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Talk of US Export Ban on Diesel Deepens US Crude Futures’ Discount to Global Benchmark

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By Georgina Mccartney WTI trades at $12.02 a barrel below Brent, widest discount since May 6 Analysts say diesel export ban could cut US refinery crude runs by 12% US energy secretary gauges refiners’ support for voluntary export restraint, sources say HOUSTON, Sept 25 (Reuters) – Washington’s talk of a possible ban on diesel exports …

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US Natgas Prices Fall 4.6% on Lower Demand Forecasts, Work on West Virginia Pipe

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(Reuters) – US natural gas futures fell about 4.6% on Friday on forecasts for less demand next week than previously expected and a perception in the market that the problem with the Mountaineer Xpress pipe in West Virginia will be fixed relatively soon. On their second-to-last day as the front month, gas futures for October …

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Oil Jump Sends 30-Year Yields to Two-Decade High

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(Reuters) – Bond markets came under renewed pressure on Thursday with US 30-year bond yields hitting a more than 20-year high as rising oil prices reignited concerns about higher inflation and more Federal Reserve interest rate hikes. Oil prices climbed about 3% to a one-week high after a Houthi missile attack on Saudi Arabia revived …

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EQT Sees Higher 2026 US Natgas Output on Lower Spending, CEO Says

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(Reuters) – EQT, the second-biggest US natural gas producer, plans to pull more gas out of the ground in 2026 while spending less money than last year to meet growing global demand, CEO Toby Rice told Reuters on Tuesday. He said record production will come despite curtailed production in recent months by EQT and others …

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Goolsbee: Clear ‘What Has to Happen’ if Inflation Does Not Decline

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(Reuters) – Chicago Fed president Austan Goolsbee said he is open to the possibility that inflation will begin declining to the 2% target, but if that does not happen interest rates will need to rise. “Right now, we do not have an employment problem, and we do have an inflation problem,” Goolsbee said. “I’m open …

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Energy Bills Forecast to Jump 25%, Bloomberg Analysis Finds

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By Eamon Farhat UK household energy bills are poised to jump by about 25% in January amid sharpened tensions in the Middle East, according to a Bloomberg Economics forecast that threatens to upend Prime Minister Andy Burnham’s drive to bear down on the cost of living. The regulator Ofgem will use energy futures prices observed …

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Banks Hike Oil Price Forecasts on Prolonged Gulf Disruptions

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(Reuters) – Banks including Goldman Sachs, Bank of America, and Commerzbank raised their Brent price forecasts this week, as persistent disruptions to Middle East shipping tightened oil markets and drove crude prices to multi-week highs. Commerzbank on Friday raised its year-end Brent oil price forecast to $85 per barrel from its previous forecast of $75/bbl. …

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US Crude Oil Output Fell in May, While Exports Hit Record, EIA Says

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(Reuters) – U.S. crude oil output fell about 2% in May from a record in April, while exports hit a record high for the second-consecutive month, according to data published by the U.S. Energy Information Administration on Friday. Crude oil production in May averaged 13.71 million barrels per day, whereas exports rose to 5.73 million …

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Oil Prices Settle at Lowest in Over a Week, as US Pauses Attacks on Iran

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Trump pauses attacks to allow more time for diplomacy, US ambassador says Trump threatens strong military action if talks with Iran fail Strait of Hormuz traffic stays low despite pause in conflict Kazakhstan’s daily oil output halves after exporting terminal closure, source says NEW YORK, July 27 (Reuters) – Oil prices fell on Monday, settling …

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Goldman Sachs Maintains Brent Forecast of $80/barrel for Fourth Quarter of 2026

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(Reuters) – Goldman Sachs maintained on Thursday its Brent crude forecast of $80/barrel for the fourth quarter of 2026, saying lower Middle East supply should support prices if tensions between the United States and Iran ease by year-end. The investment bank said its forecast reflects price support from lower Middle East output in the second …

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