Fed's Kevin Warsh Speech May Hint at Interest Rate Decisions
Investors eagerly anticipate insights from Fed Chairman Kevin Warsh's upcoming speech, which may influence interest rate hikes amidst rising inflation.
Business
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.
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.