Page 40 - John Kilduff News Today

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

It seems unlikely that the U.S. will be able to avoid a natural gas crunch this winter, as a hotter-than-expected summer combined and a lack of alternative sources have pushed inventories down

And Fed interest rate hikes will make things worse, analysts insist.

Oil prices rose slightly on Friday evening (Sept 16) as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.

Oil prices rose slightly on Friday as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.

By Laila Kearney NEW YORK (Reuters) -Oil prices rose slightly on Friday as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but

NEW YORK: US crude stockpiles surged by nearly 9 million barrels last week due to a combination of increased imports and ongoing releases from government emergency reserves, the Energy Information Administration said on Thursday. Crude inventories rose by 8.8 million barrels in the week to Sept. 2 to 427.2 million barrels, compared with analysts’ expectations in a Reuters poll

U.S. crude stockpiles surged by nearly 9 million barrels last week due to a combination of increased imports and ongoing releases from government emergency…

OPEC just announced plans to cut oil production by 100,000 barrels per day.

Labor Day marks the end of the summer driving season. While gas prices are elevated, the U.S. avoided the stretch of super high prices that some had feared.