Commodity Pricing

Source: Reuters

U.S. natural gas steady on mild weather ahead of expected LNG export gain

BOE Report


U.S. natural gas futures were little changed on Tuesday as the market waits for demand to rise once liquefied natural gas (LNG) export plants start to exit maintenance outages in coming weeks.

 

 

That expected demand increase …

Source: Oil Price

Texas natural gas prices sink close to zero

Oil Price


While U.S. natural gas futures gained more than 4% on Monday, natural gas in the Waha part of the Permian Basin was falling and trading close to zero, traders told Bloomberg on Monday.

 

Flourishing natural gas production …

Source: Reuters

Qatar energy chief says oil and gas trade should be depoliticized

Nasdaq


Saad al-Kaabi, the head of Qatar’s state-run energy company, said on Monday all oil and gas trade should be depoliticized, calling for policies to move away from sanctions and anti-free market agreements.

The comments by Kaabi, who is also …

Source: Oil Price

Biden just put a floor under oil. Will it work?

Oil Price


The Biden administration is ready to sell additional volumes of crude oil from the strategic petroleum reserve after the end of the 180-million-barrel release plan and then it would begin replenishing the SPR once prices fall to $67-$72 …

Source: Reuters

U.S. natural gas slides 2% to 7 month low on mild weather, record output

Nasdaq


U.S. natural gas futures slid about 2% to a fresh seven-month low on Monday on record output and forecasts for mild weather to remain through at least early November.

 

In a move that could help cut U.S. consumer …

Source: Reuters

Oil prices drop as Chinese demand data disappoints

Yahoo Finance


LONDON – Oil prices were steady on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre, but rising equities in key markets marked a brief respite from global recession fears.

Brent crude …

Source; Oil Price

Barclays cuts oil price forecast due to slower demand growth

Oil Price


Barclays lowered on Friday its Brent Crude price forecast for this year and next due to expected slowing growth in oil demand.

 

The UK bank—which slashed in August its Brent oil price forecast to $103 per barrel …

Source: Reuters

Schlumberger beats earnings estimates as Q2 revenues grow by 10%

Oil Price


The world’s largest oilfield services provider Schlumberger (NYSE: SLB), reported on Friday third-quarter earnings beating analyst estimates, thanks to accelerating international drilling activity on top of already robust activity in North America.

 

Schlumberger reported earnings …

Source: Reuters

U.S. natural gas drops 6% to 7 month low, on track for 9th week of losses

BOE Report


U.S. natural gas futures dropped about 6% to a seven-month low on Friday, pressured by forecasts for mild weather, record output and low liquefied natural gas (LNG) exports that have allowed utilities to inject more gas into storage …

Source: Reuters

Oil steadies as rate hike talk offsets China demand hopes

US News


LONDON – Oil prices rose on Friday in choppy trade as hopes of stronger Chinese demand and output cuts by OPEC and its allies offset concern about a global economic downturn and the impact of interest rate rises

Source: Oil Price

Consequences or cooperation: How will the U.S. deal with OPEC?

Oil Price


The relationship between the U.S. and OPEC has always been a fraught one, with America pushing the cartel to slash production when oil prices crash and open the taps when prices soar. While cooperation between the two oil …

Source: Reuters

U.S. natural gas edges up but still near 7-month low after big storage build

Nasdaq

U.S. natural gas futures inched up in choppy trade on Thursday, hovering near their lowest since March, after a mixed reaction to a federal report showing a larger-than-expected storage increase last week, with investors also assessing upcoming seasonal demand.…

Source: Oil Price

Private investors are flocking into oil and gas

Oil Price


Over the past couple of years, Wall Street banks, E&P companies and investors have faced mounting pressure to disinvest in fossil fuels. Last year, BlackRock Inc. (NYSE: BLK), the world’s largest asset manager with $10 trillion in …

Source: CNBC

Oil rises on tight supplies, China possibly easing COVID curbs

CNBC


Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine for inbound visitors.

