Energies
Energies
US Natgas Prices Hold at 5-Week High
US natural gas prices held around $2.91/MMBtu, the highest level in five weeks, supported by a smaller-than-usual storage injection and forecasts for continued warm weather. EIA data showed that energy firms added 15 Bcf of gas to storage for the week ended August 21, below the 20 Bcf forecast and the 33 Bcf five-year average […]
by Currency Hedger
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- 1 month ago
Energies
Coal Surges to 2-Month High
Coal prices climbed toward $140 per ton in late August, reaching a two-month high as robust global energy demand coincided with persistent concerns over supply. Coal remains the world’s largest source of power generation, producing nearly 11,000 TWh in 2026, while surging electricity demand is slowing efforts to displace the fuel with renewable energy. The […]
by Currency Hedger
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- 1 month ago
Energies
Brent Slips as Traders Monitor Hormuz Flows
Brent crude slipped toward $88 per barrel on Friday, paring gains from the previous session as traders continued to monitor developments in the Middle East and efforts to reopen the Strait of Hormuz. Goldman Sachs said oil exports from the Persian Gulf have recovered to around two-thirds of pre-war levels amid increased flows through Hormuz. […]
by Currency Hedger
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- 1 month ago
Energies
WTI Price – Bears have the upper hand below $82.10-$82.15 confluence hurdle
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some selling following the overnight bounce from the $79.30-$79.25 region, or an over two-week low, though the downside remains cushioned. The commodity trades just above the $81.00 mark during the first half of the European session on Thursday, down less than 0.50% […]
by Currency Hedger
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- 1 month ago
Commodities, Energies
Heating Oil Resumes Decline
US heating oil futures resumed their decline to around $4.20 per gallon on Thursday, after gaining in the previous session, as markets weighed mixed geopolitical developments. Iran and Oman agreed on how to divide their respective shares of the Strait of Hormuz’s waters and related revenues, though Tehran said an agreement with Oman alone would […]
by Currency Hedger
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- 1 month ago
Commodities, Energies
Gasoline Turns Lower
US gasoline futures fell to around $3.26 per gallon on Thursday, trimming gains from the previous session as markets weighed mixed geopolitical developments. Iran and Oman reached an agreement on the allocation of their respective shares of the Strait of Hormuz’s waters and related revenues, although Tehran cautioned that the deal alone would not be […]
by Currency Hedger
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- 1 month ago
Energies
European Gas Prices Advance
European natural gas prices rose above €66 per megawatt-hour on Thursday after a two-day decline, as investors assessed diplomatic progress in the Middle East. Iran’s military said Tehran and Oman had reached agreements on the sharing of control and revenues from the Strait of Hormuz. However, Tehran stressed that a deal does not imply an […]
by Currency Hedger
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- 1 month ago
Energies
European Gas Prices Extend Decline
European natural gas prices dropped more than 5% to below €64 per megawatt-hour on Wednesday, extending losses from the previous session as signs of progress in the Middle East talks eased fears of a squeeze on energy supplies. Iran’s and Oman’s foreign ministers said that they discussed plans for a temporary transit corridor through the […]
by Currency Hedger
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- 1 month ago
Energies
US Natgas Prices Decline
US natural gas prices fell to around $2.74/MMBtu on Tuesday, retreating after a two-day advance as strong production, ample inventories, and weaker LNG feedgas demand weighed on the market. Output in the Lower 48 states averaged a record 111.5 bcfd in August so far, up from 110.7 bcfd in July, adding to supply pressure as […]
by Currency Hedger
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- 1 month ago
Energies
European Natural Gas Holds Gain
European natural gas prices held above €68/MWh, the highest level since January 2023, as fresh US measures against Iran intensified concerns over further disruptions to energy supplies from the Persian Gulf. The US Treasury said expanded secondary sanctions would target Iran’s digital assets, technology, gold, aviation and shipping sectors. It also imposed new sanctions on […]
by Currency Hedger
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- 1 month ago