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LuckyStar_
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$GAS {future}(GASUSDT) ✅ Bullish Setup Entry: Near 1.11–1.12 USDT after a bullish candle or MACD crossover confirmation. Stop‑loss: Below 1.10 USDT. Take‑profit: First target — 1.24 USDT, second — 1.36 USDT (POI). Conditions: Price must hold above the short‑term MA and show increasing volume. ⚠️ Bearish Setup Entry: On rejection from 1.24–1.30 USDT with bearish confirmation. Stop‑loss: Above 1.32 USDT. Take‑profit: 1.12 USDT or lower. #GAS #GASUSDT #GAS/USDT
$GAS

✅ Bullish Setup

Entry: Near 1.11–1.12 USDT after a bullish candle or MACD crossover confirmation.

Stop‑loss: Below 1.10 USDT.
Take‑profit: First target — 1.24 USDT, second — 1.36 USDT (POI).

Conditions: Price must hold above the short‑term MA and show increasing volume.

⚠️ Bearish Setup

Entry: On rejection from 1.24–1.30 USDT with bearish confirmation.

Stop‑loss: Above 1.32 USDT.

Take‑profit: 1.12 USDT or lower.

#GAS #GASUSDT #GAS/USDT
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Bullish
🚨 This Setup Has The Same Ingredients Seen Before Strong Runs 👀🔥 $GAS $ENS $ASR Piggy Little Flying Hero sincerely recommends, there may be fluctuations recently, and it is highly likely to enter a rising period, with frequent project activities. ENS remains one of the most recognized ecosystem narratives while GAS continues attracting market attention. ASR strengthens a setup that is steadily gaining momentum. Interest around these names continues to grow. #ENS #GAS {future}(GASUSDT) {future}(ENSUSDT) {future}(ASRUSDT)
🚨 This Setup Has The Same Ingredients Seen Before Strong Runs 👀🔥
$GAS $ENS $ASR
Piggy Little Flying Hero sincerely recommends, there may be fluctuations recently, and it is highly likely to enter a rising period, with frequent project activities.
ENS remains one of the most recognized ecosystem narratives while GAS continues attracting market attention.
ASR strengthens a setup that is steadily gaining momentum.
Interest around these names continues to grow.
#ENS #GAS

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Bearish
GAS cascading lower as the downside momentum accelerates. Bulls getting caught completely off guard trying to hold the floor. $GAS {future}(GASUSDT) 🔴 LIQUIDITY ZONE HIT 🔴 Long liquidation spotted 🧨 $3.7574K cleared at $1.14328 Downside liquidity swept — watch reaction 👀 🎯 TP Targets: TP1: ~$1.11000 TP2: ~$1.08000 TP3: ~$1.04000 #gas
GAS cascading lower as the downside momentum accelerates.
Bulls getting caught completely off guard trying to hold the floor.
$GAS
🔴 LIQUIDITY ZONE HIT 🔴
Long liquidation spotted 🧨
$3.7574K cleared at $1.14328
Downside liquidity swept — watch reaction 👀
🎯 TP Targets:
TP1: ~$1.11000
TP2: ~$1.08000
TP3: ~$1.04000
#gas
#GAS 🚨Gazprom is the world's largest gas producer at 405 BCM/year. 2nd is Iran at war and sanctioned. 3rd is Qatar partially offline for years. The top producers are simultaneously disrupted, sanctioned or both. The world's top 10 natural gas producers: 1️⃣ Gazprom 🇷🇺 405 BCM/year lost Europe, needs China 2️⃣ The National Iranian Oil Company (NIOC)- Iranian Fuel Conservation Company 🇮🇷 265 BCM/year at war, Hormuz closed 3️⃣ QatarEnergy 🇶🇦 175 BCM/year Ras Laffan damaged, 3–5 year repair 4️⃣ PetroChina International 🇨🇳 152 BCM/year domestic focus 5️⃣ Saudi aramco 🇸🇦 118 BCM/year rerouting via Red Sea 6️⃣ Chevron 🇺🇸 88 BCM/year 7️⃣ ExxonMobil 🇺🇸 87 BCM/year 8️⃣ NOVATEK 🇷🇺 84.6 BCM/year sanctioned, Arctic LNG frozen 9️⃣ TotalEnergies 🇫🇷 56 BCM/year 🔟 Shell 🇬🇧 48 BCM/year Who fills the gap? 🇪🇺Europe's problem and America's answer: Europe needs gas. Norwegian pipelines are running flat out. The molecules have to come from somewhere. Increasingly, they come from the US Gulf Coast Cheniere Energy, Inc., Venture Global LNG, Delfin Midstream FLNG. The war didn't just disrupt supply....It permanently redirected it. 🛢️
#GAS
🚨Gazprom is the world's largest gas producer at 405 BCM/year.

2nd is Iran at war and sanctioned.

3rd is Qatar partially offline for years.

The top producers are simultaneously disrupted, sanctioned or both.

The world's top 10 natural gas producers:

1️⃣ Gazprom 🇷🇺 405 BCM/year lost Europe, needs China

2️⃣ The National Iranian Oil Company (NIOC)- Iranian Fuel Conservation Company 🇮🇷 265 BCM/year at war, Hormuz closed

3️⃣ QatarEnergy 🇶🇦 175 BCM/year Ras Laffan damaged, 3–5 year repair

4️⃣ PetroChina International 🇨🇳 152 BCM/year domestic focus

5️⃣ Saudi aramco 🇸🇦 118 BCM/year rerouting via Red Sea

6️⃣ Chevron 🇺🇸 88 BCM/year

7️⃣ ExxonMobil 🇺🇸 87 BCM/year

8️⃣ NOVATEK 🇷🇺 84.6 BCM/year sanctioned, Arctic LNG frozen

9️⃣ TotalEnergies 🇫🇷 56 BCM/year

🔟 Shell 🇬🇧 48 BCM/year

Who fills the gap?

