Oil Prices Rise On Major Crude Inventory Draw
The American Petroleum Institute (API) reported a large draw this week for crude oil of 5.632 million barrels, while analysts predicted a draw of 448,000 barrels. The build comes as Continue Reading
Bullish OPEC+ Rhetoric Sends Oil Prices Soaring
Crude prices soared on Tuesday morning after OPEC+ leaked that it may decide to cut output once again if, and when Iran makes a full comeback to oil markets. Reader Continue Reading
U.S. natgas falls 5% on delay of Freeport LNG plant restart
U.S. natural gas futures fell more than 5% on news of a further delay in the resumption of initial operations at the Freeport LNG export plant in Texas. Freeport LNG Continue Reading
USA Pump Prices Post Longest Falling Streak Since 2015
Gasoline prices in the U.S. have fallen for 70 days straight. Gasoline prices in the US have fallen for 70 days straight, the longest down streak since January 2015. Pump Continue Reading
USA Henry Hub Gas Prices Climb to Record High
The commodity almost hit the $10 per MMbtu mark for the first time. U.S. Henry Hub prices have climbed to a record high, Rystad Energy analyst Lu Ming Pang highlighted Continue Reading
Oil Gains After Saudis Flag OPEC+ Action to Arrest Price Slide
Oil rose near $92 a barrel in New York after Saudi Arabia said OPEC+ may be forced to cut production to stabilize a volatile market. “Extreme” volatility and a lack Continue Reading
Oil climbs as tight supply moves back into focus
Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices Continue Reading
Fuel for Thought: Diesel market may need prices to stay high to offset new global crisis
The diesel crisis lies dormant. While prices have dropped from a March spike, record-low stocks, demand expected from the onset of winter, and the threat of a drop off in Continue Reading
Endless Demand Spurs U.S. Natural-Gas Prices to Shale-Era Highs
Western leaders are preparing for the possibility that Russian natural-gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an energy Continue Reading
European gas prices surge on renewed Russian gas supply uncertainty
TTF month-ahead price soars to close to Eur300/MWh Nord Stream to close for three-day maintenance Aug 31 No let-up in European gas price strength European gas prices surged on Aug. Continue Reading