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Summary US says talks in Qatar could reach Gaza ceasefire agreement Russia attacks Ukrainian energy infrastructure overnight Speculators raise U.S. crude oil net longs-CFTC US oil rig counts falls by one to 509 this week, Baker Hughes says (Reuters) – Oil prices slipped on Friday and were flat on the week as the possibility of …
Oil Prices Down on Gaza Ceasefire Talks, Flat on the Week Read More »
(Reuters) – U.S. efforts to build a domestic supply chain for solar energy components is stalled and will require urgent government action to support the factories needed to compete with China, according to a report published on Wednesday. The analysis by Guidehouse Insights, commissioned by the Solar Energy Manufacturers for America Coalition, said existing federal …
U.S. Solar Factories Need More Government Support to Succeed, Report Says Read More »
Summary Crude falls from multi-month highs Investors await U.S. Federal Reserve interest rate announcement U.S. crude, gasoline stocks fell last week – API LONDON, March 20 (Reuters) – Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later …
Oil Retreats From Multi-Month Highs Ahead of Fed Decision Read More »
At least two exporters have pushed back investment decisions Asian buyers are becoming reluctant to sign on to US plants The Biden administration’s pause on new licenses for liquefied natural gas exporters is already stalling progress for projects that were aiming to come online later this decade. Several LNG buyers have delayed signing new long-term …
Biden’s LNG Freeze Delaying Projects and Risking U.S. Market Share Read More »
(Reuters) – Oil prices edged lower on Friday but were on track to gain over 3% for the week, boosted by the International Energy Agency raising its 2024 oil demand forecasts and an unexpected decline in U.S. stockpiles. Brent crude oil futures were down 45 cents or 0.6% to $84.83 a barrel at 1155 GMT, …
Oil Prices Edge Lower but Set to End Week Over 3% Higher Read More »
Summary IEA raises 2024 oil demand forecast by 110,000 bpd Houthi attacks on shipping lead to longer routes Economic headwinds still seen putting damper on growth LONDON, March 14 (Reuters) – The International Energy Agency raised its view for oil demand growth by 110,000 barrels per day (bpd) from its previous month’s forecast as Houthi …
IEA Again Raises Oil Demand Outlook But Still Lags OPEC Read More »
U.S. motorists are likely to see gasoline prices turn sharply higher in the coming weeks as major refinery outages have cut supplies ahead of a seasonal jump in demand, analysts said. The national average price for a gallon of gasoline has increased more than 9% from the start of the year to hover around $3.40 …
US Pump Prices Set to Jump as Refinery Outages Nip Supply, Analysts Say Read More »
Oil prices extended gains on Thursday, as investors digested the International Energy Agency’s (IEA) latest oil market report, in which it made an upward revision to demand growth forecasts and cut its projection for non-OPEC supply in 2024. Brent crude futures for May rose 72 cents, or 0.86%, to $84.75 a barrel by 1021 GMT. …
Oil Prices Rise as Revised IEA Forecasts Suggest Tighter Market Read More »
(Reuters) – Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking infrastructure, a report by the International Energy Agency said on Wednesday. However, the agency said it was optimistic new satellites could help improve monitoring and transparency around leaks …
Methane Emissions from Energy Sector Near Record High in 2023, IEA Says Read More »
Summary API data shows drop in U.S. oil and fuel stocks, sources say Russian refineries attacked by Ukraine; Rosneft plant damaged OPEC remains upbeat on oil demand growth U.S. rate cut hopes have not been derailed by inflation data (Reuters) – Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian …
Oil Rises on Russian Refinery Attacks, Signs of Strong Demand Read More »
