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Goldman Sachs warns next US president will have limited means to boost domestic oil supply, noting strategic reserves are low and regulatory easing will only modestly affect long-term supply; 2025 Brent price forecast to be between US$75-US$90/barrel
Published: July 26, 2024 by BusinessAM
US national gas price average increased 2 cents to US$3.52 in week ended Jul. 25, and was 6 cents higher month-over-month; gas demand increased from 8.78 to 9.45 million b/d, total domestic gasoline stocks fell to 227.4 million bbl: AAA
Published: July 26, 2024 by American Automobile Association (AAA)
European Steel Market Faces Downturn Amid Manufacturing Crisis; Q1 2024 apparent consumption down 3.1%, sector output falls 1.9%
Published: July 25, 2024 by Industry Intelligence Inc.
Natural gas electricity generation in the U.S. surged during July heatwave; operators generated 6.9 million MWh on July 9, 2024, due to high temperatures and low wind generation
Published: July 25, 2024 by U.S. Energy Information Administration (EIA)
Economist Intelligence Unit expects crude oil prices to average US$84.40/barrel in 2024 and US$81.30/barrel in 2025; global oil demand set to hit record highs in 2024/2025 on resilient demand in North America, continued demand growth in developing world
Published: July 24, 2024 by World Commodity Forecasts

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