Forecast predicts mildest start to October on record H1 October res-comm to undershoot average by 15% NYMEX prompt-month down nearly 75 cents from high Current weather forecasts are predicting an Continue Reading
U.S. natural gas futures slipped 2% to a one-week low on Friday on a drop in global gas prices and forecasts for mild weather to keep heating demand low through Continue Reading
Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roils markets from Europe to Asia. Futures in New York extended gains toward Continue Reading
Oil futures rebounded on Thursday, as the market deemed it unlikely that the United States would release emergency crude reserves or ban exports to ease tight supplies. Brent futures rose Continue Reading
Meteorologists are predicting a cold winter, and it could send energy prices even higher. Record-high natural gas prices forced some utilities to switch to oil derivatives instead, boosting demand for Continue Reading
Standard Chartered Global Research has maintained its somewhat bearish oil price outlook during the last couple of months, but last week, the investment bank suddenly turned bullish Standard Chartered raised Continue Reading
Oil erased an earlier gain to trade little changed as wider markets were pressured by risks to global growth. Futures in New York were down 0.6% after earlier climbing towards Continue Reading
Natural Gas Prices Slump After Wild Swings Oil extended losses after Russia offered to ease Europe’s natural gas crisis and traders weighed the prospect of the U.S. releasing crude from Continue Reading
Oil prices dropped for a second session on Thursday, under pressure from an unexpected rise in U.S. crude stocks that raised concerns over demand after prices rallied to multi-year highs. Continue Reading
Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+’s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply Continue Reading
