The Latest Breaking News from EIA

Nat-Gas Prices Supported by Hot US Weather

September Nymex natural gas (NGU26 ) on Monday closed up +0.009 (+0.32%). Nat-gas prices settled higher on Monday amid forecasts for record-high temperatures in West Texas this week to support nat-gas demand. The largest Texas electric grid, the Electric Reliability Council of Texas, forecast that peak power demand this week...

Barchart · Aug 24

US refiners face historic stress test as global crisis looms

US refineries are running near maximum capacity to fill global fuel shortages caused by the Iran war and disruptions in Russia. While this has delivered record profits, prolonged high utilisation raises the risk of equipment failures that could deepen the global fuel crisis.

The Economic Times · Aug 24

Hot US Weather Forecasts Push Nat-Gas Prices Higher

September Nymex natural gas (NGU26 ) on Friday closed up +0.040 (+1.46%). Nat-gas prices settled higher on Friday as forecasts for hotter US weather could potentially boost nat-gas demand from electricity providers to power increased air conditioning use. The Commodity Weather Group said on Friday that forecasts shifted to hotter,...

Barchart · Aug 21

Crude Prices Supported by Dollar Weakness and Middle East Tensions

September WTI crude oil (CLU26) is up +1.42 (+1.67%) on Tuesday, and September RBOB gasoline (RBU26) is down -0.0122 (-0.37%). Crude oil and gasoline prices are mixed today, with crude oil posting a 3-week high. Today’s sharp decline in the dollar index ($DXY ) to a 2.5-month low is bullish...

Barchart · Aug 19

Crude Prices Gain on Reduced Middle Eastern Oil Supplies

September WTI crude oil (CLU26) closed up +0.44 (+0.52%) on Tuesday, and September RBOB gasoline (RBU26) closed up +0.0316 (+0.97%). Crude oil and gasoline prices extended Monday’s sharp rally on Tuesday and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormuz, limiting...

Barchart · Aug 18

Forecasts for Hot US Temperatures Lift Nat-Gas Prices

September Nymex natural gas (NGU26 ) on Tuesday closed up +0.086 (+3.20%). Nat-gas prices settled sharply higher on Tuesday amid forecasts of above-average temperatures in the US South, boosting nat-gas demand from electricity providers to power increased air conditioning use. The Commodity Weather Group said on Tuesday that forecasts shifted...

Barchart · Aug 18

Crude Prices Supported as Strait of Hormuz Remains Closed

September WTI crude oil (CLU26) is up +0.80 (+0.95%) today, and September RBOB gasoline (RBU26) is up +0.0232 (+0.71%). Crude oil and gasoline prices extended Monday’s sharp rally today and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormuz, limiting crude supplies...

Barchart · Aug 18

Crude Prices Jump as US-Iran War at a Standstill

September WTI crude oil (CLU26) closed up +2.10 (+2.55%) on Monday, and September RBOB gasoline (RBU26) closed up +0.0860 (+2.70%). Crude oil and gasoline prices rallied to 3-week highs on Monday and settled sharply higher. Concerns that the US-Iran war will remain unresolved and keep Middle East oil supplies limited...

Barchart · Aug 17

Cooler US Weather Forecasts Weigh on Nat-Gas Prices

September Nymex natural gas (NGU26 ) on Monday closed down -0.043 (-1.57%). Nat-gas prices fell to a 1-week low on Monday and settled lower as US weather forecasts shifted cooler, potentially reducing demand from electricity providers to power air conditioning. The Commodity Weather Group said on Monday that the outlook...

Barchart · Aug 17

Crude Prices Slightly Lower as Oil Supplies Transit Through the Persian Gulf

September WTI crude oil (CLU26) today is down -0.03 (-0.03%), and September RBOB gasoline (RBU26) is up +0.0219 (+0.69%). Crude oil and gasoline prices are mixed today. Crude prices gave up an early advance today and turned slightly lower on signs that larger-than-expected volumes of crude oil are moving out...

Barchart · Aug 17