Latest news and analysis on oil, gas, and commodity markets
The administration has approved 64% more drilling permits than Biden, yet WTI sits below $60 as oversupply fears and weak economics keep producers on the sidelines.
European Union ban on oil products refined from Russian crude in third countries takes effect today, targeting refiners in India, Turkey, and China.
Henry Hub natural gas jumped to $5.03 per MMBtu on Tuesday, up nearly 30% from Monday, as frigid temperatures drive heating demand across the country.
Halliburton posted Q4 earnings of $0.69 per share, crushing Wall Street's $0.54 estimate, despite the lowest US rig count since 2022.
US benchmark crude rose to $60.21 per barrel Monday, recovering from last week's slide below the key psychological level as traders eye Trump policy shifts.
Gold has surged to $4,677 per ounce in 2026 while crude oil remains stuck below $60, highlighting a sharp divergence between safe-haven assets and energy commodities.
China imported a record 11.55 million barrels per day in 2025, with December hitting 13.18 million bpd, challenging assumptions that Chinese oil demand has peaked.
Henry Hub natural gas has fallen nearly 30% from December peaks to $3.10/MMBtu as milder weather reduces heating demand across much of the United States.
Halliburton, Baker Hughes, and Schlumberger report Q4 results next week with analysts expecting sharp earnings declines amid weaker US drilling activity.
Eight key OPEC+ producers will meet February 1 to assess market conditions, with production targets unchanged through Q1 as the group battles oversupply concerns.
WTI crude fell nearly 3% to $59.36 per barrel on Wednesday, breaking below the key $60 level as easing geopolitical tensions and oversupply fears pressure prices.