Natural gas has retreated from recent highs as European countries are reaching storage capacity levels. U.S. natural gas prices have hit a fresh six-week low, closing at $7.75/MMBtu on Monday. Continue Reading
Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and raising concerns of tighter oil and gas Continue Reading
Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and raising concerns of tighter oil and gas Continue Reading
Putin Escalates War, Calling Up 300,000 Reservists Oil rallied after Russian President Vladimir Putin ordered a partial mobilization to hold onto occupied territories in Ukraine, an escalation that could lead Continue Reading
Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel, and other petroleum Continue Reading
The price of gasoline is highly salient in both politics and the economy. Generally when the price of gasoline goes down, the public’s mood starts to improve. That sense of Continue Reading
A 99-day stretch of declines in the average U.S. national gasoline price came to an end on Wednesday, a sign that the effect of falling fuel costs, which have recently Continue Reading
Oil Steadies Ahead of Fed Rate Decision Oil eked out a meager gain as the dollar weakened, with much of the market waiting to see what the Federal Reserve will Continue Reading
Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply Continue Reading
U.S. gasoline prices fell for the fourteenth week in a row, according to a Monday note from GasBuddy. The national average gallon of regular gasoline fell 3.9 cents from a Continue Reading
Oil dipped as the dollar strengthened ahead of central-bank meetings this week that are expected to lead to further monetary tightening, heightening concern among traders that economies could weaken. Brent Continue Reading
Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply Continue Reading
The oil market is currently very much focused on the bearish signals, with prices reflecting fears of slowdown in China, a slowdown or recession in the U.S., and a recession Continue Reading
Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is Continue Reading
General view of the Fos-Lavera oil hub near Marseille, France, September 17. REUTERS/Jean-Paul Pelissier Brent and WTI head for weakest quarter since 2020 Exports ‘gradually’ resume after spill at Iraq’s Continue Reading
The latest monthly oil market reports show a broad agreement about balances. The latest monthly oil market reports show a broad agreement about balances, Standard Chartered (SC) highlighted in a Continue Reading
Oil steadied on Thursday as expectations of weaker demand and a strong U.S. dollar ahead of a potentially large interest rate increase balanced supply concerns. The International Energy Agency said Continue Reading
Crude oil prices inched higher today after the Energy Information Administration reported an inventory increase of 2.4 million barrels for the week to September 9. This compared with a sizeable Continue Reading
Natural gas futures surged the most among major US-traded commodities as hot weather forecasts and a looming rail strike added to concern about tight supplies ahead of winter. Gas for Continue Reading
Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust Continue Reading
Oil fluctuated as traders assessed a mass of conflicting signals, from speculation that the Federal Reserve will be forced to tighten policy much more aggressively as inflation flares to shifting Continue Reading
The American Petroleum Institute (API) reported a build this week for crude oil of 6.035 million barrels, while analysts predicted a draw of 200,000 barrels. The build comes as the Continue Reading
Russia and China are making moves to dethrone the U.S. dollar in global oil markets. Russian and Chinese hydrocarbon giants, Gazprom and China National Petroleum Corporation, have agreed to switched Continue Reading
But other energy costs are rising, offsetting relief at the pump. The index for electricity in August climbed 15.8% over the same month a year ago, the biggest such 12-month Continue Reading
Bloomberg survey: Equity strategists, portfolio managers, and retail investors have grown increasingly bullish on energy stocks. A shortage of critical fuels such as natural gas and diesel could boost the Continue Reading
New York Fed survey: U.S. inflation is expected to average 5.7% for the whole of 2023 and contract to 2.8% three years out thanks to falling gas prices. AAA: the Continue Reading
Oil pushed higher for a fourth day as a weaker dollar offset global demand concerns, and progress toward an Iranian nuclear deal stalled. West Texas Intermediate futures rose toward $89 Continue Reading
Oil prices rose in volatile trade on Tuesday as worries about tight fuel supplies ahead of winter offset investor concerns about lower demand in China, the world’s biggest crude importer, Continue Reading
WTI crude gained 2% on Monday morning. European diplomats expressed “serious doubt” that Tehran is genuinely seeking a revival of the 2015 nuclear deal. Softer U.S. dollar supports crude prices. Continue Reading
Investors sold petroleum last week with the fastest sales concentrated in middle distillates as the economic outlook on both sides of the Atlantic deteriorated. Hedge funds and other money managers Continue Reading
Oil wiped out an earlier decline as a slump in the dollar offset mounting concerns that global demand is weakening. The global Brent benchmark rose to trade near $94 a Continue Reading
Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments loomed, with tight supply struggling to meet still robust demand. Continue Reading
U.S. Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in gas prices in the winter when the European Union significantly cuts back on buying Russian oil, Continue Reading
Gasoline prices in the United States could spike this winter as an embargo on Russian oil imports comes into effect in the European Union, Treasury Secretary Janet Yellen has warned. Continue Reading
Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs Continue Reading
Oil pared some of its second consecutive weekly loss, casting relief at the end of a week burdened by demand concerns, rising stockpiles, and the possibility the Biden administration may Continue Reading
Oil pared some of its second consecutive weekly loss, casting relief at the end of a week burdened by demand concerns, rising stockpiles, and the possibility the Biden administration may Continue Reading
Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs Continue Reading
Crude oil prices eased from their earlier gains after the Energy Information Administration reported inventories had added 8.8 million barrels for the week to September 2. This compared with an Continue Reading
The last time this pattern was recognized was February 25th, 2020, which was followed by a plunge of 77 percent over the ensuing two-month period. (The views and opinions expressed Continue Reading
Recent data from the World Trade Organization shows global trade growth stagnating, a sign that the world may be moving into a recession. The slowdown in global maritime trade growth Continue Reading
The U.S. Energy Information Administration has released its latest short term energy outlook. The U.S. Energy Information Administration (EIA) has released its latest short term energy outlook (STEO), which offers Continue Reading
EU energy ministers are looking at steps to prevent Russia’s gas supply cutoff from unleashing rationing, blackouts or even social unrest. Maria Tadeo reports. Natural gas prices dropped, with the Continue Reading
Oil steadied after slumping Wednesday with investors assessing global demand as China pushes on with its Covid Zero policy and central banks tighten monetary policy to fight inflation. West Texas Continue Reading
Oil prices fell on Thursday, extending sharp losses from the previous session, as China’s extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic Continue Reading
Oil prices rose on Wednesday on threats that Russia will walk away from its energy supply contracts, reversing losses from earlier in the session when prices fell to their lowest Continue Reading
Oil erased a decline after Russian President Vladimir Putin underlined that his country won’t supply oil and fuel if price caps on the country’s exports are introduced. West Texas Intermediate Continue Reading
prices rose on Wednesday on threats that Russia will walk away from its energy supply contracts, reversing losses from earlier in the session when prices fell to their lowest since Continue Reading
U.S. natural gas futures shed around 5% on Tuesday, hitting a four-week low as soaring output coupled with lower demand forecasts drags prices down, despite the fact that inventories are Continue Reading
Oil fell on Tuesday after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support from OPEC+’s first output target cut Continue Reading
