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What’s Affecting Oil Prices This Week? (Aug. 8, 2022)
2022-08-08 - Stratas Advisors expects oil prices will rebound from the current level and, for the most part, remain throughout the third quarter within the channel between $100 and $120. Here’s why.
US Power Use to Rise in 2022 as Economy Keeps Growing: EIA
2022-06-08 - The EIA said natural gas’ share of power generation will hold at 37% in 2022, the same as 2021, then slide to 36% in 2023. Coal’s share will drop from 23% in 2021 to 21% in 2022 and 20% in 2023 as renewable output rises.
OPEC+ Set to Stick to Modest Oil Output Hike for July: Sources
2022-05-26 - Record production cuts by OPEC+ are set to be fully unwound by the end of September but the group’s oil output has been falling sharply in reality as sanctions and buyer reluctance hit Russian output, and Nigeria and Angola pump well below target.
US Natgas Plunges 17% on Long Texas Freeport LNG Outage
2022-06-15 - “Freeport’s outages will place a ceiling on demand, providing additional power behind expected storage injections in the near term,” analysts at Gelber & Associates said.
OPEC Keeps Forecast for 2022 Oil Demand to Exceed Pre-pandemic Levels
2022-06-15 - At its last meeting on June 2, OPEC+ brought forward oil production rises to offset Russian losses and smooth the way for a visit to Saudi Arabia by U.S. President Joe Biden.