US Gas Slides to a Three-Week Low on a Bigger Storage Build as Europe Pays Up
Stockpiles rose 40 billion cubic feet in a week, beating forecasts and leaving US inventories nearly 5% above normal, the mirror image of Europe's depleted storage.
Business
Brent Settles Above $100 as Traders Price a Short, Sharp Oil Shortage
Brent closed at $101.21 on Wednesday and neared $105 on Thursday as WTI crossed $100, yet five-year contracts near $70 show the market expects the squeeze to pass.
US Diesel Sets an All-Time Record at $5.98 as Pump Prices Defy the Autumn Lull
AAA's national diesel average hit a record on 10 September and petrol jumped 13 cents in a week, reversing the usual post-summer slide as distillate stocks run low.
OPEC Cuts Its 2026 Oil Demand Forecast for a Fifth Straight Month
The group now sees demand growth of just 380,000 barrels a day this year but is more upbeat on 2027, days after its core members froze October output.
US Crude Output Heads for a Record Year as the EIA Lifts Its 2027 Forecast
The agency sees production averaging 13.8 million barrels a day in 2026 and 14.3 million in 2027, powered by the Permian and new deepwater Gulf of Mexico projects.
EIA Sees Brent Falling to $74 in 2027 Even as Global Oil Stocks Drain
Finalised before Brent's return to $100, the agency's September outlook assumes Gulf exports recover gradually but stay below pre-conflict levels until mid-2027.
US Electricity Use Heads for Back-to-Back Records as Data Centres Drive Demand
The EIA expects generation to grow 2.2% this year and 1.7% in 2027, led by Texas and neighbouring states, with natural gas still supplying two-fifths of US power.
China's Factory Prices Rise 3.8% as Imported Energy Costs Outrun Weak Demand
Consumer inflation edged up to 0.8% in August, but the gains come from war-driven commodity costs and export demand rather than stronger household spending.
Eurozone Growth Revised Up to 0.6% as Exports Carry the Second Quarter
The upgrade strengthens the ECB's case for another rate rise this week, but stalling French output and a drawdown in stockpiles suggest the strength may not last.
Ukraine's Strikes on Russian Oil Have Become an Energy Market Story
Kyiv's long-range campaign against refining and export infrastructure is a military strategy with a measurable effect on global fuel prices.
Six Months of War Have Reordered the Global Economy
Crude near $92, diesel at four-year highs and central banks turning hawkish: the Middle East conflict has become the dominant variable in the world economy.
Crude Reaches $92 in Its Strongest Week Since July
Oil rose to $92.06 a barrel on 6 September, up nearly 9% on the week and roughly 48% year on year, as US-Iran strikes resumed after a month's pause.