Commodity Pricing

Source: Reuters

U.S. natgas futures rebound in choppy trade despite bearish outlook

BOE Report


U.S. natural gas futures rose in choppy trading on Monday, buoyed by technicals and slightly lower production estimates for the week, although elevated overall output and lower consumption forecasts clouded the outlook.

Front-month gas futures NGc1 for October …

Oil prices rise as supply uncertainty mounts

Oil prices rise as supply uncertainty mounts

CNBC


Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments loomed, with tight supply struggling to meet still robust demand.

 

Brent crude futures rose $1.42, or 1.5%, to …

September 12, 2022 - 11:30 am Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

The G7’s price cap on Russian oil begins to take shape

Nasdaq


WASHINGTON – The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s ability to fund its invasion of Ukraine, a plan analysts say could work in the long term …

Source: Bloomberg

Oil rebounds from 8-month low after hitting oversold territory

World Oil


(Bloomberg) — Oil rebounded from an eight-month low as the market shrugged off a U.S. report showing swelling crude stockpiles and slumping demand.

 

West Texas Intermediate advanced 2% in a move traders characterized as a technical correction …

Source: Reuters

Russia warns the West: energy price cap will be your undoing

Reuters


LONDON – Russia warned the West on Friday that plans to try to cap the price of Russia’s oil and gas exports in retaliation for the war in Ukraine would fail and ultimately lead to the instability of the …

Source: Reuters

EU to claw back energy firms’ profits rather than cap Russian gas price

Yahoo News


BRUSSELS – EU energy ministers on Friday tasked the European Commission to press ahead with a cap on the revenues of non-gas power producers benefiting from soaring energy prices, while backing away from capping Russian gas prices.

 …

Source: Reuters

What recession? The U.S. oil industry won’t stop growing

Oil Price


In Europe, fears of a potentially deep recession continue to take hold. Meanwhile, these fears seem to have subsided in North America—at least in the oil industry. Instead, it’s back to growth mode for the shale patch and …

Source: Reuters

Oil prices firm but economic slowdown worries weigh

Investing


LONDON -Oil prices rose on Thursday after Russia threatened to halt oil and gas exports to some buyers, although weighing on the market were concerns that China’s extension of COVID-19 lockdown measures would slow global economic activity and hit …

Source: Reuters

Oil falls to 7-month low on renewed demand fears, rate hike expectations

BOE Report


Oil prices fell on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel …

Source: Reuters

Zelenskiy advisers ask TotalEnergies to reject Russia ‘blood money’ dividend

US News


PARIS – Two advisers to Ukrainian President Volodymyr Zelenskiy have asked French oil major TotalEnergies to reject a 440 million euro ($438.02 million) “blood money” dividend from one of its Russian holdings or to spend the money on

Source: CNBC

An Iran nuclear deal revival could dramatically alter oil prices — if it happens

CNBC


The return of the Iran nuclear deal could be imminent — and with it, the return of a lot of oil to international crude markets.

 

Before the U.S. resumed sanctions on Iran after former President Donald Trump left …

Source: Reuters

Oil prices inch higher as U.S. fuel inventories fall, dollar weakens

US News


Oil prices recovered slightly on Wednesday as data pointed to firm fuel demand in the United States, providing respite after a 5% drop a day earlier on fear of demand suffering from increased China COVID-19 curbs and central

Source: Reuters

What’s behind Buffett’s renewed interest in Occidental?

Oil Price


By David Messler

Warren Buffett, through Berkshire Hathaway Inc., (NYSE:BRK.A), (NYSE:BRK.B) has been quietly amassing a significant stake in Occidental Petroleum, (NYSE:OXY). As of early August, he had acquired a 20% stake in the common shares of OXY, …

Oil edges down as inflation expected to impact fuel demand

Oil edges down as inflation expected to impact fuel demand

CNBC


Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.

Oil edges down as inflation expected to impact fuel demand- oil and gas 360

Source: Reuters

EU sets sights on energy market reform as prices soar

Nasdaq


BRUSSELS – The European Union is drafting emergency plans to intervene in its energy market, as pressure grows from member states to put a lid on the surging price of electricity.

