"Significant Risk" Remains in Crude Oil & Natural Gas Volatility
Reports hit the tape as soon as Kevin Green kicked off his coverage, with President Trump saying that the war in Iran will end soon. KG believes the headline is critical with investors searching for an off ramp out of the conflict.
OPEC Holds Oil-Demand Forecast Steady While Gulf Disruption Chokes Flows
Demand is projected to rise by 1.34 million barrels a day next year, slightly below 2026's estimated 1.38 million, supported by a solid global economy.
Citi bets that the worst of the oil shock is over
Financial market strategists at Citi think the worst of the oil price shock may be over, and they are putting money to work on that view for the second time in a week. In a note pondering if it was "time to buy the dip", the bank's global macro team said they first started buying back into markets last week, arguing that oil price spikes caused by geopolitical crises tend to be violent but brief.
Gulf oil shock makes Russia's Ukraine disruption look small, says Goldman
Oil flows through the Strait of Hormuz have collapsed to just 3% of normal levels, according to Goldman Sachs, as tanker attacks continue to pile up, though futures markets are still pricing in a relatively short disruption. The effective closure of the key shipping lane has led to Middle East crude production shut-ins reaching 6.3 million barrels per day across Iraq, Saudi Arabia, Kuwait, the UAE and smaller Gulf producers, the investment bank's analysts noted In its latest oil tracker, published Tuesday night, Goldman put the total hit to Persian Gulf exports at 15.4 million barrels per day on a four-day moving average, a disruption it describes as 15 times larger than the peak impact of Russia's oil production cuts following the invasion of Ukraine in 2022.
As Iran conflict and oil roil investors, here's the next line in the sand for the S&P 500
Where the S&P 500 goes next is clearly hinging on oil prices and the Strait of Hormuz. Here's a fresh line in the sand.
Oil futures rise as traders await decision on reserves
Oil futures rose on Wednesday as traders awaited what could be a historic release of emergency government reserves to counter the disruption to supplies from the attack on Iran.
Natural Gas and Oil Forecast: Hormuz Crisis Sparks 2% Oil Rebound – Rally or Trap?
WTI rebounds 2% to $86 as Hormuz tensions slash 6M bpd supply. Can oil break $88 while Brent tests $90 and natural gas holds $3.02 support?
US-sanctioned Chinese oil terminal resumes business after ownership change
A Chinese oil terminal sanctioned by Washington in October has resumed operations after a logistics unit of state refiner Sinopec
US oil prices up nearly $3 as Middle East crisis constrains supply
U.S. West Texas Intermediate crude oil prices rose by $2.90 per barrel, or 3.5%, to $86.33 in early trade on Wednesday as supplies from the Gulf remain constrained amid the U.S. and Israeli war on Iran.
Gulf of Mexico oil and gas auction yields far fewer bids than first Trump sale
The Trump administration's second sale of oil and gas leases in the Gulf of Mexico in three months attracted far less industry interest than the auction it held in December, according to a sale document posted on a government website on Tuesday.
What's next for crude-oil prices as wealthy nations consider a release of their reserves
Panic in the oil market has calmed down, with prices pulling back from the week's highs near $120 a barrel after a group of wealthy nations said they will consider a coordinated release of emergency global crude reserves
The next oil scare in the Strait of Hormuz: Mines
Potential mining of the Strait of Hormuz by Iran is emerging as the next scare to the oil market as President Donald Trump threatens fresh consequences for Tehran.
