US Natgas Prices Jump 10% On Lower Output, Higher Demand and Technical Buying
(Reuters) – U.S. natural gas futures soared about 10% on Tuesday on a decline in daily output, forecasts for more demand next week, long-term forecasts for a hotter-than-normal summer and…
Stronger US Hurricane Season Could Mean More Oil Supply Outages
(Reuters) – An expected stronger hurricane season than average raises the risk of weather-related production outages in the U.S. oil industry, the U.S. Energy Information Administration said on Tuesday. WHY…
US Shale to Plateau if Oil Stays in Current Range, ConocoPhillips CEO Says
U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of said…
US Lifts Ban on New York Offshore Wind Project After Gas compromise
Summary Equinor resumes work on Empire Wind Had been halted by interior secretary in April Compromise on wind and suspended gas pipeline reached (Reuters) – The Trump administration has lifted…
AI Power Demand is Generating Hallucinations
(Reuters Breakingviews) – A sprawling global network of silicon has sprung up to power artificial intelligence. Housed within data centers, these chips demand vast sums of electricity to crunch the…
Oil Steadies as Market Assesses US-Iran Talks, Demand Signals
(Reuters) – Oil prices steadied on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy.…
US Natgas Futures Fall 7% to 3-Week Low on Rising Output, Spot Waha Prices Turn Negative
That pipeline work in Texas trapped some gas in the Permian shale and caused spot prices at the Waha hub to turn negative for the fourth time this year. Gas…
US DOE to Begin Issuing Orders for Pending LNG Export Permits
The U.S., the world’s largest LNG exporter, is on track to triple its export capacity by the end of the decade. The pause threatened to limit the U.S. ability to…
Goldman Remains Cautious on Oil Prices as Higher Iranian Supply Prospects Weigh
“We are maintaining our Brent/WTI oil price forecasts of $60/56 ($4 below the forwards) for the remainder of 2025 and $56/52 ($8 below the forwards) in 2026,” the bank said.…
Lifting US Sanctions on Iran Could Crush China’s ‘Teapot’ Oil Refineries
By Summary Chinese independent refineries accounted for 77% of Iran 2024 exports Iranian imports are discounted, offering profits uplift Removal of sanctions will undermine teapots’ business model LONDON, May 19…
