Energy

The U.S. Energy Information Administration (EIA) issued a stark warning Thursday, cutting its oil demand and price forecasts through 2026 as escalating trade wars and economic uncertainty threaten energy markets. The agency now expects weaker consumption, higher surpluses, and lower prices—signaling a prolonged downturn for crude. Key Revisions:📉 Demand Slowdown: 2025 growth lowered to 900K […]

U.S. refiners are pushing back against President Trump’s push to process more domestic oil, citing multi-billion-dollar costs, years-long timelines, and shrinking gasoline demand—even as tariff threats disrupt traditional Canadian and Mexican crude supplies. Key Takeaways:Infrastructure Mismatch: 70% of U.S. refineries are built for heavy Canadian/Mexican crude, not light shale oil. Retrofitting a medium-sized plant costs […]

Commodities staged a dramatic rebound Wednesday after President Trump announced a 90-day pause on new tariffs for most trading partners—while doubling down on China with 125% duties. The partial relief sparked a broad rally: Key Market Moves (April 10):⛽ Oil: Brent surged 4.2% to 65.48/barrel ,WTI jumped after hitting 2021 lows. 🛢️ Natural Gas: 10% […]

Saudi Arabia is leveraging the oil market chaos unleashed by Trump’s trade war to tighten its grip on rebellious OPEC+ members and pressure high-cost producers—but with far less room for error than in past price wars. Saudi Arabia’s Power Play:🛢️ Flooding the Market: OPEC+ shocked traders by accelerating production hikes (+411K bpd in May) and […]

Russia’s ESPO crude oil traded below the G7’s $60/barrel price cap for the first time ever this week, dragged down by Brent’s collapse to 2021 lows and mounting global oversupply concerns. The breach could ease shipping logistics but slash Moscow’s energy revenues. Key Developments:📉 Price Plunge: ESPO Blend traded at 56−57/barrel FOB Kozmino∗∗on April7,∗∗3 below […]

U.S. utilities are facing an unprecedented power crisis as Big Tech’s AI-driven data center boom threatens to overwhelm regional grids, forcing companies to double spending plans while risking blackouts or costly overbuilding. A Reuters analysis of 13 major utility earnings calls reveals nearly half have received data center power requests exceeding their total peak capacity—demands […]

Brent crude futures and options trading surged to an all-time high on Friday, eclipsing even COVID-19 pandemic levels, as investors scrambled to navigate a perfect storm of trade war fears, OPEC+ supply hikes, and recession risks. A staggering 4.067 million contracts changed hands on the Intercontinental Exchange (ICE), surpassing the previous record set during the […]

Oil prices tumbled nearly 8% on Friday, hitting their lowest levels since 2021, while copper, soybeans, and other commodities also slumped as China retaliated against U.S. tariff policies. The escalating trade tensions stoked fears of a global economic slowdown, dragging down markets across the board. Brent crude plunged 6.46% to 65.63 per barrel, while U.S. […]

Saudi Crackdown: OPEC+ shocked markets by tripling its planned May output hike to 411,000 bpd (0.4% of global supply), a direct rebuke to Kazakhstan and Iraq for repeatedly exceeding production quotas. Price Plunge: Oil crashed 8% to under $65/barrel—lowest since 2021—as the move collided with Trump’s tariffs and China’s retaliation fears. No Turning Back: Sources […]

Surprise OPEC+ Decision: Eight member nations agreed to triple their planned May output increase to 411,000 bpd (from 135,000 bpd), accelerating the phase-out of 2.2 million bpd cuts implemented this month. Market Reaction: Brent crude plunged 6% to under $70/barrel, compounding losses from Trump’s new tariffs. Prices are now at 3-month lows. Geopolitical Context: The […]