Gaurav Sharma
Energy market analyst, editor, blogger, events speaker, intrepid traveller & sporadic purveyor of 'crude' slants @Forbes Tweets personal, retweets ≠ endorsement
Articles
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1 week ago |
forbes.com | Gaurav Sharma
Conjecture about when U.S. oil production may plateau is not new. Many in the industry, including several energy bosses, reckon the country’s output - currently north of 13.5 million and the highest in the world - will continue to rise at least until 2027.
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1 week ago |
forbes.com | Gaurav Sharma
Doubts continue to persist over the direction of the oil price following the recent market turmoil, with investment bank JPMorgan cutting its forecasts sharply and the International Energy Agency lowering its crude demand projections for 2025. In a note to clients on Tuesday, JPMorgan said oil’s global poxy benchmark Brent crude is now expected to average $66 per barrel this year down from its earlier estimate of $73. For 2026, the Wall Street bank cut its Brent forecast down to $58.
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1 week ago |
forbes.com | Gaurav Sharma
Popular discourse on the energy transition might have you believe that coal - considered by many to be the dirtiest of fossil fuels - is on its way out around the world. But if the energy source is indeed dying, its demise is the most comfortable and slow commercial death possible, with U.S. president Donald Trump giving it a new lease of life. Not that he needs an invitation. According to the International Energy Agency, global coal demand reached a record high of 8.771 billion tonnes in 2024.
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2 weeks ago |
forbes.com | Gaurav Sharma
The price of gold continued to rally hitting another record high on Friday, as the impact of trade tariffs, fears of a recession and a weaker dollar rattled global financial markets. Many reckon further upside might be on the near-term horizon. At 10:45 at EDT on Wednesday, traders stateside saw the COMEX Gold June contract up 2.18% or $69.20 to $3,246.70 per troy ounce - a record high.
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2 weeks ago |
forbes.com | Gaurav Sharma
Oil futures fell to their lowest in four years on Wednesday as the so-called Trump Tariffs continue to cause havoc in the world’s financial markets with stocks, bonds and the U.S. dollar all taking a hit over the past week. After a brief relief rally in the previous session, at 06:45 EDT on Wednesday, the Brent front-month crude oil futures contract was trading down 4.09% or $2.54 to $60.28. Concurrently, West Texas Intermediate front-month contract was trading at $57.05, down 4.23% or $2.51.
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RT @The_Oilholic: Implications And Scenarios If U.S. Oil Production Plateaus In 2027 via @forbes https://t.co/ePm2jLWxa1 #OOTT #oilandga…
Implications And Scenarios If U.S. Oil Production Plateaus In 2027 via @forbes https://t.co/ePm2jLWxa1 #OOTT #oilandgas #oil #shale
My latest @forbes post: Donald Trump Wants To Unleash #Coal On A World Still Leashed To It https://t.co/lb6ATgYvOy #EnergyTransition #CoalTwitter #Energy #DonaldTrump #OOTT