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The Latest Breaking News from EIA

Crude Oil Prices Rise on Some Short Covering

Oct WTI crude oil (CLV24 ) today is up +1.09 (+1.52%), and Oct RBOB gasoline (RBV24 ) is up +2.13 (+1.04%). Crude oil and gasoline prices today are moderately higher as technical indicators showed crude prices were near oversold levels after falling to a 2-week low Wednesday. Crude also has...

Crude Tumbles on Energy Demand Concerns

Crude Tumbles on Energy Demand Concerns

Oct WTI crude oil (CLV24 ) Wednesday closed down -1.24 (-1.69%), and Oct RBOB gasoline (RBV24 ) closed down -3.22 (-1.55%). Crude oil and gasoline prices Wednesday gave up early gains and tumbled to 6-1/2 month lows. US energy demand concerns are undercutting crude prices after the US Bureau of...

Nat-Gas Prices Weighed Down by a Mixed Weather Outlook

Nat-Gas Prices Weighed Down by a Mixed Weather Outlook

Sep Nymex natural gas (NGU24 ) on Wednesday closed down by -0.021 (-0.96%). Sep nat-gas prices Wednesday closed lower for a second day on a mixed weather outlook. NatGasWeather said Wednesday that forecasts have shifted hotter for most of the US from August 26-September 4, which should boost nat-gas demand...

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Crude Slightly Lower on US Energy Demand Concerns

Sep WTI crude oil (CLU24 ) today is down -0.07 (-0.10%), and Sep RBOB gasoline (RBU24 ) is down -2.04 (-0.98%). Crude oil and gasoline prices today gave up early gains and turned lower, with gasoline falling to a 6-1/2 month low. US energy demand concerns are undercutting crude prices...

Crude Prices Edge Lower on Hopes for an Israel-Hamas Cease-Fire

Sep WTI crude oil (CLU24 ) Tuesday closed down -0.33 (-0.44%), and Sep RBOB gasoline (RBU24 ) closed down -0.75 (-0.33%). Crude oil and gasoline prices Tuesday fell moderately, with crude posting a 1-1/2 week low and gasoline falling to a 6-1/2 month low. Hopes for a cease-fire deal between...

Nat-Gas Prices Give Up Early Gains on Forecasts for Cooler US Weather

Sep Nymex natural gas (NGU24 ) on Thursday closed down by -0.022 (-0.99%). Sep nat-gas prices on Thursday fell back from a 3-1/2 week high and posted moderate losses on forecasts for cooler US temperatures, which will curb nat-gas demand from electricity providers to run air conditioning. The Commodity Weather...

Crude Settles Lower After EIA Crude Inventories Unexpectedly Increase

Sep WTI crude oil (CLU24 ) on Wednesday closed down -1.37 (-1.75%), and Sep RBOB gasoline (RBU24 ) closed down -5.36 (-2.26%). Crude oil and gasoline prices on Wednesday gave up early gains and posted moderate losses after weekly EIA crude inventories unexpectedly increased. Crude prices Wednesday initially moved higher...

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Nat-Gas Prices Push Higher on the Outlook for Hotter US Temps and Smaller Inventories

Nat-Gas Prices Push Higher on the Outlook for Hotter US Temps and Smaller Inventories

Sep Nymex natural gas (NGU24 ) on Wednesday closed up by +0.071 (+3.31%). Sep nat-gas prices on Wednesday rallied to a 3-week high on forecasts for hotter US weather that would boost nat-gas demand from electricity providers to run air conditioning. Forecaster Maxar Technologies said Wednesday that forecasts have shifted...

Crude Prices Fall on an Unexpected Build in EIA Crude Inventories

Crude Prices Fall on an Unexpected Build in EIA Crude Inventories

Sep WTI crude oil (CLU24 ) today is down -0.95 (-1.21%), and Sep RBOB gasoline (RBU24 ) is down -2.90 (-1.22%). Crude oil and gasoline prices today gave up an early advance and turned lower after weekly EIA crude inventories unexpectedly increased. Crude prices today initially moved higher after the...

Crude Prices Settle Lower as Iran Has Yet to Attack Israel

Crude Prices Settle Lower as Iran Has Yet to Attack Israel

Sep WTI crude oil (CLU24 ) on Tuesday closed down -1.71 (-2.14%), and Sep RBOB gasoline (RBU24 ) closed down -6.84 (-2.80%). Crude oil and gasoline prices retreated on Tuesday as Iran has yet to attack Israel. Crude prices surged Monday to a 3-week high on fears of an imminent...

Nat-Gas Posts Moderate Gains on Carryover Support From Thursday's EIA Report

Nat-Gas Posts Moderate Gains on Carryover Support From Thursday's EIA Report

Sep Nymex natural gas (NGU24 ) on Friday closed up by +0.016 (+0.75%). Sep nat-gas prices rose to a 2-week high on Friday and closed moderately higher on positive carryover from Thursday when the EIA reported a smaller-than-expected build in weekly nat-gas inventories. Nat-gas prices Friday also garnered some carryover...

Nat-Gas Prices Climb as Weekly Inventories Rise Less Than Expected

Nat-Gas Prices Climb as Weekly Inventories Rise Less Than Expected

Sep Nymex natural gas (NGU24 ) on Wednesday closed up by +0.015 (+0.71%). Sep nat-gas prices Thursday climbed to a 2-week high after weekly EIA nat-gas supplies rose less than expected. The EIA reported that nat-gas inventories rose +21 bcf, below expectations of +25 bcf and below the five-year average...

