Consumers around the world will feel the pinch of higher energy prices as demand outpaces supply, increasing the cost of travel, heating, and food, S&P Global Platts analysts said Oct. Continue Reading
The EIA now sees Brent spot prices averaging $71.38 per barrel in 2021. The U.S. Energy Information Administration (EIA) has increased its Brent spot average price forecasts for 2021 and Continue Reading
Capital discipline from US gas producers is expected to continue to blunt support from high prices on production levels, which could lead to dramatically higher US gas prices this winter, Continue Reading
Oil surged past $81 a barrel after the International Energy Agency said shortages of natural gas in Europe and Asia are boosting demand for crude. WTI crude futures were up Continue Reading
Oil prices climbed on Thursday, reversing previous losses, as a bigger-than-expected draw in U.S. gasoline and distillate stocks prompted buying. The uptick was also supported by expectations that soaring natural Continue Reading
The American Petroleum Institute (API) on Tuesday reported another week of crude oil inventory builds. This time, the build is extra large, at 5.213 million barrels for the week ending Continue Reading
Oil Holds Above $80 as Global Power Crunch Tightens Demand Oil held above $80 a barrel after a four-day advance as the global energy crisis fanned demand and the International Continue Reading
U.S. consumers will spend more to heat their homes this winter than last year due to surging energy prices, the U.S. Energy Information Administration (EIA) projected in its winter fuels Continue Reading
It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday Continue Reading
Oil Holds Above $80 as Global Power Crunch Tightens Demand Oil held above $80 a barrel after a four-day advance as the global energy crisis fanned demand and the International Continue Reading
Oil prices edged down on Wednesday on concerns that oil demand growth will fall as major economies suffer through inflation and supply chain issues through surging prices for power generation Continue Reading
West Texas crude settled moderately higher with brent falling on a choppy session as traders measure energy crunch against rising demand risks. Oil futures in New York rose for the Continue Reading
Soaring European wholesale gas prices are encouraging more utilities to switch to carbon-heavy coal to generate electricity just as the region tries to wean nations off the polluting fuel. Although Continue Reading
Oil held above $80 a barrel on expectations that a power crisis from Asia to Europe will lift demand and tighten global balances. West Texas Intermediate futures were little changed Continue Reading
Oil prices reversed early losses to extend gains on Tuesday into a fourth day amid a rebound in global demand that is contributing to energy shortages in major economies. Brent Continue Reading
Highlights US crude stocks expected down 500,000 barrels WTI backwardation hits three-month high Gas-to-oil switching supports diesel demand Crude oil futures settled at fresh highs Oct. 11 as the market Continue Reading
The price of US crude oil hit a fresh seven-year high on Monday on fears that fuel demand was recovering faster from last year’s economic slowdown than producers could bring Continue Reading
The extended climb in oil prices is leaving some other industrial commodities behind, a divergence that reflects bets that energy supply shortages will offset any slowdown in the global economy. U.S. crude Continue Reading
Global oil demand is on course to recover to pre-pandemic levels by the end of the year U.S. demand is leading the way, with petroleum product demand approaching all-time highs Continue Reading
The extended climb in oil prices is leaving some other industrial commodities behind, a divergence that reflects bets that energy supply shortages will offset any slowdown in the global economy. U.S. crude Continue Reading
Oil prices rose 2% on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in economic activity and restrained Continue Reading
Crude topped $81 a barrel as the global power crunch boosts demand for oil ahead of winter. West Texas Intermediate futures climbed 2.7% to the highest level since October 2014. Continue Reading
Oil prices have vaulted to multi-year highs after OPEC and other major producers opted last week against increasing output by more than previously agreed. However, it’s the natural gas trajectory Continue Reading
Highlights NYMEX WTI highest since 0ct. 31, 2014 US jobs report misses expectations, unemployment at pandemic low Europe energy squeeze stalks market Crude oil futures settled higher Oct. 8 on Continue Reading
The U.S. Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports The DoE Continue Reading
West Texas Intermediate crude futures hit $80 a barrel for the first time since November 2014 as a global energy crisis boosts demand and OPEC+ keeps supplies tight. The benchmark’s 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
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
Russian President Vladimir Putin said Moscow was ready to work on stabilizing the global energy market, causing a sudden reversal in natural gas prices, which had earlier soared to their highest level Continue Reading
Gas markets swung sharply on Wednesday after Russia’s president Vladimir Putin said his country was prepared to stabilise the soaring global energy prices that are threatening to curb industrial activity Continue Reading
The benchmark European gas prices continued their rally this week, surging to new record highs on Wednesday Five European countries, which include Spain and France, issued a joint statement on Continue Reading
The American Petroleum Institute (API) on Tuesday reported another surprise build in crude oil inventories of 951,000 barrels for the week ending October 1. This compares to analyst expectations for 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
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
Government spending has soared since 2008, but spending during Covid and the upcoming infrastructure bill represents an entirely new level of spending This government spending, alongside soaring oil prices and Continue Reading
Hedge fund speculators are having a heyday in oil markets, betting big on even higher crude prices in the short-to-medium term. Demand for oil is set to continue rising in Continue Reading
Oil prices climbed on Tuesday, hitting their highest levels in at least three years, extending gains triggered during the previous session after the world’s major oil producers announced they had Continue Reading
US oil prices rose to the highest level in seven years after Opec and its allies declined to accelerate plans to increase crude production, snubbing calls from the White 1–louse Continue Reading
Oil flipped between gains and losses ahead of an OPEC+ meeting on Monday to discuss production policy amid a rapidly tightening market. Futures in New York were little changed and Continue Reading
Highlights November contract tops $6, settling to $5.77/MMBtu Weather fuels bullish 14-day outlook for power burn Offshore production still recovering from Hurricane Ida NYMEX Henry Hub prompt-month futures surged briefly Continue Reading
Fitch Solutions Country Risk & Industry Research has released its latest oil price forecasts to 2025. Fitch Solutions Country Risk & Industry Research has released its latest oil price forecasts Continue Reading
