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JP Morgan Says Strait of Hormuz Closure Could Trigger a Sustained Oil Price Shock

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(Reuters) – JP Morgan believes that a Strait of Hormuz closure would likely trigger a sustained oil price shock that will reverberate through global macro developments, the bank said in a note. It said that in the most extreme case of a broader regional conflagration that includes the closure of Hormuz, it estimates oil prices …

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Citi Sees Oil Prices of $75-$78/bbl if War Disrupts 1.1 mln bpd of Iran’s Oil Exports

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June 19 (Reuters) – An escalation of the Iran-Israeli hostilities could keep Brent oil prices trading about 15% to 20% above pre-conflict levels if the war disrupts 1.1 million barrels per day (bpd) of Iranian oil exports, analysts at Citibank said on Thursday. “This implies Brent prices should be in the $75 to $78/bbl range,” …

Citi Sees Oil Prices of $75-$78/bbl if War Disrupts 1.1 mln bpd of Iran’s Oil Exports Read More »

JP Morgan Maintains 2025 Forecast for Oil Prices in Low-to-Mid $60s

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JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case scenarios could send prices surging to double those levels. U.S. President Donald Trump said on Wednesday the United States was moving personnel out …

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Data Centers Prompt US to Boost Power-Usage Forecast by 92%

Electricity Grid, Energy Topics & Technology, Forecasts, Latest, US News / By

By Will Wade US data centers are rapidly driving up demand for power, with the official forecast for electricity consumption next year almost doubling in the past month. Total power usage in the US is expected to climb 2.15% in 2026, spurred largely by a 5% spike from commercial users because of the expansion of …

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Goldman Urges Investors to Buy Gold and Oil as Long-Term Hedges

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By Sybilla Gross and Yongchang Chin Goldman Sachs Group Inc. touted gold and oil as hedges against inflation in long-term portfolios, citing the appeal of bullion as a haven amid concerns over US institutional credibility and crude’s ability to protect against supply shocks. Analysts including Daan Struyven said investors with so-called 60/40 portfolios — an …

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Goldman Sachs Lowers Oil Price Forecast After OPEC+ Decision to Boost Output

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Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday. The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down …

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Barclays Cuts 2025 Brent Crude Forecast on Trade Tensions, OPEC+ Shifts

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(Reuters) – Barclays lowered its Brent crude forecast on Monday by $4 to $70 a barrel for 2025 and set its 2026 estimate at $62/b, citing “a rocky road ahead for fundamentals” amid escalating trade tensions and OPEC+’s pivot in its production strategy. Despite oil market fundamentals evolving “significantly better than expected” in early 2025, …

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Baker Hughes Forecasts Drop in Producer Spending as Tariffs Pinch Demand

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By Arathy Somasekhar and Mrinalika Roy Baker Hughes sees 2025 upstream capex down by high-single digits Warns of tariff cost impact, working to raise domestic sourcing LNG technologies and equipment seen as bright spot for Baker HOUSTON, April 23 (Reuters) – U.S. oilfield service provider Baker Hughes (BKR.O) on Wednesday forecast steeper drops in spending …

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US Natgas Futures Prices Decline on Worries About AI Power Demand Growth

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

(Reuters) – U.S. natural gas futures have fallen from a 26-month high hit last month in part due to investor worries that slower economic growth could reduce the amount of gas needed to power data centers and artificial intelligence (AI) in coming years. Analysts have warned that the fallout from U.S. President Donald Trump’s on-again …

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Kinder Morgan Maintains Annual Profit Forecast on Soaring Natgas Demand

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

By Vallari Srivastava Kinder Morgan narrowly misses first-quarter profit estimates Expects tariffs impact to be roughly 1% of the total project costs Remains bullish on natural gas demand April 16 (Reuters) – U.S. pipeline and terminal operator Kinder Morgan (KMI.N) left its annual profit forecast unchanged on Wednesday, as it continued to bank on demand …

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