Citigroup Projects Brent Crude Prices Could Fall to $55/Bbl by Late 2025 -- OPIS

Citigroup Projects Brent Crude Prices Could Fall to $55/Bbl by Late 2025 -- OPIS

Citigroup analysts are projecting Brent crude will average $78/bbl in the second quarter and could continue to slide to $55/bbl by late next year. The bank in a Sunday report said it continues...
March 18, 2024 at 12:49 pm EDT
EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS…

EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS…

EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS VERY HEALTHY - CNBC INTERVIEW ...
March 18, 2024 at 10:20 am EDT
CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOUL…

CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOUL…

CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOULD INSTEAD INVEST IN THEM ADEQUATELY -SAUDI ARAMCO CEO NASSER ...
March 18, 2024 at 10:07 am EDT
Morgan Stanley expects Brent to climb to $90/bbl by summer 2024

Morgan Stanley expects Brent to climb to $90/bbl by summer 2024

Morgan Stanley raised its Brent oil price forecasts by $10 per barrel to $90 for the third-quarter of 2024, citing tighter supply and demand balances on OPEC+ commitment and Russia's oil production...
March 18, 2024 at 09:17 am EDT
China's Jan-Feb coal output slips 4% on high stockpiles, weak price forecasts

China's Jan-Feb coal output slips 4% on high stockpiles, weak price forecasts

China's coal production in January and February fell 4% from the previous year as high stockpiles and forecast lower prices up a damper on mining output. China, the world's largest...
March 17, 2024 at 10:23 pm EDT
IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast -- Update

IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast -- Update

By Giulia Petroni The International Energy Agency lifted its forecast for oil-demand growth this year on an improved outlook in the U.S. and increased bunkering, while it cut estimates for...
March 14, 2024 at 05:41 am EDT
IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast

IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast

By Giulia Petroni The International Energy Agency lifted its forecast for oil-demand growth this year on an improved outlook in the U.S. and increased bunkering, while it cut estimates for...
March 14, 2024 at 05:15 am EDT
IEA sees economic headwinds putting damper on supply growth

IEA sees economic headwinds putting damper on supply growth

The settling down of post-pandemic turbulence and a cloudy economic outlook will rein in demand growth this year, the International Energy Agency said on Thursday, even as shipping disruptions...
March 14, 2024 at 05:03 am EDT
IEA SAYS OIL CONSUMPTION REVERTING TOWARD HISTORICAL TREND AFTER…

IEA SAYS OIL CONSUMPTION REVERTING TOWARD HISTORICAL TREND AFTER…

IEA SAYS OIL CONSUMPTION REVERTING TOWARD HISTORICAL TREND AFTER VOLATILITY OF POST-PANDEMIC REBOUND ...
March 14, 2024 at 05:00 am EDT
Iron ore faces China fundamentals and sentiment hurdles:  Russell

Iron ore faces China fundamentals and sentiment hurdles: Russell

The tables have turned on iron ore with prices coming under pressure from a combination of fundamental and sentiment factors in dominant importer China that are likely to persist over the short term. ...
March 14, 2024 at 01:15 am EDT
Europe gets lucky with a mild, windy winter:  Kemp

Europe gets lucky with a mild, windy winter: Kemp

With only a few more weeks left in the heating season, Europe is on course to end the winter with a record amount of gas in storage, sending prices sliding and dispelling fears about energy security. ...
March 13, 2024 at 09:00 pm EDT
Australian farmers should favour wheat over canola as margins recover, Rabobank says

Australian farmers should favour wheat over canola as margins recover, Rabobank says

Australian farmers should make significantly more money on their crops in 2024/25 than in the previous season thanks to a drop in fertiliser and chemical prices, with plantings likely to favour wheat...
March 13, 2024 at 07:59 pm EDT
Softer spot LNG prices see demand gain, contrast with contract pain:  Russell

Softer spot LNG prices see demand gain, contrast with contract pain: Russell

Lower spot prices for liquefied natural gas in Asia have yet to drive a significant boost in demand for the super-chilled fuel, although there is an increase in appetite from price-sensitive buyers...
March 13, 2024 at 01:15 am EDT
Soybean Futures Rise Following Conab Report -- Daily Grain Highlights

Soybean Futures Rise Following Conab Report -- Daily Grain Highlights

By Kirk Maltais -Soybeans for May delivery rose 1.3% to $11.94 a bushel, on the Chicago Board of Trade on Tuesday, with short-covering supporting soybeans after Conab's report showed a cut in...
March 12, 2024 at 03:25 pm EDT
Gold heads for new record highs

Gold heads for new record highs

On Wednesday, gold prices fluctuated around record levels reached in the previous session, following comments by US Federal Reserve Chairman Jerome Powell, who suggested that interest rate cuts could...
Our Logo March 07, 2024 at 09:41 am EST
UK Energy Regulator Sets Out Network Prices, Five-Year Investment Package

UK Energy Regulator Sets Out Network Prices, Five-Year Investment Package

By Joe Hoppe U.K. energy regulator Ofgem set out Wednesday new local electricty-network price controls for 2023 to 2028, and said it has a five-year investment package for six electricity...
November 30, 2022 at 02:36 am EST
Global executives see Ukraine conflict accelerating energy transition

Global executives see Ukraine conflict accelerating energy transition

Executives at companies across 20 major economies see the Ukraine conflict speeding up the pace of the transition to cleaner energy, rather than slowing it down, a survey by Britain-based law firm...
November 22, 2022 at 08:01 am EST
EU buys less than 25% of seaborne Russian Urals oil in November, data shows

EU buys less than 25% of seaborne Russian Urals oil in November, data shows

Shipments of Russian Urals oil to EU countries by sea are expected to fall to below a quarter of the total in November ahead of an embargo by the bloc, Refinitiv data showed. European Union...
November 22, 2022 at 07:55 am EST
Analysis-Lower oil prices defy robust forecasts for global demand

Analysis-Lower oil prices defy robust forecasts for global demand

Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is actually predicting one....
September 16, 2022 at 07:07 am EDT
Commodities overview:  Copper under pressure

Commodities overview: Copper under pressure

There's still much turmoil on commodities markets. Let's see what's behind the variations in the prices of energy, metals and agricultural commodities.
Our Logo September 12, 2022 at 11:30 am EDT
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