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.
Energy
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.
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.
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.
US Diesel Hits a Four-Year High as Europe's Inventories Run Thin
Refining capacity, not crude supply, is the binding constraint — and it is the one that reaches freight costs, food prices and factory output.
OPEC+ Completes Its Cut Rollback, Then Stops
A 188,000 barrel-a-day September increase finished the phased unwinding of voluntary cuts. Further rises look unlikely this year, and the reason is the Strait of Hormuz.
Eskom's Second Profitable Year Leaves the Harder Problem Untouched
South Africa's utility doubled profit, but its fleet is old, coal-heavy and facing a transition that profitability alone does not finance.