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Crude Oil

High as $130, Low as $35? Brace For Huge Oil Volatility, Trade Group Says

Supply constraints are expected to drive price volatility for several years.

June 17, 2021

Crude Oil

US Crude Oil Stockpiles Drop Sharply: Report

Analysts said the 7.4 million-barrel drawdown in crude stocks in the week to June 11 to 466.7 million barrels, the fourth consecutive weekly decline, augurs for improved demand in coming weeks.

June 16, 2021

Crude Oil

Oil Likely to Hit $100 a Barrel, Say Top Traders

Top oil traders say $100 crude is looking like a real possibility citing a slowdown in investment in supplies before demand has peaked.

June 16, 2021

Markets

Texas Power Demand to Keep Breaking June Records in Heatwave

Grid operator urges consumers to keep conserving energy.

June 16, 2021

Liquefied Natural Gas (LNG)

Report: Global Fossil Fuel Share of Energy Mix Similar to Decade Ago

Despite climate change pressure and growth in renewables, fossil fuels retain their dominant position.

June 15, 2021

Liquefied Natural Gas (LNG)

US Natural Gas Futures Hold Near 7-month High

Even with warmer weather on the horizon, Refinitiv projected average gas demand would hold around 89.9 Bcf/d this week and next as rising prices prompt power generators to burn more coal and less gas to keep air conditioners humming.

June 15, 2021

Markets

Texas Grid Asks Residents to Conserve Power as Heatwave Hits

The Texas grid operator says the peak demand could surpass 73,000 MW on June 14, which could strain the grid’s capacity to generate power for customers.

June 15, 2021

Crude Oil

What’s Affecting Oil Prices This Week? (June 14, 2021)

Oil prices are still going up, a trend that Stratas Advisors expects to continue during the next month. Here’s why.

June 14, 2021

Crude Oil

Oil Prices Continue to Climb, Extending Three Weeks Gains

Goldman Sachs said last week it expects Brent to rise to $80/bbl this summer as the rollout of inoculations boosts economic activity around the world.

June 14, 2021

Crude Oil

Expert: Energy-hungry Emerging Economies Need and Want Oil

The higher energy density of fossil fuels appeals to developing countries pursuing affordable fuel sources.

June 14, 2021