Sunday, January 26, 2025
COLUMN-Oil funds trapped between low inventories and slowing economy: Kemp- oil and gas 360

COLUMN-Oil funds trapped between low inventories and slowing economy: Kemp

Nasdaq LONDON – Portfolio investors’ oil positions are exhibiting significant week-to-week volatility as traders struggle to anticipate the net effect of an economic slowdown amid exceptionally low inventories of crude and diesel.   Hedge funds and other money managers purchased the equivalent of 33 million barrels in the six most important petroleum futures and options contracts in the week to

Looming copper shortage could slow the global energy transition- oil and gas 360

Looming copper shortage could slow the global energy transition

Oil Price The pace of the energy transition could be slowed by a looming shortage of copper, analysts and top copper producers say.   “There is going to be a very significant shortage in copper,” Richard Adkerson, chairman and CEO at U.S. copper producer Freeport-McMoRan, the world’s largest listed copper miner, told the Financial Times. The decarbonization drive will increase the

U.S. natural gas futures jump 10% to two-week high on rising LNG exports- oil and gas 360

U.S. natural gas futures jump 10% to two-week high on rising LNG exports

BOE Report U.S. natural gas futures jumped about 10% to a two-week high on Monday on forecasts for more demand this week than previously expected with the return of Berkshire Hathaway Energy’s Cove Point liquefied natural gas (LNG) export plant in Maryland.   Traders said the market largely ignored record output and forecasts for milder weather and less demand next

Oil poised for limited gains as economic risks loom-Reuters poll- oil and gas 360

Oil poised for limited gains as economic risks loom-Reuters poll

Nasdaq Oil prices will find support from OPEC+ output cuts and sanctions on Russia for the rest of the year and into the early part of 2023, a Reuters poll showed on Monday, but a recession could limit further gains.   A survey of 42 economists and analysts forecast benchmark Brent crude LCOc1 would average $101.10 a barrel this year, and $95.74