Blog

CES Spotlight Blog

RSS
  Blog Categories
  Authors
July 9th, 2019

Market Summary for the Week of July 1 - July 5, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil fell 2% last week, as OPEC’s agreement to extend output cuts were undermined by global demand indicators and concerns of a downturn. Natural gas prices rose 5% last week as forecasts show elevated temperatures that could boost cooling demand and electricity burn. Meanwhile, the storage deficit continued to narrow and now sits at just 6% below the 5-year average.

Read More »

July 2nd, 2019

Market Summary for the Week of June 24 - June 28, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil rose 2% last week, capping a 9% gain over the course of June on tightening US inventories and continued tensions between the US and Iran. Bullish developments over the weekend add to near-term upward price movement. Natural gas prices rose 6% last week, rebounding from 3-year lows as forecasts for higher temperatures and a corresponding increase in electricity demand support the market. LNG exports continue to rise.

Read More »

June 25th, 2019

Market Summary for the Week of June 17 - June 21, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil jumped 9% last week, the largest increase in over 2 years, as tensions between the US and Iran escalated. In contrast, natural gas prices slipped 8% last week, setting new 3-year lows as inventories continue to refill rapidly. Strong production has weighed on prices despite rising exports.

Read More »

June 18th, 2019

Market Summary for the Week of June 10 - June 14, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil dropped 3% last week, as concerns of falling demand and growing US stockpiles overshadowed escalating conflict in the Middle East. US crude oil inventories are at the highest levels since July 2017. Meanwhile, gas prices rose 2% last week amid forecasts for rising temperatures that could boost cooling demand and gas power burn. This halted the 3-week slide that brought prices to 3-year lows in recent weeks.

Read More »

June 11th, 2019

Market Summary for the Week of June 3 - June 7, 2019

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

Crude oil climbed 1-2% last week, rebounding from a midweek low on OPEC supply pledges and word of progress towards a deal between Mexico and the US. US total petroleum stockpiles grew by the most in 30 years. Meanwhile, natural gas prices fell for a third consecutive week, setting new 3-year lows as storage continued to refill faster than expected. Inventories are now 11% below the 5-year average according to the EIA.

Read More »

« 1 2 3 4 5 »