Oil prices dropped on Friday, on track for a weekly loss of over 5% as new lockdowns in countries facing surging cases of the Delta variant dampened the outlook for fuel demand. Broader investor risk […]
Europe’s vast network of liquefied natural gas terminals can’t save it from a winter supply crunch. LNG supplies entering European grids in July fell to the lowest for that month in three years and the […]
Antofagasta Plc warned it will produce less copper than expected this year as Chile’s ongoing drought hampers its operations. Chile, which includes some of the world’s driest deserts, has been struggling with a decade-long drought exacerbated […]
South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said. The purchases could lift […]
EIA expects U.S. natural gas inventories to enter winter heating season below average Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) In our August 2021 Short-Term Energy Outlook (STEO), we forecast U.S. inventories of natural gas will reach 3,592 […]
Oil rebounded from a three-week low on expectations that the global economic recovery will withstand the latest virus onslaught, even as it takes a toll on fuel demand. Futures climbed toward $68 a barrel in […]
Low gasoline inventories and reduced refinery capacity raise U.S. retail gasoline prices in the West The average regular retail gasoline price in the Rocky Mountain region (PADD 4) was $3.64 per gallon (gal) on August 2, […]
Gloom and doom are on everyone’s topic boards this morning. Oil is in a major sell-off! This is a “Buy and sell on the news” kind of moment. You can make money in the oil […]
The era of cheap natural gas is over, giving way to an age of far more costly energy that will create ripple effects across the global economy. Natural gas, used to generate electricity and heat […]
Saudi Arabia raised its September official selling prices for crude oil by between $0.20 and $0.30 per barrel for Asian buyers to a four-month high. This time, however, their move could backfire, writes Bloomberg. The largest oil […]
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