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.

October 14, 2021

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.

October 14, 2021

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.

October 14, 2021

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.

October 14, 2021

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.

October 13, 2021

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.

October 13, 2021

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.

October 13, 2021

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.

October 13, 2021

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?

October 13, 2021

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.

October 13, 2021