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Diesel

The diesel crisis finally causes the destruction of demand | OilPrice.com

High prices appear to have started to weigh on diesel demand in the United States, where inventories of distillates – made up of diesel and fuel oil – have slowly increased in recent weeks. U.S. distillate inventories are still below the five-year average, but the gap in inventories from previous years has slowly begun to …

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bearish

Bearish Sentiment Strengthens Once Again in Oil Markets | OilPrice.com

A combination of rising Covid infections in China, uncertainty over the G7 oil price ceiling and a rise in oil inventories in the United States has driven oil prices lower this week. As oil prices climbed early Friday morning, the rise in bearish sentiment is palpable. Friday, November 25, 2022 With the oil price cap …

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Traders

Gas price caps could cause irreversible damage to energy markets | OilPrice.com

Earlier this week, the European Commission published a statement declaring what he called a “safety cap” for gas prices set at 275 euros, or $283, per megawatt hour. Hailed as the long-awaited gas price cap that EU members have been discussing for weeks now, the cap’s objective, according to the Commission, will be used as …

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Qatar LNG

The European gas market will remain tight until at least 2024 | OilPrice.com

Large volumes of new LNG supplies are coming to market this decade, but none of the huge export capacities currently under construction will arrive in time to ease Europe’s tight gas market, either in 2023 or 2024. The United States and Qatar, the world’s main LNG exporters, will have plenty of new capacity after 2025, …

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China Covid

Metals markets breathe sigh of relief as China eases Covid restrictions | OilPrice.com

Going through AG Metal Miner It may be winter, but it feels like spring for many in the metals industry and for metal prices in general. After years, China plans to ease its COVID-19 restrictions a bit. This includes a reduction in the mandatory quarantine period, which has caused myriad problems for the country’s economy. …

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Plastic Waste

Sustainable plastics could revolutionize waste management in emerging markets | OilPrice.com

As a growing number of countries ban single-use plastics, waste remains a significant environmental issue – although a variety of initiatives promise to put emerging markets at the center of the global fight against plastic waste. The Covid-19 pandemic has seen a decline in the use of plastic; however, this has led to an increase …

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Demand

Why demand destruction is more worrisome than a supply crisis in oil markets | OilPrice.com

It seems that the global economy has been in a state of continuous flux this year. The titles are repetitive to the point of being absurd. This uncertainty translated into high volatility that pushed the fear gauge, VIX, to a 150-day high last month. It still remains high (although down from its recent high), with …

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OPEC logo

Growing anti-OPEC movement is disastrous for oil markets | OilPrice.com

Earlier this year, Mario Draghi, then Italian Prime Minister, floated the idea of ​​big oil buyers banding together and standing up to OPEC+. The idea did not progress much beyond the floating stage because one obvious problem could not be ignored: OPEC would retaliate. Yet it seems that some ideas tend to be so appealing …

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