Oil prices steady as U.S. demand concerns balance Middle East conflict risks

theglobeandmail.com Oil steadied on Thursday after settling lower the previous day as signs of retreating fuel demand in the U.S., the world’s biggest oil user, contended with widening conflict…

Corn Closes Red Following Drop to Ethanol Production

barchart.com Corn futures extended the front month losses into the close, as contracts through Dec were down 2 to 5 ¼ cents. For 2025 contracts and beyond, trade closed with contracts…

Corn Turns Lower Following Drop to Ethanol Production

barchart.com Corn futures are pulling back in the front months on Wednesday, with losses of 1 to 2 cents. New Crop December is up ½ cent at midday. EIA’s weekly petroleum report tallied…

Texas Faces Setbacks in Deepwater Oil Export Plans

tftc.io Earlier this month, the United States Maritime Administration (MARAD) granted the first license for a Texas deepwater port to the Sea Port Oil Terminal (SPOT), marking a…

U.S. drillers added oil and gas rigs for first time in five weeks, Baker Hughes says

theglobeandmail.com U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday.…

National Security Implications Of Baltimore Bridge Catastrophe

zerohedge.com National Security Implications Of Baltimore Bridge Catastrophe Authored by Rob Maness via RealClearDefense, The Port of Baltimore is “closed until further notice” following…

Ripple CEO Brad Garlinghouse Blames Biden Govt For Crypto Woes

coingape.com Ripple CEO Brad Garlinghouse took a sarcastic jib at the Biden government, saying that they were behind the headwinds that have been there in the industry. Garlinghouse’s…

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

barchart.com May Nymex natural gas (NGK24 ) on Thursday closed up by +0.045 (+2.63%). May nat gas prices on Thursday rallied moderately after weekly EIA nat-gas inventories rose +50 bcf,…

U.S. Natural Gas Futures Gain Behind Storage Data, Cold Wave

barrons.com U.S. natural gas futures settle higher after a storage report showing a slight reduction last week in the inventory surplus, while colder near-term weather trends are likely…

Signs of Stalling in U.S. Shale Oil Production Growth

tftc.io Oilfield service veteran David Messler suggested last month that oil production in the U.S. shale patch could be nearing its peak, potentially leading to a plateau in the…

5 Things To Know In Investing This Week

benzinga.com This was a big week for connected events. The increase in the CPI was a surprise to the disinflation crowd that’s been screaming for lower interest rates for almost two…

U.S. Natural Gas Futures Gain Ahead of Storage Report

wsj.com Natural gas rose ahead of the EIA’s weekly storage report, helped by forecasts for some late-season cold weather and signs of a pickup in LNG feedgas demand.

Housing Market Hits a New Low, Down 15% in Just One Month

tftc.io Recent economic updates have provided sobering insights into key sectors of the economy, particularly housing and oil demand. These insights are critical in understanding…

Standard Chartered Says Peak Oil Demand Is Not Imminent

nakedcapitalism.com Yves here. As global conflicts seem way too likely to blow big, and US politics look, as Lambert would say, overly dynamic, the global warming train is not slowing down.…

Oil Edges Lower on Discounted War Risks, Demand Worries

barrons.com Oil prices were edging lower as traders discount risks of a broader war in the Middle East, while a fourth straight weekly build in U.S. crude inventories and prospects of…

Corn Creeps Lower into the Close

barchart.com Corn ended the midweek session with weakness, as contracts were down ¾ to 2 ½ cents on the day. New crop December led the way with the 2 ½ cent drop, with May down the ¾.…

Nat-Gas Prices Slip on Expectations for US Supplies to Remain Abundant

barchart.com May Nymex natural gas (NGK24 ) on Wednesday closed down by -0.020 (-1.15%). May nat gas prices on Wednesday posted moderate losses on expectations that US nat-gas supplies…

U.S. Natural Gas Futures Settle Lower Ahead of Storage Report

barrons.com U.S. natural gas futures lose ground but settle above the day's lows ahead of the EIA's inventories report that's expected to show a slight reduction in surplus storage…

Corn Back to Lower at Midday

barchart.com Corn futures are felling some spillover pressure from wheat, as contracts are down ½ to 2 cents at midday. New crop December is 1 ½ cents lower. EIA data from this morning…

Crude Prices Drop after EIA Crude Inventories Jump to a 10-Month High

barchart.com this morning is down -0.88 (-1.03%), and May RBOB gasoline (RBK24 ) is down -4.99 (-1.77%). Crude and gasoline prices this morning are moderately lower, with crude falling…

U.S. crude stocks rose last week, while gasoline and distillate inventories fell: EIA

theglobeandmail.com U.S. crude stocks rose while gasoline and distillate inventories fell in the week ending April 12, the Energy Information Administration said on Wednesday. Crude inventories…

How rising gas prices might impact Americans in time for summer

thestreet.com As crude oil rises in price per barrel, Americans are beginning to see higher gas prices. And the U.S. Energy Information Administration (EIA) has now raised its forecasts…

China's Crude Oil Imports Hit A Record High In 2023

zerohedge.com China's Crude Oil Imports Hit A Record High In 2023 By Tom Kool of OilPrice.com China’s crude oil imports hit a record high in 2023, rising by 10% year-over-year and…

Oil Futures Settle Lower in Quiet Trade

barrons.com Crude oil futures settle slightly lower in rangebound trade with concerns over tension in the Middle East simmering in the background. Focus will turn to Wednesday's EIA…

Oil Markets Unmoved By Iran's Attack On Israel: Analyzing The Underlying Factors For Geopolitical Risk Premiums

benzinga.com Over the last several days, market observers have been perplexed by the lack of a bullish reaction within oil markets after Iran's attack on Israel over the weekend. Let’s…

White House response to soaring gas prices sparks backlash

newsweek.com White House press secretary Karine Jean-Pierre's comment about gas prices currently remaining well below their 2022 peak has sparked backlash among conservatives on social…

Why Texas has too much natural gas

finance.yahoo.com A natural gas (NG=F) glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year. At West Texas's key trading spot, the Waha…

Mining through the halving: Survival strategies for 2024

cryptoslate.com Bitcoin’s 4th halving event is scheduled to occur on April 22nd, at event block height 840,000. As each block, containing executed transactions, is mined, it is stamped with…

Why the US Should Reevaluate Its Approach to the Bitcoin Mining Industry

dailyhodl.com HodlX Guest Post Submit Your Post Bitcoin mining has garnered a reputation for being wasteful and dirty though this couldn’t be further from the truth. Bitcoin mining can be…

U.S. Drivers Feeling the Pinch at the Pump as Gas Prices Soar

oilprice.com Rising seasonal demand and higher crude oil prices have resulted in the highest average U.S. gasoline prices in nearly six months, with the national average gas price…

U.S. Natural Gas Futures Retreat As Big Storage Surplus Holds

barrons.com U.S. natural gas futures snap a four-session winning streak on a bigger-than-expected injection into storage that left inventories 633 billion cubic feet or 38% above the…

Nat-Gas Prices Slump as Weekly EIA Inventories Climb More Than Expected

barchart.com May Nymex natural gas (NGK24 ) on Thursday closed down by -0.121 (-6.42%). May nat gas prices Thursday settled sharply lower due to a larger-than-expected rise in EIA…

U.S. Natural Gas Futures Focused on Weekly Storage

wsj.com U.S. natural gas futures were lower with the market watching for the EIA’s weekly storage report.