driven by a rebound Continue Reading
US tells China its support for Russia complicates relations
China’s support for Russia’s war in Ukraine is complicating U.S.-Chinese relations at a time when they are already beset by rifts and enmity over numerous other issues, U.S. Secretary of Continue Reading
Top U.S. LNG producer Cheniere asks Biden admin to drop pollution rule
Cheniere Energy Inc (LNG.A) has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural Continue Reading
U.S. oil output slips 0.5% in April to lowest since February -EIA
U.S. crude oil production slid in April by about 0.5% to its lowest since February, according to a monthly report from the U.S. Energy Information Administration on Friday. Oil production Continue Reading