Commodity Pricing

Source: Reuters

EQT’s CEO calls for more American shale investment to end energy crisis

World Oil


(Bloomberg) –The largest U.S. natural gas driller is using the global energy crisis to renew his call for more investment in domestic infrastructure such as pipelines, which he says will enable increased exports and ease shortages.

U.S. gas …

Source: Reuters

EXCLUSIVE-China looks to lock in U.S. LNG as energy crunch raises concerns -sources

Nasdaq


SINGAPORE/NEW YORK, Oct 15 – Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the country’s fuel security, several …

October 15, 2021 - 12:00 pm China, Closing Bell Story‎, Commodity Pricing, Energy News, LNG
Source: Reuters

U.S. natural gas futures climb on winter inventory concerns

World Oil


HOUSTON (Bloomberg) –U.S. natural gas futures climbed after winter stockpiles of the furnace and power-plant fuel expanded less than expected, heightening concerns about adequate supplies going into the peak-demand season.

 

Gas prices have already more than doubled …

Source: Reuters

Brent’s ‘scarcity premium’ widens to most since 2013 in oil rally

Reuters


LONDON – The structure of Brent crude oil futures is showing a “scarcity premium” that has widened to the most since 2013 this week, a sign of the tight market underpinning oil’s rally amid a wider energy crunch as …

Source: CNBC

Goldman Sachs says oil prices could be higher for much longer

CNBC


Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight, according to Goldman Sachs’ head of energy research.

Damien Courvalin, who is also a senior commodity strategist, said the market

Source: World Oil

OPEC credits its oversight with preventing oil price chaos

World Oil


While crude has jumped to a three-year high …

Source: Reuters

Putin’s pledge for more supply can’t stop Europe’s gas price surge

World Oil


(Bloomberg) –European gas futures continued their march upwards on Thursday, even after Russia pledged to deliver as much supply as the continent needs.

Europe’s largest gas supplier is ramping up deliveries in line with requests from customers and …

Source: Reuters

Energy crisis could threaten global economic recovery, says IEA

Reuters


LONDON – A global energy crunch is expected to boost oil demand by 500,000 barrels per day (bpd) and could stoke inflation and slow the world’s recovery from the COVID-19 pandemic, the International Energy Agency (IEA) said on Thursday.…

Source: Reuters

Oil prices rally as IEA sees gas shortages boosting crude demand

World Oil

WTI crude futures rose 1.5% to near the highest level …

Source: Reuters

Volatile energy markets are here to stay, global watchdog warns

CNBC


Energy prices around the world are at record highs as a power crunch hits Europe and Asia — and the International Energy Agency warned Wednesday that volatility is here to stay.

In its annual report, the Paris-based agency said …

Source: World Oil

Biden’s net-zero climate policies drive a 23% hike in U.S. coal usage

World Oil


NEW YORK (Bloomberg) –Donald Trump vowed to revive the coal industry, but it’s President Joe Biden who’s driving a big comeback of the dirtiest fossil fuel.

U.S. power plants are on track to burn 23% more coal this …

Source: World Oil

Putin ready to send more Russian gas to Europe, blames flawed policies for shortage

World Oil


MOSCOW (Bloomberg) – Russia is ready to deliver all of the natural gas that Europe needs, said President Vladimir Putin, blaming the continent’s current energy crisis on flawed policies rather than a lack of supply.

Europe’s largest gas …

Source: Reuters

OPEC trims 2021 demand forecast but says gas price surge could help

Reuters


LONDON -OPEC has trimmed its world oil demand growth forecast for 2021 while maintaining its 2022 view, its monthly report showed on Wednesday, but it said surging natural gas prices could boost demand for oil products as end users …

Source: Reuters

Blackrock CEO says the world is on track to lose climate change fight

World Oil


(Bloomberg) –BlackRock Inc. Chief Executive Officer Larry Fink said emerging economies need about $1 trillion a year over the next three decades for the world to achieve carbon neutrality.

“Right now the emerging world is getting about $150 …

Source: Yahoo Finance

Biden’s options to tame gas prices clash with his climate agenda

Bloomberg


President Joe Biden is under intensifying pressure to keep a lid on rising gasoline and natural gas prices that threaten the economic recovery and Democrats’ political ambitions.

