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Copper Stocks Sink as White House Tariff Uncertainty Spooks Traders

Copper future and related stocks plunged on Thursday morning after a Reuters report said that the White House's "copper tariff plan stalls amid affordability concerns." The Trump administration has yet to decide whether to impose tariffs on refined copper, sending copper prices around the world to record highs this summer as physical copper flooded US warehouses. The report from the outlet: The White House has not yet made a decision on refined copper tariffs as officials juggle concerns that higher prices for the red metal could…

OilPrice.comOilPrice.com•OilPrice.com10 Sept

US Natural Gas Market Verging on Record Growth

US natural gas production is projected to reach a record high of 111.7 billion cubic feet per day (bcfd) in 2026, up from 107.6 bcfd in 2025, according to the U.S. Energy Information Administration (EIA). By 2027, domestic supply is expected to hit 115.9 bcfd. But that’s only half the story. Over the next two years, US natural gas supply and demand will both rise to record levels, the EIA states in its Short-Term Energy Outlook. Domestic gas consumption is projected to rise from a record 91.9 bcfd in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd…

OilPrice.comOilPrice.com•Andrew Topf10 Sept

EIA Raises 2027 U.S. Oil Output Forecast

The U.S. Energy Information Administration has raised its forecast for U.S. crude oil production in 2027 to 14.3 million barrels per day, up from 14.2 million bpd in August and 14.0 million bpd in July. For 2026, EIA is still calling for 13.8 million bpd, unchanged from its July and August forecasts. That would top the 13.7 million bpd record set in 2025. U.S. production averaged 13.7 million bpd during the first half of this year, up 300,000 bpd, or 2%, from the same period last year. Most of that increase came from the Permian and the U.S. part…

OilPrice.comOilPrice.com•Julianne Geiger10 Sept

EIA Raises 2027 U.S. Oil Output Forecast

The U.S. Energy Information Administration has raised its forecast for U.S. crude oil production in 2027 to 14.3 million barrels per day, up from 14.2 million bpd in August and 14.0 million bpd in July. For 2026, EIA is still calling for 13.8 million bpd, unchanged from its July and August forecasts. That would top the 13.7 million bpd record set in 2025. U.S. production averaged 13.7 million bpd during the first half of this year, up 300,000 bpd, or 2%, from the same period last year. Most of that increase came from the Permian and the U.S. part…

OilPrice.comOilPrice.com•Julianne Geiger10 Sept

EIA Raises 2027 U.S. Oil Output Forecast

The U.S. Energy Information Administration has raised its forecast for U.S. crude oil production in 2027 to 14.3 million barrels per day, up from 14.2 million bpd in August and 14.0 million bpd in July. For 2026, EIA is still calling for 13.8 million bpd, unchanged from its July and August forecasts. That would top the 13.7 million bpd record set in 2025. U.S. production averaged 13.7 million bpd during the first half of this year, up 300,000 bpd, or 2%, from the same period last year. Most of that increase came from the Permian and the U.S. part…

OilPrice.comOilPrice.com•Julianne Geiger10 Sept

Russian Mobilization Rumors Ripple Across Central Asia

Kyrgyzstan and Kazakhstan are introducing new procedures for foreign visitors. Some local observers believe the moves are connected to a fresh influx of Russians amid rumors that the Kremlin may order a general military mobilization. A Kyrgyz government decree outlines plans to implement a tracking system to ensure foreigners adhere to migration rules. Those who violate length-of-stay requirements will be barred from returning for a set period, as determined by the number of days a citizen of a given country can stay in Kyrgyzstan…

OilPrice.comOilPrice.com•OilPrice.com10 Sept

U.S. Crude Inventories Fall As Brent Prices Soar

Crude oil inventories in the United States saw a decrease of 400,000 barrels during the week ending September 4, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The decrease brings commercial stockpiles to 424.1 million barrels, according to government data, which are now on par with the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories had fallen by 300,000 barrels in the…

OilPrice.comOilPrice.com•Julianne Geiger10 Sept

The Race to Cut Methane Emissions Is Exposing a Global Divide

Several countries worldwide have been working to reduce methane leaks, with some states making significantly more progress than others. The establishment of the Global Methane Pledge in 2021 at the COP26 climate summit has helped accelerate cleanup efforts; however, many countries are still falling behind on their methane-cutting pledges. Now, one of the world’s biggest methane polluters – Turkmenistan – is aiming to plug its mega leaks, which would help reduce global methane emissions and could encourage other countries to do…

OilPrice.comOilPrice.com•Felicity Bradstock10 Sept

Senegal to Offer 109 Oil and Gas Blocks to Investors

Senegal will offer to local and foreign investors as many as 109 oil and gas blocks, Energy and Petroleum Minister, El Hadji Abdourahmane Diouf, has said. Only four out of the West African country’s 113 oil and gas blocks are currently contracted, the official told a local TV channel. “The remaining 109 will be put on the market,” the minister said, as carried by Reuters. “The president’s plan is to create local leaders in the energy, oil and gas sectors,” Diouf added. [GooglePreferredSource] Several oil and…

OilPrice.comOilPrice.com•Charles Kennedy10 Sept

Permian Gas Has Been Worth Less Than Nothing for 118 Days This Year

Outside Pecos, Texas, Chevron is getting ready to build a power plant to solve a problem the Permian Basin has been stuck with for years, which is that it produces far more natural gas than anyone nearby is willing to pay for.  Chevron's subsidiary, Energy Forge One, signed a 20-year agreement with Microsoft in June to build a gas-fired plant beside a data center campus, ramping up to roughly 2.67 gigawatts. The final investment decision is due by the end of this year, with power flowing in 2028. One deal in one county doesn't make a trend,…

