Key Takeaways Energy prices are expected to be a mixed bag in 2026, with gasoline prices falling and those for electricity and natural gas increasing.The production of oil has increased, while demand has fallen, which is putting downward pressure on gasoline prices.The reverse is true for electricity: demand is surging because of data center construction. You'll likely pay less at the pump next year, but higher electric bills may offset those savings.Energy prices will be a mixed bag next year, according ...

>> WE WILL START WITH ENERGY PRICES, BUT COMMODITIES COMPLEX. IT'S ALL OVER THE PLACE. JOINING US NOW DON GOLDMAN SACHS CO-HEAD OF GLOBAL COMMODITIES RESEARCH.OIL. IT'S A GREAT TAX BREAK IS ONE WAY TO LOOK AT FOR AMERICAN CONSUMERS. GAS IS CHEAP BASED ON WHERE OIL IS RIGHT NOW.HOW ARE THE PRODUCERS DOING. YEAH. >> SO US.>> PRODUCTION. >> DESPITE THE LOWER PRICES, CONTINUES TO SURPRISE TO THE UPSIDE. IF YOU LOOK AT THE LATEST US MONTHLY PETROLEUM STATISTICS, US LIQUID SUPPLY IS UP 1.3% MILLION BARRELS PER DA ...

We will start uh with energy prices but man commodities complex um it's all over the place. Joining us now uh Don Stroven Goldman Sachs co-head of global commodities research. Oil um it's great tax break is what one way to look at for American consumers.It gas is cheap based on where oil is right now. How are the producers doing. >> Yeah.So, US production despite the lower prices continues to surprise to the upside. If you look at the latest US monthly petroleum statistics, US uh liquid supply is up 1.3% mi ...

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Market Overview - Crude oil market is experiencing a battle between geopolitical risks and fundamental oversupply [1][3][4] - Geopolitical risks, including those involving Israel, Iran, Russia, Ukraine, and Venezuela, have not resulted in significant supply reductions [2] - The market is significantly oversupplied, with demand growth for 2025 projected at 1 million barrels per day, while non-OPEC supply is growing at 160% million barrels per day [3] - Fundamentals have won the battle for 2025, with crude down over 20% [5] Demand and Supply Dynamics - Demand has outperformed expectations this year, projected to grow by around 1 million barrels per day this year and potentially 120% million barrels per day next year [8] - If geopolitical risks fade and demand weakens due to global growth risks, crude could test $50 WTI, potentially even $40 [8] - US producers are unlikely to cut back dramatically at the current crude strip, with a more significant response expected $5 lower [13] US Shale Producers - For most US shale producers, $55 is the level where some barrels start to become uneconomical, accelerating drastically below $50 [10] - At current price points, a potential 50,000 to 100,000 barrels per day of production might come off [11] - US producers continue to improve efficiency and drive down break-even points [11][12]

Core Viewpoint - The crude oil market is experiencing a conflict between geopolitical risks and fundamental oversupply, with fundamentals currently dominating the price dynamics, leading to a significant decline in crude prices. Geopolitical Risks - Geopolitical tensions, including conflicts involving Israel, Iran, Russia, Ukraine, and Venezuela, have escalated this year, which typically would suggest potential supply reductions in the oil market [2][5] - Despite these tensions, actual supply disruptions have not materialized, with sanctioned barrels finding buyers [3][4] Supply and Demand Dynamics - The market is oversupplied, with demand projected to grow by 1 million barrels per day in 2025, while non-OPEC supply is increasing at 1.6 million barrels per day [3][4] - OPEC's decision to unwind production cuts has further contributed to the oversupply situation [4] - The current price decline of crude oil, over 20%, indicates that fundamentals are prevailing over supply risks [5] Price Sensitivity and Production Response - If geopolitical tensions were resolved, crude prices could test levels around $50 or even the $40s, prompting a supply response from U.S. producers [8][10] - U.S. shale producers typically find $55 as the breakeven point, with production becoming uneconomical below this threshold [10][11] - Despite expectations of production cuts due to lower prices, U.S. producers have shown resilience and efficiency improvements, which may lower the breakeven point further [11][13]

Oil prices hit five-year lows… don’t expect a sustained turnaround anytime soon… why doesn’t AI energy demand prop up prices?… electricity versus oil… a big AI red flag from Eric FryVIEW IN BROWSERYesterday, oil prices slid to their lowest level in nearly five years.Brent Crude fell below $60 a barrel while West Texas Intermediate Crude (WTI) dropped into the mid-$50s.Both are rebounding as I write on Wednesday morning, but the overall trend here is weakness. Brent and WTI have shed 23% and 25%, respectivel ...

The long-term continuous monthly price chart for WTI crude oil can be interpreted as both bullish (technically) and bearish (fundamentally). Though I have my doubts about the usefulness of complicated technical analysis these days, let’s start with some simple analysis. The spot-month contract spiked $130.50 per barrel immediately after Russia’s illegal invasion of its neighbour and sovereign nation Ukraine. The US Biden administration moved to reduce the effects of the invasion by releasing barrels from th ...

Well, artificial general intelligence is booming and the data center industry along with it. But the data centers don't exist in isolation. They have to be wired internally and also connected to the outside world largely by using copper wiring.So the price of copper for many years followed the price of crude oil very closely. But about 3 years ago perhaps in part because of Gen AI and also because of the rise of electric vehicles copper prices have generally been on an upward trajectory whereas crude oil pr ...

The Middle Eastern oil market has weakened in recent weeks on concern that regional supplies will outstrip demand, adding to signs of a softening global picture that’s weighed on benchmark crude futures https://t.co/iJ8fDGnubR ...