'Limited' oil and gas capacity could send prices higher in 2023, analyst
Oil prices could spike again by the beginning of 2023, says one analyst. "Domestically, whether it's...
Oil prices could spike again by the beginning of 2023, says one analyst.
"Domestically, whether it's oil or it's gas, these companies have very very limited incremental capacity at this time," Truist Securities Managing Director of Energy Research Neal Dingmann told Yahoo Finance Live.
There are now two disturbances in the Atlantic. What the forecast shows
Forecasters are now watching two disturbances in the Atlantic. ...
Forecasters are now watching two disturbances in the Atlantic. The National Hurricane Center began monitoring the new disturbance Tuesday morning. It’s forecast to move off the west coast of Africa in a couple of days, according to the hurricane center’s 8 a.m. advisory.
The system, a tropical wave, could see some slow development later this week or over the weekend as it quickly moves west, according to the hurricane center. It has a 0% chance of formation through the next 48 hours and a low 20% chance through the next five days.
The other disturbance, which forecasters started monitoring a few days ago, is causing minimal showers several hundred miles west of the Cabo Verde Islands, according to the hurricane center.
Russia's gas shutoff is forcing Germany's energy giant Uniper to fire up a mothballed coal-fueled power plant
The Uniper plant will deliver power from Monday until the end of April next year, in a sign that European...
The Uniper plant will deliver power from Monday until the end of April next year, in a sign that European gas supplies are under pressure from Russia's cuts.
Benchmark U.S. crude oil for September delivery...
Benchmark U.S. crude oil for September delivery fell 54 cents to $90.23 a barrel Monday. Brent crude for October delivery fell 24 cents to $96.48 a barrel.
Wholesale gasoline for September delivery fell 13 cents to $2.89 a gallon. September heating oil rose 8 cents to $3.78 a gallon. September natural gas rose 34 cents to $9.68 per 1,000 cubic feet.
