When heat becomes a weapon of mass destruction

To say that energy markets have become more politicized in recent months would be an understatement. In a recent meeting, the G7 (Canada, France, Germany, Italy, Japan, UK, and the U.S.) proposed a cap on the price of Russian oil in response to that [...]

Petroleum Reserve drained further as Middle East visit ends

At June’s end, the U.S. Strategic Petroleum Reserve (SPR) dropped to its lowest level since the mid-1980s, a 35-year low. The Biden administration is continuing to use SPR withdrawals to bolster supply and try to bring reduce fuel prices and the oft-mentioned pain at [...]

Crude oil over $120 per barrel as China slowly reopens

Saudi state-run oil company Aramco raised prices to both European and Asian customers this month and signaled that prices could rise further as China slowly relaxes strict COVID lockdowns and reopens its economy, raising its oil demand. New-contract Arab light crude oil prices were [...]

Winter storms ignite more volatility in natural gas

A series of winter storms across the country brought a record-shattering blizzard for New England states and travel headaches across the Midwest with thousands of cancelled flights. As areas of low pressure collided with a cold arctic mass across the U.S. in January, much [...]

Wild week for natural gas: Ukraine tensions, Nord 2 pipeline delays

Even with the increase of 400,000 barrels per day announced by OPEC+ for February, energy markets remained on edge as we rolled over into 2022. So far, Europe has been challenged the most and is facing some of the highest gas prices worldwide amid [...]

Gas seasonal build draws to a close as winter weather arrives

The United Nations Climate Change Conference (COP26) drew to a close last week in Glasgow as winter weather arrived bringing first snow-making event of the season across parts of the midwestern U.S. During the conference, President Biden had urged OPEC+ members to increase oil [...]

Crude oil pricing rises as OPEC+ limits production growth

Brent crude oil futures surged this past week, topping $81 per barrel, a level not seen since 2014, making a contract and yearly high after the most recent OPEC+ meeting. The OPEC+ Joint Technical Committee (JTC) met ahead of the regular member meeting to [...]

Crude oil suffers setback

As states slowly begin the process of reopening, fears of a secondary outbreak of COVID-19 coupled with rising domestic crude oil inventories halted an energy price advance and sent prices lower. Brent crude prices fell this week by 5 percent, and WTI (West Texas [...]

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