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.
Texas Power Demand to Keep Breaking June Records in Heatwave
Grid operator urges consumers to keep conserving energy.
Expert: Energy-hungry Emerging Economies Need and Want Oil
The higher energy density of fossil fuels appeals to developing countries pursuing affordable fuel sources.
OPEC Sticks to Forecast of Oil Demand Surge
In a monthly report on June 10, OPEC said oil demand would rise by 6.6% or 5.95 million bbl/d this year.
The Latest
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.
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.
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.
Markets
Texas Power Demand to Keep Breaking June Records in Heatwave
Grid operator urges consumers to keep conserving energy.
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.
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.
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.
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.
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.
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.