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Prices could rise to a level that will constrain demand OPEC regained control of the market, says Sebastian Barrack Bloomberg Global oil markets are on track to be “extremely tight” in the second half, with prices rising to a level that will eventually constrain demand if OPEC doesn’t bring back more supply, said the head …
Oil Market to Get ‘Extremely Tight’ in Second Half, Citadel Says Read More »
Intensifies fears of commodity-driven inflation resurgence Bloomberg News When oil prices jumped above US$90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence. A recent move by Mexico to slash its …
Odds of $100 Oil Rise as Supply Shocks Convulse the Market Read More »
LITTLETON, Colorado, April 9 (Reuters) – Utilities in the United States are on track to cut the share of coal in national power generation to record lows over the coming months, as the heating demand season ends and output from clean power sources such as solar and wind farms hits record highs. During the first …
U.S. Power System Set to Cut Coal Use to Record Lows Read More »
(Reuters) – Prices for heavier crude oil along the U.S. Gulf Coast have climbed in recent weeks, trading at a rare near-par with lighter oil, a sign of supply tightness that could add to rising gasoline prices. Refineries along the Gulf Coast, which account for more than 55% of total U.S. refining capacity, are geared …
U.S. Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten Read More »
(Reuters) – Oil prices edged higher on Tuesday, after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza, and on Mexico’s plan to remove more crude from the global market. Brent crude futures rose 28 cents, or 0.31%, to $90.66 a barrel by 1002 GMT. U.S. West Texas Intermediate …
Oil Prices Turn Higher as Middle East Ceasefire Hopes Wane Read More »
By John Kemp (Reuters) – Portfolio investors are increasingly bullish about oil as Saudi Arabia and its OPEC⁺ allies restrict production in the face of rising demand and the shadow war between Israel and Iran spills into the open. Hedge funds and other money managers purchased the equivalent of 37 million barrels in the six most …
Oil Funds Turn Bullish as Mideast Conflict Intensifies Read More »
U.S. natural gas futures climbed about 3% on Monday on forecasts for more demand this week than previously expected and a continued drop in output as producers reduce drilling activities after gas prices fell to 3-1/2-year lows in February and March. Gas prices increased despite forecasts for milder weather and lower demand next week than …
U.S. Natgas Prices Climb 3% on Forecasts for More Demand, Less Output Read More »
View of a hybrid power park with solar panels and wind turbines in Sabugal, Portugal, January 12, 2023. REUTERS/Pedro Nunes/File Photo By Gavin Maguire LITTLETON, Colorado, April 8 (Reuters) – The energy transition away from fossil fuels towards cleaner sources of power and electricity is advancing on every continent, but at an uneven pace due to …
Taking Stock of Clean Electricity Progress in Key Markets Read More »
Brokerage Raymond James says its global industry survey of upstream oil companies shows an uptick of 3% in capex spending in 2024, plateauing after 2023. ** Says global spending in 2024 would mark a fourth consecutive increase, albeit the slowest one – there is, however, a cumulative drop of 33% from the peak level of …
Raymond James Expects Global Oil, Gas Upstream Capex Spending to Rise 3% in 2024 Read More »
Infinium counts Bill Gates as an investor and has fuel buyers that include Amazon and American Airlines. Now, the company is trying to scale up. The economy of Corpus Christi, Texas, is largely built on fossil fuels. A stone’s throw away from major oil and gas fields, the port city is home to dozens of …
A Gates-Backed Startup Is Making Fuel From Water and Carbon Dioxide Read More »
