Middle East Crude Benchmarks rise; Oman, Dubai premiums lower than Sept average
Middle East crude benchmarks rose on Tuesday, but the Oman and Dubai premiums remained below September average. SINGAPORE CASH DEALS Cash Dubai’s premium to swaps rose 15 cents to $1.81 a barrel. OSP...
View ArticleBrent crude falls $4 a barrel on easing supply fears
Brent crude futures, the international oil benchmark, fell $4 a barrel on Tuesday as fears of supply interruptions from the conflict between Israel and Iran and a massive Gulf of Mexico hurricane...
View ArticleHigh global oil inventories
Amid the escalating conflict within the Middle East, experts expect lower global oil prices in 2025 compared with this year due to the build-up of global oil inventories. If this scenario pans out, it...
View ArticleU.S. natural gas-fired electricity generation set new daily records in summer...
U.S. natural gas-fired power plants generated more than 7 million megawatthours (MWh) of electricity on August 2, 2024, according to our Hourly Electric Grid Monitor, making up almost half of all...
View ArticleHow to trade WTI crude oil amid US recession, Iran-Israel war concerns?
The global economic rout triggered a sell-off in industrial commodities, with crude oil falling to fresh seven-month lows on Monday. Brent futures settled above $76 a barrel, the lowest level since...
View ArticleAPI weekly crude stock sees unexpected surge, indicating weaker demand
The American Petroleum Institute (API) reported a significant increase in its weekly crude stock, reflecting a possible weakening in demand for petroleum products. The actual inventory level surged to...
View ArticleWhy oil and gas markets are dreading the risk of supply disruption in the...
An escalating conflict in the Middle East has thrust the world’s most important oil artery back into the global spotlight. The Strait of Hormuz is widely recognized as a vital oil transit chokepoint....
View ArticleOil prices edge up after sliding on potential Israel-Hezbollah ceasefire
Oil prices edged up on Wednesday as developments in the Middle East took centre stage against cautious demand expectations and ahead of a government meeting on China’s fiscal policy. Brent crude...
View ArticleMiddle East Crude-Oman, Dubai premiums edge higher, Murban falls
Middle East crude benchmark premiums for Oman and Dubai edged higher on Wednesday, but the Murban premium inched lower. SINGAPORE CASH DEALS Cash Dubai’s premium to swaps rose 1 cent to $1.82 a barrel....
View ArticleHurricane Milton nears landfall on Florida’s west coast, disrupts energy...
As of 8:00 a.m. eastern time on October 9, Hurricane Milton is expected to make landfall late Wednesday or early Thursday as a major hurricane on the west coast of Florida with sustained winds of 160...
View ArticleOil falls as swelling US supply counters Middle East and hurricane risks
Oil fell by more than $1 a barrel on Wednesday on rising U.S. crude inventories, while the risk of supply disruption from the Middle East conflict and Hurricane Milton in the United States curbed price...
View ArticleTop Kazakh oil field hits record output amid tensions with OPEC+, sources say
Kazakhstan’s biggest oil field Tengiz, operated by U.S. major Chevron CVX.N, boosted output to a record high in October, sources told Reuters, potentially complicating the country’s future efforts to...
View ArticleGeopolitical risk premium in oil market slips slightly, Goldman Sachs says
Geopoliticalrisk premium gauges in the oil market have decreased slightly this week, following sharp increases last week in both Brent implied volatility and call options implied volatility skew,...
View ArticleUS crude stocks rise, gasoline and distillate inventories fall, EIA says
U.S. crude stocks rose as refining activity slipped last week, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.8...
View ArticleUS EIA lowers oil price forecast by $2/b despite Middle East uncertainty
The US Energy Information Administration Oct. 8 lowered its 2024 crude price forecasts by nearly $2/b, and by $6.50/b for 2025, as concerns over global demand growth outweighed the short-term...
View ArticleUS natgas output to decline as demand hits record high in 2024, EIA says
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO). EIA projected...
View ArticleRussia says too early to say if market ready for extra oil from December
Russian Deputy Prime Minister Alexander Novak said it was too early to say if the market would need additional oil volumes, which the OPEC+ group of leading oil producers plan to produce starting from...
View ArticleThe Commodities Feed: US crude inventories build
The US saw large oil inventory additions over the last week which weighed heavily on oil prices yesterday. Meanwhile, comments from International Energy Agency (IEA) officials also suggest a healthy...
View ArticleOil prices rise on US storm, fears of Israel-Iran conflict
Oil prices edged higher on Thursday, underpinned by a spike in fuel demand as a major storm barrelled into Florida, with Middle East supply risks also in focus. Brent crude futures LCOc1 rose 58 cents,...
View ArticleOil prices climb 2% on US storm and Israel-Iran fears
Oil prices climbed about 2% on Thursday on a spike in U.S. fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S....
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