OilPrice.comOilPrice.com•Michael Kern10 Sept

IEA: Global Coal Demand Set to Hit Record High as Iran War Chokes LNG Supply

Soaring LNG prices due to the Strait of Hormuz blockage are prompting economies to shift to alternative energy sources, pushing coal demand to a another record high this year, the International Energy Agency (IEA) said in a new report on Thursday. The surge in LNG prices have pushed markets including China, India, Japan, South Korea, and even Europe, to rely more on coal-fired capacity for electricity generation, the IEA said in its new Coal Mid-Year Update 2026. The Middle East is not a major exporter of coal, so global coal shipments weren’t…

OilPrice.comOilPrice.com•Charles Kennedy10 Sept

Russia Strikes Moldova Border as Ukraine Hits Black Sea Port

A Russian drone attack targeted a border crossing between Ukraine and Moldova, killing two people and injuring three others, while Russian drones also struck in Kyiv, as Moscow continues its campaign of near-continuous strikes across Ukraine. The Russian attack on the Starokazache–Tudora border crossing in Ukraine's Odesa region on September 9 damaged checkpoint infrastructure, vehicles, and buildings, sparked a major fire, and forced the evacuation of 16 people, Ukraine's State Border Guard Service reported. Moldovan authorities condemned…

OilPrice.comOilPrice.com•RFE/RL staff10 Sept

HSBC Raises 2026 Brent Forecast to $90 as Hormuz Crisis Drags On

HSBC has hiked its Brent Crude forecast for 2026 to $90 per barrel from $80 as the Strait of Hormuz crisis is tightening markets while no clear path to de-escalation is in sight. The oil markets are unlikely to rebalance until the middle of 2027, HSBC analyst Kim Fustier wrote in a note, as cited by The Wall Street Journal. The bank’s base-case scenario for the coming weeks and months is a fragile form of understanding between the United States and Iran which would be susceptible to breakdowns and uncertainties, including in terms of shipping…

OilPrice.comOilPrice.com•Michael Kern10 Sept

HSBC Raises 2026 Brent Forecast to $90 as Hormuz Crisis Drags On

HSBC has hiked its Brent Crude forecast for 2026 to $90 per barrel from $80 as the Strait of Hormuz crisis is tightening markets while no clear path to de-escalation is in sight. The oil markets are unlikely to rebalance until the middle of 2027, HSBC analyst Kim Fustier wrote in a note, as cited by The Wall Street Journal. The bank’s base-case scenario for the coming weeks and months is a fragile form of understanding between the United States and Iran which would be susceptible to breakdowns and uncertainties, including in terms of shipping…

OilPrice.comOilPrice.com•Michael Kern10 Sept

TotalEnergies to Bring New Angola Discovery Online in Just Three Months

TotalEnergies has made a new discovery offshore Angola and has bought operated interest in two new exploration blocks close to operating hubs as the international majors are returning to exploration in Angola’s waters to take advantage of existing infrastructure. TotalEnergies on Thursday said that the Acacia-5 discovery in Block 17 would see first oil achieved just three months after the discovery was made in June 2026. This would be done through a fast-track development using the available capacity on the nearby Pazflor FPSO. Acacia-5 is…

OilPrice.comOilPrice.com•Tsvetana Paraskova10 Sept

Clean Hydrogen Investment Tops $130 Billion

The oil and gas supply shock amid the Middle East conflict has accelerated cumulative global investments in clean hydrogen to above $130 billion across more than 570 projects, as energy security has become a key driver of uptake alongside industrial growth and decarbonization targets, the Hydrogen Council said in a new report on Thursday. Total committed investment has topped $130 billion for 6.9 million tons per annum (mtpa) of capacity, the industry-led association said in its Global Hydrogen Compass 2026 report. Moreover, operational capacity…

OilPrice.comOilPrice.com•Tsvetana Paraskova10 Sept

Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar

Oil tanker rates have jumped to record highs as escalating risks to shipping in and out of the Middle East are prompting traders and tanker operators to undertake inefficient and more expensive trade routes. While the crude oil supply is actually there, shipping it through the Strait of Hormuz remains a very risky endeavor, especially in light of the escalating U.S.-Iran tanker war in the Persian Gulf and the Gulf of Oman, while Saudi Arabia has started to move crude cargoes out of the region through the north of the Red Sea and from Egypt’s…

OilPrice.comOilPrice.com•Tsvetana Paraskova10 Sept

India Calls for Bigger Biofuel Push as Oil Prices Soar

India needs to expand biofuel production and consumption to boost its energy security as crude oil prices soar amid the Middle East crisis, according to Tarun Kapoor, an adviser in India’s Prime Minister’s Office. “The future of biofuels is about maximizing value from every available resource,” Kapoor said at the India Sugar and Bio-Energy Conference. “From ethanol and compressed biogas to new applications in transport, industry and energy, we must expand the market and fully utilize the capacity we have created,”…

OilPrice.comOilPrice.com•Tsvetana Paraskova10 Sept

Global Clean Investment Falls 17% as China Pullback Takes Its Toll

Investment in what most call clean technologies dropped by 17% over the first half of the year, as China switched from subsidies to a market-based approach to those industries, a report from Rhodium Group has revealed. Investments in things such as wind and solar power rose in other parts of the world, but China’s decline more than offset that growth because of China’s position as the top investor in clean tech, far ahead of everyone else. “Geographically, the decline ‌was driven by China, the world's largest cleantech investor,…

OilPrice.comOilPrice.com•Irina Slav10 Sept