EIA cuts WTI price forecast 24 cents/b for 2021 Trims 2021 global oil demand estimate by 250,000 b/d US gasoline prices remain high but seen falling in Q4 With no Continue Reading
After settling 3% lower on Tuesday, U.S. natural gas prices surged by 8% early on Wednesday to new multi-year highs amid tighter supply and low storage levels in view of Continue Reading
Uranium, the commodity used to fuel nuclear power plants, has surged to the highest level since 2015 due in part to a single fund aggressively cornering the physical market. Investment Continue Reading
Highlights Minister’s remarks come in response to IEA’s net-zero scenario IEA’s call to end oil and gas investments ‘extremely dangerous’ Oil and gas demand will last decades, UAE minister says Continue Reading
U.S. natural gas futures soared to a seven-year high amid escalating concerns about tight supplies heading into the winter-heating season. Gas prices are soaring across the northern hemisphere as anxiety Continue Reading
Brent oil edged higher after an unexpected surge in Chinese exports to a record added to positive economic signs emerging from key energy consumers. Futures in London rose 0.4% to Continue Reading
Oil prices were mixed on Tuesday as Saudi Arabia’s sharp cuts in crude contract prices for Asia sparked fears over slower demand, but strong Chinese economic data capped losses. Brent Continue Reading
Oil extended losses after Saudi Arabia cut crude prices for Asian buyers, raising the prospect of fierce competition among sellers as the resurgence of Covid-19 continues to cloud the demand Continue Reading
European energy prices might be at record levels, but there is still room for prices to run, according to a Bloomberg analysis. Of course, natural gas prices are soaring everywhere—not Continue Reading
European energy prices might be at record levels, but there is still room for prices to run, according to a Bloomberg analysis. Of course, natural gas prices are soaring everywhere—not Continue Reading
