Oil slips to six-month low as recession fears weigh
Oil hit a six-month low on Wednesday after a brief rally as concerns about the prospect of a global recession that would weaken demand overshadowed a report showing lower U.S. Continue Reading
Oil Swings With Recession Fears, Iran Talks Dominating Market
Oil pared early losses on Wednesday after China signaled it would take steps to boost a flagging economy, as traders awaited further news about the potential resumption of the Iran Continue Reading
Barclays Slashes Oil Price Forecast To $103 Per Barrel
Barclays has slashed its Brent oil price forecast by $8. The bank noted that persistent Russian oil supply and an expected surplus were causes for the change in the forecast. Continue Reading
Disappointing Chinese Demand Takes Toll On Oil Prices
Uncertainty about the Iran nuclear deal and disappointing Chinese crude demand and refinery throughput are creating headwinds for crude. Chart of the Week Can the German Economy Fall by the Continue Reading
Gas markets leap on both sides of Atlantic as traders search for supplies
The global energy crisis deepened on Tuesday as a further surge in natural gas prices in Europe and the US threatened to push some of the world’s largest economies into Continue Reading
Europe’s Power Prices Surge To New Record
Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on Tuesday amid low Russian gas supply Continue Reading
Dutch TTF prices hit all-time high, with no signs of slowing
TTF front month opens at Eur230/MWh on Aug 16 Difficult to understand this market: trader Winter 23 contracts up 51% since July 1 European natural gas assessments at the benchmark Continue Reading
Oil drops as China data disappoints, Iran talks in focus
Oil prices fell by more than $3 a barrel on Monday on concerns over demand in China, the world’s largest crude importer, and ahead of Iran’s response to a nuclear Continue Reading
Oil Prices Drop on Worries About Chinese Demand and Supply Surge
U.S. crude prices on Monday extended a run of declines that have erased all gains since the Russian invasion of Ukraine and highlighted concerns about the impact of slowing global Continue Reading
Falling Oil Prices Defy Predictions. But What About the Next Chapter?
An oil pump jack in a Central California field. Increased domestic production is one factor behind the decline in oil prices.Credit…Alisha Jucevic for The New York Times When Russia invaded Continue Reading