But he has little power to control global energy markets.

“The toolbox …

Source: Reuters

Oil whipsaws in volatile session on energy crunch fears

Reuters


Oil prices steadied after whipsawing in a volatile session on Tuesday, as traders weighed the effect that higher energy costs could have on the global economic recovery.

 

Brent crude fell 4 cents to $83.61 a barrel by 10:46 …

Source Reuters

Energy crunch stokes inflation, economic recovery concerns

Reuters


BEIJING, Oct 12  – Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation and curtail an economic …

Source: Reuters

Oil above $80 spurs a Permian shale drilling revival

World Oil


HOUSTON (Bloomberg) –Oil prices around $80 a barrel are once again spurring a revival of shale drilling in America’s biggest oil field, where production is expected to return to pre-pandemic highs within weeks.

Only this time, the surge …

Source: Reuters

Crude jumps to multi-year highs on global energy crunch

Reuters


LONDON  – Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.

Brent crude was up $1.45, or 1.8%, at …

Source: Reuters

Qatar powerless to ease global energy crisis

Reuters


DOHA/LONDON – Qatar, the world’s largest seller of liquefied natural gas (LNG), told consumers it was powerless to cool energy prices prices as British steelmakers said they could be forced to halt output in the face of soaring costs.…

Source: Reuters

China digs in on coal, oil gains as energy crisis deepens

Reuters


China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record surge in the cost of gas revived demand for the most polluting fossil fuels to keep factories open and

Source: Reuters

Oil rises as global energy crunch takes hold

Reuters


LONDON – Oil prices rose on Friday to trade 4% up on the week, buoyed by a global energy crunch that has helped gas prices to record highs and prompted China to demand increased coal production.

Energy markets have …

U.S. shale drillers show restraint as oil prices rally, adding to OPEC leverage

U.S. shale drillers show restraint as oil prices rally, adding to OPEC leverage

World Oil


HOUSTON (Bloomberg) – U.S. shale oil production will expand at a “modest rate” over the next 18 months even as prices touch multiyear highs, according to BloombergNEF, leaving OPEC in a powerful position as the world cries out …

Source: CNBC

Oil prices could hit an ‘off the charts spike,’ says strategist

CNBC


Oil prices could experience an “off the charts spike” as winter approaches and OPEC and its allies stick to their earlier pact on oil output, a strategist told CNBC.

OPEC+ — the Organization of the Petroleum Exporting Countries, with …

Source: Reuters

Saudis cut oil prices after OPEC+ restraint fuels rally

World Oil


(Bloomberg) –Saudi Arabia reduced oil prices for its main buyers, a day after OPEC+ sent crude futures surging by sticking to a plan for slow and steady supply increases.

State firm Saudi Aramco’s cuts for customers in Asia, …

Source: bloomberg.com

Today’s global energy crisis is just the first in the “clean power” era

World Oil


(Bloomberg) –The world is living through the first major energy crisis of the clean-power transition. It won’t be the last.

The shortages jolting natural gas and electricity markets from the UK to China are unfolding just as demand …

Source: Reuters

COLUMN-How high are oil prices really? Kemp

Nasdaq


How high are oil prices really and what signal are they currently sending to producers and consumers about the need for more output and lower fuel use?

The strength of a price signal depends on both the real level …

Source: World Oil

Oil prices reach seven-year high as OPEC keeps crude supply tight

World Oil


SINGAPORE (Bloomberg) –Oil rose to a new seven-year high after OPEC+ chose to keep supplies fairly tight even as the world grapples with an energy crunch.

Futures climbed above $78 a barrel in New York after surging 2.3% …

Source: Reuters

European natural gas prices hit new records as supply concerns grow

World Oil


(Bloomberg) –European natural gas and power soared to fresh records amid worsening fears over supply.

 

Global fuel shortages are resulting in surging energy prices, disrupting markets from the UK to China, as economies emerge from the pandemic. …

Source: CNBC

Oil analysts predict a prolonged rally as OPEC resists calls to ramp up supply

CNBC


LONDON — Oil prices climbed to multi-year highs shortly after a group of some of the world’s most powerful oil producers opted against a big supply boost.

Now energy analysts believe crude prices could be poised to rally toward …