 

European Commission chief Ursula von der Leyen …

Source: World Oil

Support for fossil fuels almost doubled in 2021, analysis from OECD and IEA shows

World Oil


Major economies sharply increased support for the production and consumption of coal, oil and natural gas, with many countries struggling to balance longstanding pledges to phase out inefficient fossil fuel subsidies with efforts to protect households from surging …

Source: Reuters

Canada sees West Coast LNG revival as world scrambles for gas

BOE Report


Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals.

This time, companies …

Source: Reuters

U.S. natgas futures gain as market braces for Sept expiry

Nasdaq


U.S. natural gas futures edged higher ahead of the expiry of the front-month September contract on Monday, with prices recovering from a more than one-week low hit earlier in the session on forecasts for hotter weather and higher cooling …

Oil rises on prospect of OPEC+ supply cut

Oil rises on prospect of OPEC+ supply cut

CNBC


Oil rose Monday as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth.

 

Oil rises on prospect of OPEC+ supply cut- oil and gas 360

 

Saudi Arabia, de facto leader of the Organization of the Petroleum …

Source: World Oil

U.S. shale on track for $200 billion year, could erase its debt by 2024

World Oil


(Bloomberg) — U.S. shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas production, according to Deloitte LLP.

High …

Source: Reuters

Oil prices down slightly while seeing signs of improving demand

BOE Report


Oil prices were slightly down on Friday, but are seeing signs of improving fuel demand, although further gains were capped as the market awaited clues from the U.S. Federal Reserve chairman on the outlook for rate hikes in …

Source: Reuters

U.S. says had constructive talks with India on Russian oil price cap plan

BOE Recorder


NEW DELHI: The United States had constructive discussions with Indian officials on a proposal to cap prices of Russian oil, US Deputy Treasury Secretary Wally Adeyemo said on Friday, as it seeks global support for a proposal to …

Westwood: Optimistic outlook for onshore drilling following global uptick in demand and dayrates

Westwood: Optimistic outlook for onshore drilling following global uptick in demand and dayrates

World Oil


Latest analysis from Westwood Global Energy Group, a specialist energy market research and consultancy firm, reveals a healthy recovery roadmap for the global land rig market, driven by higher commodity pricing and mounting pressures around energy security.…

Source: Reuters

Oil and gas producers to see record surplus cash from high prices

Nasdaq


HOUSTON – High energy prices could almost double oil producers’ free cash from operations this year to $1.4 trillion, money that can be used to finance a shift to renewable fuels, pay down debt or reward investors, according to …

Source: Reuters

Brent oil holds above $100 a barrel on potential OPEC cuts

US News


Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude futures market and fears about a global economic

Source: Reuters

Oil jumps above $3/bbl on possible OPEC+ supply tightening

US News


NEW YORK -Oil prices soared more than $3 a barrel on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices and with the prospect of a drop in U.S. crude inventories.

The Saudi

Source: World Oil

Europe’s carbon price hits new record as natural gas becomes scarce

World Oil


(Bloomberg) — Europe’s carbon price jumped to a record as the region’s energy crisis is driving up demand for some of the most polluting fuels.

 

Businesses are burning coal and even oil to keep power stations and …

Source; Reuters

Oil falls 2% on concerns economic slowdown may dent fuel demand

Reuters


LONDON: Oil prices fell on Monday in volatile trading, ending three days of gains, on fears aggressive US interest rate hikes may lead to a global economic slowdown and dent fuel demand.

 

Brent crude futures for October settlement …

Source: World Oil

Berkshire Hathaway approved to buy up to half of Occidental Petroleum

World Oil


Warren Buffett’s Berkshire Hathaway Inc. won approval from U.S. regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months acquiring its shares. Occidental’s shares surged on news of the authorization.

Berkshire applied to the …

Source: Reuters

China demand doubts darken mood as miners baulk at energy costs

US News


LONDON – The prospect of a global recession and doubts over economic stimulus in China, the world’s biggest user of raw materials, add to the challenges of mining companies as they grapple with energy costs, raising the risk