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But analysts give strong indications that demand is recovering anyway.

Oil Pares Gains With Weaker Equities Overshadowing Supply Drop Bloomberg 1/27/2021 Andres Guerra Luz (Bloomberg) -- Oil erased most of its gains as futures traded in tandem with broader markets, with demand concerns prevailing over the biggest drop in U.S. crude supplies since last summer. While futures in New York closed 0.5% higher on Wednesday, a weaker U.S. equity market ultimately pushed the benchmark down in after-market trading. A meaningful recovery in demand still appears to be a ways off. In the latest example of the pandemic’s boomerang effect in fuel markets, t...

12 Best Utility Stocks To Buy Now Utility companies are engaged in some of the most essential services, playing a key role in sustaining the economic activity. The utility industry involves electric power generation and transmission, natural gas distribution, steam supply, water supply and sewage removal.  The utilities sector has a high level of involvement with governments, making it suitable for investors who prefer stability, dividends and secular long-term growth. However, amid rapid changes in the energy sector and technological advances, there is a huge potential for growth for utilit...

The natural gas storage report from the EIA for the week ending December 11th indicated that the quantity of natural gas held in underground storage in the US had decreased by 122 billion cubic feet to 3,726 billion cubic feet by the end of the week, which left our gas supplies 284 billion cubic feet, or still 8.3% higher than the 3,442 billion cubic feet that were in storage on December 11th of last year, and 243 billion cubic feet, or 7.0% above the five-year average of 3,483 billion cubic feet of natural gas that have been in storage as of the 11th of December in recent years....the 122 bi...

Oil prices settle at highest since February, up a 7th week in a row MarketWatch 12/18/2020 FUTURES MOVERS Oil futures ended higher Friday to score a seventh straight weekly climb, as traders remained optimistic about vaccine rollouts and prospects for U.S. lawmakers to reach a deal on an economic relief package. The move lifted prices to their highest settlement since late February. “Congress appears to be closer to passing a stimulus bill that could boost U.S. GDP, which leads to increased oil consumption,” said Rob Thummel, portfolio manager at Kansas-based investment company, Tortois...