Privateer Consulting Services’ Post

The Dallas Fed Energy Survey reveals industry expectations for WTI crude prices, with a 2025 average forecast of $71.13 per barrel. 📈 From shifting politics to production challenges, the energy landscape keeps evolving. While the industry navigates fluctuating costs and international politics, resilience and adaptability remain key. 🌍 Read more: https://lnkd.in/gR4PvTCR #OilAndGas #EnergyForecast #WTICrude #DallasFed #IndustryInsights

The Dallas Fed Energy Survey reveals industry expectations for WTI crude prices, with a 2025 average forecast of $71.13 per barrel. 📈 From shifting politics to production challenges, the energy landscape keeps evolving. While the industry navigates fluctuating costs and international politics, resilience and adaptability remain key. 🌍 Read more: https://lnkd.in/gR4PvTCR #OilAndGas #EnergyForecast #WTICrude #DallasFed #IndustryInsights

The Dallas Fed Energy Survey reveals industry expectations for WTI crude prices, with a 2025 average forecast of $71.13 per barrel. 📈 From shifting politics to production challenges, the energy landscape keeps evolving. While the industry navigates fluctuating costs and international politics, resilience and adaptability remain key. 🌍 Read more: https://lnkd.in/gR4PvTCR #OilAndGas #EnergyForecast #WTICrude #DallasFed #IndustryInsights

The Dallas Fed Energy Survey reveals industry expectations for WTI crude prices, with a 2025 average forecast of $71.13 per barrel. 📈 From shifting politics to production challenges, the energy landscape keeps evolving. While the industry navigates fluctuating costs and international politics, resilience and adaptability remain key. 🌍 Read more: https://lnkd.in/gR4PvTCR #OilAndGas #EnergyForecast #WTICrude #DallasFed #IndustryInsights

Oil prices stabilised today after experiencing declines over the previous two sessions. This comes despite investors continuing to exercise caution, influenced by ongoing expectations of abundant supplies and subdued demand in the market. #Oil #Gas #Energy #Demand https://lnkd.in/dZ6meA-W

Natural Gas and Crude Oil: A Market Snapshot from Extreme Investor Network Welcome back to the Extreme Investor Network! Today, we dive into the latest movements in the natural gas and crude oil markets, shedding light on traders' reactions and what it could mean for your investment strategies. #Bcf #Draw #EIA #expectations #falling #Gas #Natural #Reports #Short #Storage

As global energy dynamics continue to remain strong, the Strategic Petroleum Reserve (SPR) remains significantly low. Despite earlier plans to replenish the SPR, rising WTI prices have led to the cancellation of scheduled solicitations. This resilience in oil prices underscores the importance of strategic planning in resource management. Understanding these developments is crucial for stakeholders in the energy sector. For an in-depth look at this issue, read the full article: https://lnkd.in/giRyJTry #SPR #Energy #WTI #McClintockGroupInsights

Despite a drop in the Brent crude oil spot price, the U.S. Energy Information Administration (EIA) anticipates a rebound in Brent crude oil prices, projecting a return to over $80 per barrel in September after a recent dip to $73. [it is currently trading around $70 this morning] In its latest Short-Term Energy Outlook, released September 10th, the EIA forecasts an average price of $82 per barrel for the fourth quarter. This expected increase is attributed to OPEC+ production cuts, likely to result in global oil consumption surpassing production and declining global oil reserves. The EIA acknowledges potential market uncertainties, including demand growth in China and supply disruptions in the Middle East, which could influence prices. Regarding natural gas, the agency expects Henry Hub prices to remain stable through 2024 before rising in 2025; expect the Henry Hub spot price to rise from less than $2.00 per million British thermal units (MMBtu) in August to around $3.10/MMBtu next year. U.S. natural gas production is forecasted to reach record levels of nearly 105 billion cubic feet per day in 2025, with prices potentially increasing due to rising U.S. liquefied natural gas exports putting pressure on domestic storage levels.

#oil #gas #Brent #wti #prices Natural gas tests resistance at $2.80 - $2.85. WTI oil retreats as traders focus on rising crude inventories. Brent oil pulled back below the $82.00 level. #Naturalgas tests new highs as traders stay bullish ahead of tomorrow’s EIA report, which is expected to show that working gas in storage increased by 84 Bcf from the previous week. In case natural gas manages to settle above the resistance at $2.80 – $2.85, it will move towards the next resistance level at $3.02 – $3.09 🛢🛢🛢🛑🚨 #WTIoil is losing ground as traders react to the EIA report, which indicated that crude inventories increased by 1.8 million barrels from the previous week. A move below the $77.00 level will open the way to the test of the nearest support at $74.50 – $75.50 #Brentoil is losing ground as traders stay worried about the strength of demand for oil. If Brent oil stays below the $82.00 level, it will get to the test of the support at $80.00 – $81.00. Source: #fxempire 👇👇👇 https://lnkd.in/e9CGmZmK #globalenergy #oilandgas

April 22,2024 Oil and Gas Market Update: What to Expect This Week As we start a new week, the oil and gas market is poised for some significant developments. Here's what to expect: *OPEC+ Meeting*: The Organization of the Petroleum Exporting Countries (OPEC) and its allies will meet on Wednesday to discuss production levels. Expectations are high for an extension of the current production cuts to maintain market balance. *Inventory Reports*: The Energy Information Administration (EIA) will release its weekly inventory report on Wednesday, providing insights into US oil and gas stockpiles. This data can impact prices and trading decisions. *Geopolitical Tensions*: Ongoing tensions in the Middle East and Russia-Ukraine conflicts continue to impact global energy markets. Keep an eye on news from these regions, as it can affect oil and gas prices. *Price Volatility*: With the ongoing balancing act between supply and demand, oil and gas prices are expected to remain volatile. Be prepared for fluctuations in WTI and Brent crude prices. *LNG Market*: The global liquefied natural gas (LNG) market is expected to remain tight, with rising demand and supply constraints. This could lead to increased prices and trade activity. #OilAndGas #EnergyMarket #OPEC #LNG #EnergyTrading #MarketUpdate #IndustryInsights