What’s Really Happening With Gasoline Demand?

What’s Really Happening With Gasoline Demand?

President Biden recently boasted on Twitter that gasoline prices in the United States have been falling for 50 days straight, noting this was the fastest decline in a decade. The president added a sort of infographic to his tweet informing us that 50 percent of gas stations sold gasoline for $3.99 or less a gallon. … Read more

What’s Really Happening With Gasoline Demand?

What’s Really Happening With Gasoline Demand?

President Biden recently boasted on Twitter that gasoline prices in the United States have been falling for 50 days straight, noting this was the fastest decline in a decade. The president added a sort of infographic to his tweet informing us that 50 percent of gas stations sold gasoline for $3.99 or less a gallon. … Read more

OPEC’s Lackluster Quota Hike Won’t Solve Oil Market Tightness

OPEC’s Lackluster Quota Hike Won’t Solve Oil Market Tightness

Yesterday, OPEC and its partners led by Russia agreed to increase their combined oil production by 100,000 bpd in September. Reports note that the decision follows calls from the US and other big consumers for more oil. However, 100,000 additional barrels daily will probably not be enough to lower prices much further. The production increase … Read more

How China Could Send LNG Prices Into The Stratosphere

How China Could Send LNG Prices Into The Stratosphere

China, which last year became the world’s top importer of liquefied natural gas, has been importing a lot less of it this year. Imports were down by as much as 20 percent amid skyrocketing prices in the first half of the year and buyers are still holding back on more shipments. But this could change … Read more

Oil Markets Torn Between Recession Fears And Physical Tightness

Oil Markets Torn Between Recession Fears And Physical Tightness

Uncertainty is dominating the oil market this week, with recession fears being countered by physical tightness and growing supply risks. Oilprice Alert: This month’s Intelligent Investor column, now available for Global Energy Alert members, outlines the bullish case for oil, gas, and coal. If you’re an investor in the energy space then now is the … Read more

Recession Fears Can’t Curb The Commodity Boom

Recession Fears Can’t Curb The Commodity Boom

Earlier this week, Brent crude fell below $100 per barrel for the first time in months. So did West Texas Intermediate. Copper dropped to the lowest in almost two years. It looked like inflation had done its evil deed. A recession was coming, and demand for commodities was about to plunge. And then both oil … Read more

Supply Disruptions Drive Bullish Sentiment In Oil Markets

Supply Disruptions Drive Bullish Sentiment In Oil Markets

Bullish sentiment is once again building in oil markets as supply disruptions mount and global oil demand growth continues unabated. Friday, July 1st, 2022 As uncertainty builds around the supply capacity of OPEC+ and oil demand rages on despite expectations of demand destruction, bullish sentiment is building in oil markets. Now, to add to that … Read more

Analysts Hike Oil Price Forecast As Supply Concerns Intensify

Analysts Hike Oil Price Forecast As Supply Concerns Intensify

Brent prices are expected to average $106.82 a barrel in 2022, the monthly Reuters poll showed on Thursday—and that’s the highest average oil price forecast in the survey so far this year, as the West is scrambling to replace Russian oil supply. In the previous May survey by Reuters, nearly three dozen economists and analysts … Read more

Oil Markets Could Face A Doomsday Scenario This Week

Oil Markets Could Face A Doomsday Scenario This Week

Global oil markets are going to be very volatile in the coming months if news emerging from OPEC’s main producers about production capacity constraints turns out to be true. OPEC will be meeting again in the coming days to discuss its export agreements, while today the oil group is presenting its Annual Statistical Bulletin (ASB) … Read more