More Top Stories in Markets
Business
Shrinking Spare Oil Capacity Underscores Need for More Investment, IEA Says
Spare capacity is an important cushion for the oil market as it allows producers to quickly respond to unplanned outages that could tighten the market and cause big fluctuations in prices.
Crude Oil
Saudi Arabia Energy Minister Dismisses Calls for Extra OPEC+ Barrels
OPEC and allies led by Russia, collectively known as OPEC+, have done a “remarkable” job acting as “so-called regulator of the oil market,” says Saudi Arabia energy minister Prince Abdulaziz bin Salman.
Crude Oil
IEA: Energy Crisis Could Threaten Global Economic Recovery
Oil and natural gas prices have soared to multiyear highs recently, sending power prices surging to record levels as widespread energy shortages engulf Asia and Europe.
Natural Gas
Putin Says Russia can Help Europe, Not Using Gas as a Weapon
Europe's gas squeeze has shone a spotlight on Russia, which accounts for a third of the region's supplies, prompting European politicians to blame Moscow for not pumping enough.
Exploration & Production
White House Asks US Oil, Gas Companies to Help Lower Fuel Costs
Natural gas prices are up sharply this year, the result of supply shortages and stronger-than-expected demand in Europe and Asia.
Exploration & Production
EIA Outlook Points to Growing Energy Demand, Rising Emissions
The EIA projects renewable energy use grows to nearly the same level as liquids fuel by 2050, accounting for 27% of 2050 global energy consumption.
Natural Gas liquids (NGL)
US Home Heating Bills Seen Much Higher This Winter, EIA Says
Residents could pay almost $3.50 per gallon for heating oil this winter.
Natural Gas
OPEC Trims 2021 Demand Forecast but Says Gas Price Surge Could Help
Natural gas prices at record highs could provide a potential headwind to oil demand growth, OPEC said.
Exploration & Production
What Higher Gas Prices Mean for US Shale This Winter
Gas prices have rallied, but what will be the implications for the North American shale market in the months ahead?
Crude Oil
Oil Falls on Fears Inflation May Dent Fuel Demand Growth
The International Monetary Fund cut its growth outlooks for U.S. and other major economies amid supply chain disruptions and cost pressures.