Crude Hits the Gas as China Stirs the Pot and Winter Bites
Oil prices surged to their highest levels since October, fueled by Beijing’s economic stimulus spree and frosty weather boosting global fuel demand. Brent crude edged up by $0.15 to $76.66 per barrel early Monday, following a Friday close that marked its strongest since Oct. 14. Meanwhile, WTI crude gained $0.22 to $74.18, also hitting a […]
2025 Oil Outlook: A Bear’s Market or Analyst’s Breakout?
Oil markets are heading into 2025 under a mix of cautious optimism and looming challenges. While prices remained surprisingly stable throughout 2024, with West Texas Intermediate and Brent crude fluctuating minimally around $70 and $74 per barrel, respectively, next year could see significant shifts driven by a handful of key factors. Demand Dynamics: Spotlight on […]
Global Energy Markets Struggle Amid Gas Price Surges, Supply Disruptions, and OPEC+ Uncertainty
European natural gas prices have jumped nearly 45% this year, driven by cold weather forecasts and U.S. sanctions on Gazprombank, a key Russian financial entity. Northwest Europe is experiencing its first notably cold winter since 2021, with temperatures below the 30-year average, causing gas inventories to drop to 87.7% of capacity. LNG (liquefied natural gas) […]
