- This is absolutely fine. It's just a minor little fix. I'm a father to two beautiful daughters. I'm also a husband, a son, a cyclist, a citizen.Thank you so much. - Energy demand is expected to double between now and about 2030, - And that comes at a steep cost to the planet. - Inside the house it can get up to a hundred degrees.It's an extreme heat crisis. - We need so much more energy and we need to find renewables fast. - Technology is not the excuse.It's entirely doable. - There's the same amount of t ...

Core Insights - The key international agency forecasts that oil and gas consumption will continue to grow through 2050, indicating a significant shift in energy demand expectations [1] Group 1: Energy Demand Forecast - The current trajectory suggests that energy demand for oil and gas will increase, contrary to previous expectations regarding electric vehicle adoption [1]

Core Insights - Crude oil and gasoline prices exhibited mixed performance, with WTI crude oil closing up by 0.54% while RBOB gasoline fell by 1.29% [1] - The decline in the dollar index supported crude prices, alongside increased crude demand from China, which saw a 3.1% year-on-year rise in crude imports for January to October [1] Group 1: Economic Factors - Economic concerns limited gains in crude oil prices, highlighted by a drop in US consumer sentiment to a nearly 3.5-year low and a decline in the S&P 500 to a 2-week low, impacting confidence in energy demand [2] - Saudi Arabia's decision to lower the price of its main crude grade to Asia for December delivery to the lowest level in 11 months indicates weakened energy demand, which is bearish for oil prices [3] Group 2: Supply Dynamics - OPEC+ announced an increase in production by 137,000 barrels per day (bpd) for December but plans to pause further production hikes in Q1-2026 due to an emerging global oil surplus, with a forecasted record surplus of 4.0 million bpd for 2026 [3] - OPEC's crude production rose by 50,000 bpd to 29.07 million bpd, marking the highest level in 2.5 years, while there remains 1.2 million bpd of production yet to be restored from earlier cuts [3] Group 3: Geopolitical Influences - Reduced crude exports from Russia, exacerbated by Ukrainian attacks on Russian refineries, have limited Russia's export capabilities, with total seaborne fuel shipments dropping to 1.88 million bpd, the lowest in over 3.25 years [3] - New US and EU sanctions on Russian oil companies and infrastructure have further curtailed Russian oil exports, impacting global supply dynamics [3]

Climate change and rising energy demand could worsen conflict over rivers https://t.co/8UVWSeaqSk ...

December WTI crude oil (CLZ25) on Friday closed up +0.41 (+0.68%), and December RBOB gasoline (RBZ25) closed up +0.0082 (+0.43%). Crude oil and gasoline prices moved higher on Friday, with gasoline posting a 1-month high.   Crude prices rose on Friday on reports that the US plans military strikes on OPEC producer Venezuela.  Crude also has carryover support from Thursday, when President Trump and President Xi Jinping agreed to extend a tariff truce, which is supportive for economic growth and energy deman ...

December WTI crude oil (CLZ25) on Thursday closed up +0.09 (+0.15%), and December RBOB gasoline (RBZ25) closed up +0.0019 (+0.10%). Crude oil and gasoline prices posted modest gains on Thursday.  An easing of US-China trade tensions is supportive for economic growth prospects and energy demand after President Trump and President Xi Jinping on Thursday agreed to extend a tariff truce, roll back export controls, and reduce other trade barriers. More News from Barchart Crude and gasoline prices also have p ...

December WTI crude oil (CLZ25) today is up +0.11 (+0.18%), and December RBOB gasoline (RBZ25) is up +0.0008 (+0.04%). Crude oil and gasoline prices are slightly higher today.  An easing of US-China trade tensions is supportive for economic growth prospects and energy demand after President Trump and President Xi Jinping agreed to extend a tariff truce, roll back export controls, and reduce other trade barriers. More News from Barchart Crude and gasoline prices also have positive carryover from Wednesday ...

Former Texas oil men see an opportunity in next-generation nuclear technology to satisfy the state's booming energy demand, writes @willwade https://t.co/9KAu4x86vM ...

Core Insights - Crude oil and gasoline prices experienced significant declines, with crude reaching a 5-month low and gasoline hitting a 4.5-year low due to renewed trade tensions between the US and China, particularly following President Trump's tariff threats [2] Group 1: Price Movements - November WTI crude oil closed down by $2.61 (-4.24%) and November RBOB gasoline down by $0.0622 (-3.30%) [1] - Crude prices fell sharply on Friday, influenced by stock market sell-offs linked to trade tensions with China [2] Group 2: Market Influences - The decline in crude prices was exacerbated by Saudi Aramco's decision to maintain its oil price for Asian customers for November delivery, indicating weak energy demand [4] - OPEC+ agreed to a modest increase of 137,000 barrels per day (bpd) in crude production starting in November, which was below market expectations [5] - Reduced crude production in Russia, due to Ukrainian attacks on refineries, has limited Russia's export capabilities, providing some support for oil prices [6] Group 3: Geopolitical Factors - The cooling tensions in the Middle East, following a ceasefire agreement between Israel and Hamas, contributed to the pressure on crude prices by reducing the risk of supply disruptions [3]

Core Insights - Crude oil and gasoline prices are experiencing downward pressure due to a stronger dollar and unexpected decisions from Saudi Arabia regarding crude pricing, indicating potential weakness in energy demand [2][3] - OPEC+ has agreed to a smaller-than-expected increase in crude production, which provides some support to prices despite the bearish signals from Saudi Arabia [4] Price Movements - November WTI crude oil is down by $0.12 (-0.19%) and November RBOB gasoline is down by $0.0049 (-0.26%) [1] - Saudi Arabia's Aramco has kept its main oil grade price for Asian customers unchanged, contrary to expectations of a $0.30 per barrel increase, signaling weak energy demand [3] OPEC+ Production Decisions - OPEC+ has decided to increase crude production by 137,000 barrels per day (bpd) starting next month, which is significantly lower than market expectations of a 500,000 bpd increase [4] - This increase is part of a broader strategy to reverse a 1.66 million bpd supply cut and restore a total production increase of 2.2 million bpd [4] Geopolitical Factors - Reduced crude production in Russia is providing some support for oil prices, as the Kirishi oil refinery has halted most production following a drone attack [5] - Ukrainian attacks on Russian refineries have significantly limited Russia's crude export capabilities, with total refined-product flows dropping to 1.94 million bpd, the lowest in over 3.25 years [5] Storage and Supply Dynamics - A decrease in crude oil held on tankers is seen as bullish for oil prices, with a reported 7% week-over-week decline to 82.81 million barrels as of October 3 [6]