Latest

Oil Perks up on Inventory Drawdown Forecasts for This Year

Summary Oil forecasters anticipate stock draws in H2 2024 – analyst Both contracts rise by $1 a barrel Key US data for interest rate cycle expected on Wednesday LONDON, June 12 (Reuters) – Oil prices ticked higher on Wednesday after three key forecasters predicted that global oil inventories would fall in the second half of …

Oil Perks up on Inventory Drawdown Forecasts for This Year Read More »

U.S. Gas Prices are Falling. Experts Point to Mild Demand at the Pump Ahead of Summer Travel

NEW YORK (AP) — Gas prices are once again on the decline across the U.S., bringing some relief to drivers now paying a little less to fill up their tanks. The national average for gas prices on Monday stood around $3.44, according to AAA. That’s down about 9 cents from a week ago — marking …

U.S. Gas Prices are Falling. Experts Point to Mild Demand at the Pump Ahead of Summer Travel Read More »

U.S. EIA Deepens forecast for drop in U.S. natgas output in 2024

U.S. natural gas production will drop more this year than earlier estimates and demand will hit a record, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday. EIA projected dry gas production will ease from a record 103.8 billion cubic feet per day (bcfd) in 2023 to 102.1 bcfd in …

U.S. EIA Deepens forecast for drop in U.S. natgas output in 2024 Read More »