Record-High U.S. Production Weighs on Natural Gas Prices
December 18, 2023
The warmest autumn in the northern hemisphere in nearly a century and a half has pushed natural gas prices in the U.S., Europe, and Asia lower at the start of the winter.
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Revival of Winter Travel Turns Jet Fuel Into Oil’s Bright Spot
December 18, 2023
Soaring demand for travel this winter is boosting refiners’ margins for making jet fuel in Asia, providing a bright spot for the oil market even as the outlook for other transport fuels weakens.
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Asia LNG prices slip on weak demand, high stocks despite China’s cold snap
December 18, 2023
Asian spot liquefied natural gas (LNG) prices fell to a four-month low this week on the back of high inventories and weak demand in both Asia and Europe, despite a cold snap causing below-freezing temperatures across most of China.
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Oil Demand Growth in India to Taper in 2024 After Bumper Run
December 14, 2023
Oil demand growth in the key Asian market of India is set to slow next year as the spurt in consumption that followed the pandemic fades, echoing a slowdown in China and presenting a fresh headwind for prices.
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‘Oil will still be needed’ – producers react to Cop28
December 14, 2023
Saudi Arabia’s energy minister said the final Cop28 deal would not affect the kingdom’s oil and gas exports, as the fossil fuels sector reacted to being included in the climate change conference’s final wording for the first time in its ...
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Are These 3 Energy Stocks a Buy or Hold for December?
December 13, 2023
In the final months of 2023, volatile demand and surging U.S. oil output have exerted pressure on crude prices. Energy research firm FGE predicts that OPEC and its allies will assert greater control over the market in 2024, anticipating ...
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Why gas prices are going down around the US and where it's the cheapest
December 13, 2023
The national average price for a gallon of gas is dropping, with Tuesday's national average at $3.137, according to AAA.
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Asia Naphtha/Gasoline-Gasoline crack eases, Chinese fuel quota in focus
December 12, 2023
Asia’s gasoline markets softened on Monday after rising about 7% last week amid speculation around China’s fuel export quota for next year.
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OPEC will gain more control of the oil market in 2024, and can raise production again in the 2nd half of the year, energy firm says
December 12, 2023
A shaky demand outlook and booming US oil production have weighed on crude prices in the final months of 2023, but according to energy research firm FGE, the Organization of Petroleum Exporting Countries and its allies will get a firmer ...
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Africa’s Largest Oil Refinery Moves Closer to Start-up
December 08, 2023
The Dangote Refinery in Nigeria, Africa’s biggest, is expected to receive on Friday its first of several cargoes of crude oil that would enable it to begin initial runs, the Dangote group said in a statement seen by Reuters.
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