ENERGY

Oil prices fell back from new two-month highs early on as (supply) fears over the impact of Hurricane Beryl eased, but (demand) expectations for heavy travel around the Fourth of July holiday in the U.S. on Thursday, however, helped to limit losses for oil.

However, Phil Flynn, senior market analyst at the Price Futures Group, told MarketWatch:

And after last week's surprise crude and gasoline build, all eyes are back on the API data for a sneak peek…

API

• Crude (more…)

By Tsvetana Paraskova of OilPrice.com

China didn’t include figures on utilization rates at power plants by source in its May monthly data series, following the (more…)

Authored by Alex Kimani via OilPrice.com,

• EIA: U.S. Energy production rose 4% to nearly 103 quadrillion British thermal units (quads) in 2023.

• Dry natural gas production increased 4% in 2023 and 58% since 2013 while crude oil production has grown 9% since 2022 and 69% since 2013.

• On the flip side, U.S. energy consumption fell 1% largely driven by a 17% decline in coal consumption.

For decades, the United States has been a net consumer of energy, using up more (more…)