Auto Added by WPeMatico
(Reuters) – Goldman Sachs raised its oil price forecasts on Sunday due to elevated supply risks and said Brent could rise to $140 a barrel in 2027 if Gulf oil output stays 3.5 million bpd below its 2025 average. The bank raised its December Brent crude oil price forecast to $105 a barrel from $90, …
Goldman Sachs Raises Oil Price Forecasts, Sees Brent Upside at $140 a Barrel Read More »
(Reuters) – France’s foreign minister said on Friday that any renewed escalation between Iran and the United States would only have losers and raise oil prices. “A further escalation between Iran and the United States would leave no winners and would likely have very serious consequences for hydrocarbon prices,” Jean-Noel Barrot told reporters in Istanbul …
Potential Escalation Between Iran and United States Would Only Have Losers, Says France Read More »
(Reuters) – The global average crude freight rate remains seven times higher than a year ago and is unlikely to fall sharply while the Middle East conflict persists, posing some upside risk to Goldman Sachs’ Brent price forecast, the bank said in a note dated Tuesday. The global average crude freight rate surged above $20/bbl …
Goldman Says High Freight Costs Pose Upside Risk to its Brent Forecast Read More »
Aramco CEO says replenishing global inventories could take up to two years ConocoPhillips chair says global oil demand may not recover until 2028 or 2029 About 6 million bpd of refined products supply is missing, Kuwait Petroleum CEO says LONDON, Oct 5 (Reuters) – Shipping bottlenecks, deep cuts in refinery output and inventory draws that …
Oil Market Turmoil Could Last for Years, Executives Say Read More »
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 …
Talk of US Export Ban on Diesel Deepens US Crude Futures’ Discount to Global Benchmark Read More »
(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 …
US Natgas Prices Fall 4.6% on Lower Demand Forecasts, Work on West Virginia Pipe Read More »
(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 …
Oil Jump Sends 30-Year Yields to Two-Decade High Read More »
(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 …
EQT Sees Higher 2026 US Natgas Output on Lower Spending, CEO Says Read More »
(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 …
Goolsbee: Clear ‘What Has to Happen’ if Inflation Does Not Decline Read More »
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 …
Energy Bills Forecast to Jump 25%, Bloomberg Analysis Finds Read More »