 

 

Brent crude futures rose $1.15, or …

Source: Oil Price

U.S. Official: OPEC+ cut came at “The worst possible moment”

Oil Price


The OPEC+ group’s decision to reduce its crude oil production target by 2 million barrels per day (bpd) came at “the worst possible moment” and will have a wide-ranging impact on the economy and inflation, Barbara Leaf, Assistant …

Source: Reuters

BlackRock tells UK ‘no’ to halting investment in coal, oil and gas

Nasdaq


LONDON – BlackRock BLK.N, the world’s biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was not to “engineer a specific decarbonization outcome in …

Source: Reuters

Biden to lay out plan to complete emergency oil sales, support U.S. production

US News


WASHINGTON – U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation’s emergency oil reserve by year’s end and detail a strategy to refill the stockpile

Source: Reuters

ANALYSIS-Global natural gas crisis dampens momentum for ‘cleaner’ LNG

Nasdaq


Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG)shipments, as buyers worried about a winter supply crunch prioritize securing shipments of any kind over burnishing their green credentials.

Natural gas can be …

Source: Oil Price

President Biden is planning to release more oil from the SPR

Oil Price


The Biden administration is planning to release another 10 to 15 million barrels of crude from the strategic petroleum reserve, Bloomberg reported today, citing unnamed sources in the know. This release would be the latest in the government’s …

Source: Oil Price

OPEC+ made the Russian oil price cap strategy very risky

Oil Price


The idea of placing a cap on the price of Russian oil as a means of reducing the country’s oil revenues was first floated by U.S. Treasury Secretary Janet Yellen in the spring. Since then, the idea has …

Source: Reuters

Oil prices stable as economic fears offset supply woes

Yahoo Finance


LONDON – Oil prices fell in volatile trade on Tuesday on fears of higher U.S. supply amid economic slowdown and lower Chinese fuel demand.

 

Brent crude futures fell by $1.35, or 1.47%, to $90.27 a barrel by …

Source: Reuters

OPEC+ cuts attract funds back to oil market: Kemp

Nasdaq


LONDON – Portfolio investors continued heavy buying of crude oil futures and options for a second week after OPEC+ cut its production target more than expected.

 

Hedge funds and other money managers purchased the equivalent of 47 million …

Source: Reuters

Oil rises as positive Chinese signals counter recession fears

BOE Report


LONDON – Oil prices edged up on Monday in choppy trading as China’s continuation of loose monetary policy was partly offset by fears that high inflation and energy costs could drag the global economy into recession.

 

Brent …

Source: Bloomberg

Shale oil output threatens to peak in 2024, Energy Aspects says

World Oil


(Bloomberg) — Don’t expect U.S. shale producers to ride to the rescue as the world clamors for more oil, according to Energy Aspects.

 

Oil output from shale basins is at risk of peaking in just two years …

Source: Reuters

U.S. natural gas on track for 8th week of losses on record output

BOE Report


U.S. natural gas futures slid about 2% on Friday as record output and reduced liquefied natural gas (LNG) exports allowed utilities to inject much bigger than normal amounts of gas into storage for the winter over the past …

Source: Reuters

Oil prices fall on recession worries, but supply cuts support

Nasdaq


RIYADH – Neither side is backing down in a battle of wills over oil between Saudi Arabia’s Crown Prince and U.S. President Joe Biden, putting severe strain on their countries’ energy-for-security alliance, although a full rupture looks unlikely, Gulf …

Source: Oil Price

U.S. shale’s debt detox is a huge win for shareholders

Oil Price


North America’s oil and gas producers have reduced their total debts by $26 billion since the end of 2019 as the shale industry made the structural shift from spending to grow production to increasing shareholder returns and strengthening …

Source: Bloomberg

Canadian oil prices collapse despite having plenty of pipelines to move it

World Oil


(Bloomberg) — Canadian heavy crude prices plunged to their biggest discount to futures since 2018 and, this time, the collapse has little to do with a shortage of pipelines.

 

Heavy Western Canadian Select’s discount to West Texas

Source: Reuters

Analysis: Saudi oil power play bruises U.S. ties but won’t break them

US Money


RIYADH – Neither side is backing down in a battle of wills over oil between Saudi Arabia’s Crown Prince and U.S. President Joe Biden, putting severe strain on their countries’ energy-for-security alliance, although a full rupture looks unlikely,

Source: Reuters

Oil prices extend decline on recession fears, China COVID curbs

BOE Report


Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China.

 

Brent crude futures fell 51 …