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 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 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 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
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
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
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
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 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
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
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
Despite a ninth consecutive week of falling gasoline prices in the United States, the streak of declines could soon see its end as wholesale gasoline prices have rebounded in recent Continue Reading
Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to Continue Reading
U.S. natural gas futures fell about 1% on Monday on rising supplies and forecasts for cooler weather and lower air conditioning demand over the next two weeks than previously expected. Continue Reading
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
Crude oil futures were lower in mid-morning Asian trade Aug. 15 on profit-taking amid a lack of fresh cues and after the ICE Brent marker briefly retook $100/b late last Continue Reading
Highlights US pump prices fall below $4/gal for first time since early March ‘Substantial’ gas-to-oil switching in Europe amid gas crunch: IEA Crude oil futures were lower in mid-morning Asian Continue Reading
– Oil prices were down slightly on Friday but set to rise on the week as recession fears eased through an uncertain demand outlook capped gains. Brent crude futures were Continue Reading
Oil prices were down slightly on Friday but set to rise on the week as recession fears eased though an uncertain demand outlook capped gains. Brent crude futures were down Continue Reading
OPEC expects global oil markets to tip into a surplus as the I.E.A. boosted its forecast for global demand growth this year. Elizabeth Low reports. Oil headed for the biggest Continue Reading
Oil prices settled up more than $2 on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices have some Continue Reading
The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by the end of the year, Continue Reading
The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world’s largest consumer Continue Reading
Oil edged higher after the International Energy Agency boosted its forecast for global demand growth this year. West Texas Intermediate rose 0.9% to trade above $92 a barrel, after earlier Continue Reading
Physical oil prices around the world have begun to sag alongside futures, reflecting less alarm over Russian-led supply disruptions along with heightened worries about a possible global economic slowdown. “The Continue Reading
Oil prices edged lower on Wednesday on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of the publication of key demand indicators. Brent crude futures fell Continue Reading
Mid-Atlantic power prices highest in years Mostly driven by higher fuel prices US Energy Information Administration analysts discussed the relationship between fuel costs and power prices, and how recent US Continue Reading
The price spread between Brent and West Texas Intermediate oil increased to a high of $13.26 per barrel on July 29. The price spread between Brent and West Texas Intermediate Continue Reading
Highlights Oil prices supported by Druzbha pipeline disruption Upside capped by uncertain demand outlook Crude oil futures were mostly steady in mid-morning Asian trade Aug. 10 as prices continued to Continue Reading
Oil prices edged lower on Wednesday on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators. Brent crude futures fell 73 Continue Reading
Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which Continue Reading
Oil slipped after posting its biggest gain in more than a week on Monday as investors monitored US-Iran nuclear talks and the outlook for demand amid an economic slowdown. West Continue Reading
Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which Continue Reading
Oil prices rose nearly 2% on Monday in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for Continue Reading
Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors Continue Reading
Despite steadily falling gas prices during the peak of the summer driving season, fewer drivers fueled up last week. It’s another sign that, for now, Americans are changing their driving Continue Reading
Lower US temperatures forecast through Aug. 13 US Northeast temps forecast to see largest drop A forecast break from very hot weather in the US Northeast and Midwest is expected Continue Reading
Oil prices inched up from multi-month lows on Monday as lingering worries about demand weakening on the back of a darkened economic outlook outweighed some positive economic data from China Continue Reading
Tanker trucks sit on a gravel median waiting to be dispatched to drill sites in the Permian Basin area of Loving County, Texas. Photographer: Angus Mordant/Bloomberg Bloomberg News Oil shook Continue Reading
WTI oil prices have given up nearly all their gains since Russia invaded Ukraine, falling roughly 9.5% over the course of the week amid fears oil demand is collapsing. Some Continue Reading
As President Biden is reminding everyone who will listen, gasoline prices in the United States have been falling for 50 days straight. A debate has been raging over exactly how Continue Reading
Oil prices settled higher on Friday, recouping some of this week’s losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by Continue Reading
Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand. Prices are near the lowest level in six months. West Continue Reading
Oil headed for the biggest weekly decline since early April on increasing evidence that a global economic slowdown is destroying demand, with prices near the lowest level in six months. Continue Reading
Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows Continue Reading
Oil extended declines to the lowest in almost six months as weaker US gasoline demand and recessionary fears weighed on markets. West Texas Intermediate fell 2.3% to $88.54 a barrel, Continue Reading
Oil steadied after plunging to the lowest close in almost six months as investors weighed weaker US gasoline demand and rising inventories against a token supply increase from OPEC+. West Continue Reading
Crude oil futures were higher in mid-morning Asian trade Aug. 4, rebounding from five-month lows after bearish US oil data and supply increases from OPEC+ sent oil prices plummeting to Continue Reading
Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows Continue Reading
Global demand for oil has fallen in recent weeks as economic growth has slowed around the world, including in China , analysts said. Demand data and consumer surveys also suggest Continue Reading
Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output steady with spare capacity limited and against the backdrop of Continue Reading