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Energy Market

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Oil tops $100 as Middle East tensions sharpen energy-market fears
business1 hour ago

Oil tops $100 as Middle East tensions sharpen energy-market fears

Oil rose back above $100 a barrel after US strikes on Iran, with analysts warning the global energy market may be past the 'point of no return' as Hormuz shipping disruptions keep supplies tight; Brent had dipped near $96 earlier, but inventories remain critically low and demand could rise in summer, fueling ongoing volatility and warnings of a possible red zone in July–August, while European gas stores lag and UK energy bills could rise as gas prices climb.

via The Guardian|
#business#energy-market#hormuz
business4 days ago

Gas prices jump to four-year high as Memorial Day travel kicks off

As Memorial Day travel kicks off, AAA reports the national average for regular gas at about $4.56 a gallon, the highest in four years, up 3 cents from last week and roughly $1.38 higher than a year ago, driven by rising demand and tighter supply amid the ongoing Strait of Hormuz disruption; WTI crude settled near $98.26 a barrel as inventories fell and the EIA notes demand rose while supply dropped; EV charging costs remain at about 41 cents per kWh, and regional price gaps persist, with California the most expensive market and Mississippi the cheapest.

via AAA Gas Prices|
#business#eia#energy-market
energy1 month ago

Global Gas Prices Jump 100%+ as Myanmar Leads Surge, Hong Kong Hits $15.65/gal

A Visual Capitalist map tracks 128–170 countries’ gasoline costs from late February to mid-April 2026, showing dramatic global spikes driven by the Iran conflict and Southeast Asia’s import dependence. Myanmar leads with a 101% jump, the U.S. is up about 35%, and prices range from $0.09/gal in Libya to $15.65/gal in Hong Kong, reflecting subsidies, taxes, and regional supply dynamics. The surge also risks cascading into higher fertilizer and food costs, while in the U.S. monthly gas bills vary widely by state due to driving distance (Wyoming ~$279 vs. New York ~$132).

via Visual Capitalist|
#energy#energy-market#gas-prices
Energy shocks push prices higher as supply chains buckle
economy1 month ago

Energy shocks push prices higher as supply chains buckle

Geopolitical conflict and related disruptions are lifting fuel costs and tightening global supply chains, pushing up prices from gasoline and diesel to fertilizers, packaging, and consumer goods as shipping and LNG production slow; while oil-market relief measures may ease some pressure in coming months, broader inflation and shortages could persist if disruptions continue.

via PBS|
#economy#energy-market#gas-prices
economy2 months ago

Goldman Lifts Brent Forecast, Signaling Higher Oil Prices for Longer

Goldman Sachs has again raised its oil-price outlook, now forecasting Brent around $110/bbl for March–April and lifting 2026 Brent to $85 and WTI to $79 as Hormuz disruption and tight spare capacity support prices. The bank expects prices to drift higher until the market gains confidence a lengthy disruption won’t persist, with upside risk including potential spikes above the 2008 highs in extreme scenarios, potentially near $115/bbl by late 2026.

via Investing.com|
#brent-crude#economy#energy-market