By Cassia PazPublished On: July 17, 2023Categories: Daily Market News & Insights In a promising turn of events, the U.S. economy is projected to experience a surge in growth, fueled by revised forecasts and various factors shaping the energy landscape. The latest EIA’s Short-Term Energy Outlook (STEO) reveals exciting developments that are set to impact multiple sectors in the coming months. The forecast for …
By Sydney CaseyPublished On: July 11, 2023Categories: Daily Market News & Insights Texas has been grappling with extraordinary high temperatures. Mid-July witnessed a record peak of 103F in the Midland-Odessa region, continuing the trend of unusually warm days. In the preceding four days, the area saw temperatures nearing the 100F mark. As temperatures soared, questions emerged regarding the potential impact on the …
August 18, 2022 Alan Apthorp Yesterday’s EIA report left plenty for markets to unpack. Oil markets got a lift, with diesel prices leading the way. Export data got the most attention, with US exports rising to 5 million barrels per day – their highest point ever, and by a wide margin. The report shows that US crude is in high demand …
August 4, 2022 Alan Apthorp The diesel crisis continues even as gasoline markets are slumping. OPEC+ barely moved to increase its output goal, keeping global markets tight. And the US and Iran are heading back to the negotiation table, following the US tightening sanctions. Let’s unpack the day’s news. Yesterday, the EIA published its weekly report which showed a headline 4.5 …
