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Devon Energy provides Full-Year Forecast After Merger With Coterra Energy

Energy Topics & Technology, Exploration & Production, Forecasts, Latest, Mergers and Acquisitions, US News / By

June 9 (Reuters) – Devon Energy (DVN.N) on ​Tuesday said it expects ‌production to average 1.38 million barrels of oil equivalent per ​day in 2026, including ​oil output of 500,000 barrels ⁠per day, following the completion ​of its merger with ​Coterra Energy. The U.S. oil and gas producer forecast full-year 2026 capital spending ​of about …

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Goldman Sachs Says Global Oil Demand Takes Big Hit, Sees Risks to Price Forecast

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

  Goldman Sachs said in a note on Friday that global oil demand has declined more than expected, posing two-sided risks to its fourth-quarter 2026 Brent crude price forecast of $90 a barrel and WTI forecast of $83 per barrel. The bank estimated 4 million to 5 million barrels per day (mb/d) of global oil …

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Oil Prices Fall on Mounting Hopes for De-Escalation in US-Iran War

Conventional Energy, Energy Topics & Technology, Finance, Forecasts, Latest, Oil, US News / By

Hezbollah leader rejects Lebanon ceasefire deal Iranian oil exports fall to lowest level in six years, data shows OPEC secretary general says oil demand to remain robust, no change to estimates HOUSTON, June 5 (Reuters) – Oil ​prices fell on Friday as traders gained confidence that renewed conflict between the U.S. and Iran ‌was growing …

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US Natural Gas Futures Dip on Lower Flows to LNG Export Plants

Conventional Energy, Energy Topics & Technology, Finance, Forecasts, Latest, Natural Gas, US News / By

By Julian Hast US natural gas futures ended lower as domestic gas flows to liquefied natural gas export terminals along the US Gulf Coast dropped for a third consecutive day. The reduction is concentrated at Sabine Pass LNG in Louisiana and Corpus Christi LNG in Texas. Lower gas flows to terminals leaves more supplies in …

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Goldman Sachs Sees China’s Natgas Destocking Boosting LNG Imports Ahead of Winter

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, LNG, US News / By

(Reuters) – China’s gas destocking signals stronger LNG imports ahead of winter, reinforcing upside risks to European gas prices, particularly if disruptions to Hormuz energy flows persist, Goldman Sachs said in a note on Thursday. The bank said that China’s April gas demand was marginally down year-over-year at 379 billion cubic meters per year (Bcm/y) …

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Oil Prices Climb More Than 3% on Fears of New US-Iran Combat

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Brent and WTI set for hefty weekly gains More vessels have been crossing Strait of Hormuz Ship attacks and seizures remain a worry Trump says he is running out of patience with Iran Iran says it is prepared to resume fighting HOUSTON, May 15 (Reuters) – Oil prices gained more than 3% on Friday, ​climbing …

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JP Morgan Sees Brent Staying in Low $100s Even if Hormuz Reopens in June

CDN and International News, Conventional Energy, Energy Topics & Technology, Finance, Forecasts, Latest, Oil / By

(Reuters) – JP Morgan expects Brent crude to remain in the low-$100s for much of 2026, even if the Strait of Hormuz reopens in June, as accelerating inventory draws and logistical bottlenecks keep the oil market tight, the bank said in a note. JP Morgan’s revised framework assumes that the pace of oil inventory depletion …

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US Natgas Futures Rise 3% as Output Falls and Waha Prices Stay Negative

Conventional Energy, Energy Topics & Technology, Finance, Forecasts, Latest, LNG, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures climbed about 3% to a one-week high on a decline in output in recent weeks. That price increase came despite forecasts for less demand next week than previously expected and ample amounts of gas in storage. Front-month gas futures for June delivery on the New York Mercantile Exchange rose …

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Diamondback Bets on Wider WTI-Brent Gap Amid US Export Ban Concerns

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(Reuters) – U.S. producer Diamondback Energy bought options to sell the price difference between U.S. West Texas Intermediate crude and globally traded Brent crude at around minus $42 a barrel in coming months, according to the company’s quarterly filing, a bet that could pay off if the United States banned oil exports. The unusual hedge …

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SUSPICIOUS TRADING: Oil-Price Bets Ahead of Iran War News Totalled $7 Billion, Reporting Shows

CDN and International News, Conventional Energy, Energy Topics & Technology, Finance, Forecasts, Latest, Oil / By

(Reuters) – A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by U.S. President Donald Trump, according to traders, market experts and Reuters analysis of exchange data. The …

SUSPICIOUS TRADING: Oil-Price Bets Ahead of Iran War News Totalled $7 Billion, Reporting Shows Read More »

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