{"id":9499,"date":"2025-03-03T14:58:37","date_gmt":"2025-03-03T19:58:37","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=9499"},"modified":"2025-03-05T14:58:57","modified_gmt":"2025-03-05T19:58:57","slug":"energy-futures-face-skepticism","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/ar\/energy-futures-face-skepticism\/","title":{"rendered":"Energy Futures Face Skepticism"},"content":{"rendered":"\n\n\n
Energy prices declined as uncertainty for the global economic outlook remains a central concern.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Crude Oil<\/p>\n

Crude oil below $70 as efficiency drops to 3-month low<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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  • WTI crude oil futures continue to tumble and settled at $69.76 per barrel on Friday, marking their first monthly decline since November due to geopolitical tensions and economic uncertainty.<\/li>\n
  • US President Trump announced he was reversing a license granted by Biden that allowed Chevron to operate in Venezuela, which could tighten global oil supply.<\/li>\n
  • Chevron exports about 240k bpd from Venezuela, and halting its operations will reduce the country’s oil output.<\/li>\n
  • Meanwhile, EIA data showed US crude inventories fell by 2.33 million barrels last week, defying expectations of a build.<\/li>\n<\/ul>\n

    Gasoline<\/p>\n

    Gasoline futures pressured downwards, net exports weakened y\/y<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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    • US gasoline futures dropped below $2 per gallon, the lowest since December 22, due to rising domestic inventories and weaker oil prices.<\/li>\n
    • EIA reported an unexpected increase in gasoline stocks by 369k barrels to 248.3 million, despite a rise in gasoline demand to 8.45m bpd from 8.24m bpd.<\/li>\n
    • President Trump also stated that his administration would rapidly fill the Strategic Petroleum Reserve (SPR), criticizing Biden’s use of it to lower gasoline prices.<\/li>\n
    • Meanwhile, fears that President Trump\u2019s tariffs on China and other trading partners could slow economic growth added to worries about future energy demand.<\/li>\n<\/ul>\n

      Natural Gas<\/p>\n

      Natural gas prices alleviate after rally, storage declines more than expected<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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      • US natural gas futures fell nearly 3% to below $3.85 per MMBtu, hitting a two-week low, driven by record production levels and forecasts for milder weather, which are expected to reduce heating demand.<\/li>\n
      • Meanwhile, the EIA reported a 261 bcf gas storage withdrawal for the week ending February 21\u2014below analysts’ forecasts of 266 bcf but well above the five-year average of 141 bcf\u2014due to last week\u2019s extreme cold.<\/li>\n
      • Gas production in the Lower 48 states rebounded to 105.2 bcfd by February 27 after falling to 100.5 bcfd on February 19 due to freeze-offs.<\/li>\n
      • Looking ahead, meteorologists expect warmer-than-normal weather across the Lower 48 through March 14, which may limit further price gains.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"

        Energy prices declined as uncertainty for the global economic outlook remains a central concern. Crude Oil Crude oil below $70 as efficiency drops to 3-month low WTI crude oil futures continue to tumble and settled at $69.76 per barrel on Friday, marking their first monthly decline since November due to geopolitical tensions and economic uncertainty. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9499","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/9499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/comments?post=9499"}],"version-history":[{"count":1,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/9499\/revisions"}],"predecessor-version":[{"id":9500,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/9499\/revisions\/9500"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/media?parent=9499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/categories?post=9499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/tags?post=9499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}