Crude Prices Settle Higher as US Economic Concerns Ease

Crude Prices Settle Higher as US Economic Concerns Ease

Sep WTI crude oil (CLU24 ) on Thursday closed up +0.96 (+1.28%), and Sep RBOB gasoline (RBU24 ) closed up +4.19 (+1.78%). Crude oil and gasoline prices posted moderate gains on Thursday. Crude oil prices rallied on reduced US recessionary fears after weekly jobless claims fell more than expected. Crude...

Crude Prices Supported by Easing of US Economic Concerns and Tight Inventories

Crude Prices Supported by Easing of US Economic Concerns and Tight Inventories

Sep WTI crude oil (CLU24) today is up +0.95 (+1.26%), and Sep RBOB gasoline (RBU24) is up +3.31 (+1.40%). Crude oil and gasoline prices today are moderately higher. An easing of US recessionary fears boosted crude prices today after weekly jobless claims fell more than expected. Crude prices also have...

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Crude Settles Higher on Geopolitical Risks and a Drop in EIA Crude Inventories

Sep WTI crude oil (CLU24 ) on Wednesday closed up +2.03 (+2.77%), and Sep RBOB gasoline (RBU24 ) closed up +3.11 (+1.34%). Crude oil and gasoline prices posted moderate gains Wednesday. Crude oil prices rose Wednesday on concern that an expected retaliatory attack by Iran against Israel could spark an...

Forecasts for Warmer US Temps Boost Nat-Gas Prices

Sep Nymex natural gas (NGU24 ) on Wednesday closed up by +0.102 (+5.07%). Sep nat-gas prices Wednesday added to Tuesday's advance and closed sharply higher on forecasts for hotter US temperatures. On Wednesday, forecaster Atmospheric G2 said late-summer heat will spread over the middle of the US from Aug 12-16,...

Crude Oil Rallies on Geopolitical Risks and a Decline in Weekly EIA Crude Supplies

Sep WTI crude oil (CLU24 ) today is up +2.54 (+3.47%), and Sep RBOB gasoline (RBU24 ) is up +4.94 (+2.12%). Crude oil and gasoline prices today are sharply higher. Today's rally in global equity markets has boosted confidence in the economic outlook, supporting energy demand and crude prices. Crude...

Crude Prices Recover as Asset Markets Rebound from Monday's Rout

Sep WTI crude oil (CLU24 ) Tuesday closed up +0.26 (+0.36%), and Sep RBOB gasoline (RBU24 ) closed down -0.74 (-0.32%). Crude oil and gasoline prices Tuesday settled mixed. Tuesday's rebound in US equity markets sparked risk-on sentiment that boosted most asset markets. Also, reduced oil supplies from Libya are...

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Crude Prices Close Lower on Energy Demand Concerns

Sep WTI crude oil (CLU24 ) on Thursday closed down -1.60 (-2.05%), and Sep RBOB gasoline (RBU24 ) closed down -4.45 (-1.82%). Crude oil and gasoline prices on Thursday fell back from 1-1/2 week highs and posted moderate losses on global energy demand concerns after the US Jul manufacturing index...

Nat-Gas Prices Give Up Early Gains as US Weather Forecasts Turn Cooler

Sep Nymex natural gas (NGU24 ) on Thursday closed down -0.068 (-3.34%). Sep nat-gas prices on Thursday gave up an early advance and fell to a new 3-month nearest futures low. Forecasts for cooler US temperatures that will reduce nat-gas demand from electricity providers to power air conditioning undercut prices....

The National (Scotland)

Demolition of Glasgow tower blocks can go ahead after court ruling

The demolition of four Glasgow tower blocks will go ahead.

Crude Prices Pull Back on Global Energy Demand Concerns

Sep WTI crude oil (CLU24 ) today is down -0.69 (-0.89%), and Sep RBOB gasoline (RBU24 ) is down -2.41 (-0.99%). Crude oil and gasoline prices today fell back from 1-1/2 week highs and turned lower on global energy demand concerns after the US Jul manufacturing index contracted by the...

U.S. Becomes Top Global LNG Exporter, Attracting Major Investments

Explore the rise of the U.S. as a dominant force in the global LNG market and its impact on the energy industry.

Crude Ends Sharply Higher on Escalation of Geopolitical Risks in the Middle East

Sep WTI crude oil (CLU24 ) on Wednesday closed up +3.18 (+4.26%), and Sep RBOB gasoline (RBU24 ) closed up +9.82 (+4.19%). Crude oil prices Wednesday rallied sharply. Wednesday's fall in the dollar index (DXY00 ) to a 1-1/2 week low was bullish for energy prices. Crude is also climbing...

Nat-Gas Prices Tumble on the Outlook for Cooler Midwest Temps

Sep Nymex natural gas (NGU24 ) on Wednesday closed down -0.090 (-4.23%). Sep nat-gas prices on Wednesday closed sharply lower but remained above Tuesday's 3-month nearest futures low. Forecasts for cooler temperatures in the Midwest that will curb nat-gas demand from electricity providers to power air conditioning weighed on prices....

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