Energies
Energies
Iran’s IRGC says will respond decisively to any further hostile military aggression
Iran’s Islamic Revolutionary Guard Corps (IRGC) on Monday that its aerospace forces carried out retaliatory drone and ballistic missile strikes against US targets at two air bases in Jordan earlier in the day, Reuters reported. IRGC said in a statement that the strikes were in response to the “U.S. and Israeli air aggression” against Iran’s southern Larak Island […]
by Currency Hedger
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- 2 months ago
Energies, Technical Analysis
WTI rises to near $84.50 as IRGC claims supertanker struck by mines in Hormuz
West Texas Intermediate (WTI) rebounds and continues its intraday gains, trading around $84.40 per barrel during the Asian hours on Monday. Crude oil prices spike following claims by Iran’s Islamic Revolutionary Guard Corps (IRGC) that a rogue supertanker caught fire in the Strait of Hormuz after hitting two naval mines along the waterway’s southern passage. IRGC officials […]
by Currency Hedger
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- 2 months ago
Energies
US Natgas Prices Drop Further
US natural gas prices fell to $2.87/MMBtu on Monday, extending their retreat from a five-week high as traders weighed the prospect of increased supply. Energy Transfer LP’s Hugh Brinson Pipeline in Texas is set to begin service on September 1 and will eventually be able to transport about 2.2 Bcf/d of natural gas from the […]
by Currency Hedger
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- 2 months ago
Energies
Oil Rises as US Strikes Iranian Rocket Launchers
Crude oil climbed above $85 per barrel on Monday, starting the week higher after the US military targeted Iranian rocket launchers preparing to deploy mines into the Strait of Hormuz, marking the first such attack in more than a month. US forces also said they are closely monitoring the waterway and remain prepared to safeguard […]
by Currency Hedger
- 0 Comments
- 2 months ago
Energies
European Gas Rises on Fresh Middle East Fighting
European natural gas prices rose near €69/MWh, the highest level since January 2023, as renewed fighting in the Middle East raised concerns over further delays to LNG exports from the Persian Gulf. Iran said on Sunday that it had launched an attack on US air bases in Jordan, hours after US forces struck two Iranian […]
by Currency Hedger
- 0 Comments
- 2 months ago
Energies
Heating Oil Market Tightens as US Inventories Hit Record Low
US heating oil prices remained around $4.25–$4.50 a gallon, more than 80% higher than a year ago, as supplies fell to their lowest seasonal level on record. US distillate inventories, which include diesel and heating oil, fell to 103.4 million barrels in the week ending August 21, the lowest level recorded for this time of […]
by Currency Hedger
- 0 Comments
- 2 months ago
Energies
Nat-Gas Prices Fall Ahead of Opening of Texas Pipeline
October Nymex natural gas (NGV26) on Friday closed down -0.026 (-0.89%). Nat-gas prices settled lower on Friday ahead of Energy Transfer LP’s scheduled start date next week for its Hugh Brinson pipeline in Texas. The pipeline, scheduled to begin service on September 1, will be able to move about 2.2 bcf/day of gas from the […]
by Currency Hedger
- 0 Comments
- 2 months ago
Energies
Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices
October WTI crude oil (CLV26) closed down -0.13 (-0.16%) on Friday, and October RBOB gasoline (RBV26) closed up +0.0598 (+2.00%). Crude oil and gasoline prices settled mixed on Friday. Crude prices posted modest losses on Friday after the dollar index ($DXY) rallied to a 2-week high. Also, signs of larger crude supplies transiting through the […]
by Currency Hedger
- 0 Comments
- 2 months ago
Energies, Market Analysis, Technical Analysis
Rising Natgas Prices: Winter Outlook
Natural gas prices are gaining due to concerns about supplies to Europe and high temperatures in the USA. Natural gas prices on both sides of the Atlantic are recording dynamic increases, although they are driven by different fundamental dynamics. While the American market is reacting to the current heatwave, the Old Continent is struggling with […]
by Currency Hedger
- 0 Comments
- 2 months ago
Energies
Gasoline Hovers Near 5-Week High
US gasoline futures traded around $3.38 per gallon, near a five-week high, as supply concerns intensified amid rising geopolitical risks. US-Iran diplomatic efforts remained stalled after Washington ruled out reviving the terms of a June agreement and said it was not currently negotiating with Tehran. The US has instead intensified pressure through new sanctions earlier […]
by Currency Hedger
- 0 Comments
- 2 months ago