🇪🇺Europe's problem and America's answer:
Europe needs gas.
Norwegian pipelines are running flat out.
The molecules have to come from somewhere.

Increasingly, they come from the US Gulf Coast Cheniere Energy, Inc., Venture Global LNG, Delfin Midstream FLNG.

The war didn't just disrupt supply....It permanently redirected it. 🛢️
The median Gas on the Ethereum mainnet has dropped to 8 Gwei today. It's the lowest this year. The last time it was this low was during the most desperate times of the 2023 bear market. But now BTC is still at 68k, total market cap is 2.7 trillion, this isn't a bear market. What happened? The answer is clear: trading volume has been siphoned off to L2s. The combined daily trading volume of Base, Arbitrum, and Optimism is over 6 times that of the Ethereum mainnet. Users have moved to places with cheaper Gas, which is the expected outcome of EIP-4844. But there’s a detail: as mainnet Gas drops, the burning rate of ETH decreases. In the past week, the net supply of ETH has increased by about 4,000 coins. This might be a new issue the Ethereum community has to face. L2 scaling has succeeded, but the narrative of ETH being deflationary might need to be recalibrated. #ETH #Gas
The median Gas on the Ethereum mainnet has dropped to 8 Gwei today.
It's the lowest this year.

The last time it was this low was during the most desperate times of the 2023 bear market. But now BTC is still at 68k, total market cap is 2.7 trillion, this isn't a bear market.

What happened?

The answer is clear: trading volume has been siphoned off to L2s. The combined daily trading volume of Base, Arbitrum, and Optimism is over 6 times that of the Ethereum mainnet. Users have moved to places with cheaper Gas, which is the expected outcome of EIP-4844.

But there’s a detail: as mainnet Gas drops, the burning rate of ETH decreases. In the past week, the net supply of ETH has increased by about 4,000 coins.

This might be a new issue the Ethereum community has to face. L2 scaling has succeeded, but the narrative of ETH being deflationary might need to be recalibrated.

#ETH #Gas
GAS, ENS and ASR volatility pressure ⚡ $GAS $ENS $ASR Piggy Little Flying Hero sincerely recommends, there may be fluctuations recently, and it is highly likely to enter a rising period, with frequent project activities. GAS ecosystem traction improving, ENS Web3 identity demand remaining healthy, ASR fan token momentum building gradually. Breakout pressure forming quietly. #ENS #GAS {future}(GASUSDT) {future}(ENSUSDT) {future}(ASRUSDT)
GAS, ENS and ASR volatility pressure ⚡
$GAS $ENS $ASR
Piggy Little Flying Hero sincerely recommends, there may be fluctuations recently, and it is highly likely to enter a rising period, with frequent project activities.
GAS ecosystem traction improving, ENS Web3 identity demand remaining healthy, ASR fan token momentum building gradually.
Breakout pressure forming quietly.
#ENS #GAS

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Bearish
🎯 $GAS /USDT 📈 Bias: SHORT Continuation 💰 Entry: 1.538 - 1.545 🛑 Stop Loss: 1.562 (tight above recent swing + MA25) 🎯 TP1: 1.498 🎯 TP2: 1.475 🎯 TP3: 1.435 ⚡ Risk/Reward: 1:4.2 Analysis: Clean bearish structure post-1.785 distribution. Price rejecting under MA(25) with weakening momentum on 4H. Tight risk above local structure for high-precision continuation. Disciplined execution only. Wait for confirmation candle. {future}(GASUSDT) #GAS #GASUSDT #Binance #BinanceSquare #ChinaSupremeCourtVirtualCurrencyRules
🎯 $GAS /USDT

📈 Bias: SHORT Continuation

💰 Entry: 1.538 - 1.545

🛑 Stop Loss: 1.562 (tight above recent swing + MA25)

🎯 TP1: 1.498
🎯 TP2: 1.475
🎯 TP3: 1.435

⚡ Risk/Reward: 1:4.2

Analysis:
Clean bearish structure post-1.785 distribution. Price rejecting under MA(25) with weakening momentum on 4H. Tight risk above local structure for high-precision continuation.

Disciplined execution only. Wait for confirmation candle.


#GAS #GASUSDT #Binance #BinanceSquare #ChinaSupremeCourtVirtualCurrencyRules
Coin $GAS Trading Tips 💹 Bullish Recommendation Entry Zone: 1.5804-1.5918 Stop Loss: 1.5740 Targets: 1.6007, 1.6134, 1.6325 Technical Analysis: Been staring at GAS for so long, my eyes are about to go blind... At 1.588, the EMA short crossed the long, MACD gave us a golden cross, and RSI is sitting at 48.1. Clearly, we’ve got bullish potential here, but it’s just crawling up and down like a constipated turtle. I’ve downed three cups of plain water, the ashtray is full, and it’s still just wobbling around. Where’s that explosive surge we were promised? Right now, I can only hold on to the stop loss at 1.574, praying “don’t break, don’t break, don’t break” — if it breaks, all my waiting tonight will be for nothing, and the market will just grind me into the dirt. Whatever, since I can’t sleep anyway, might as well keep it company while it’s emo. Suggested Stop Loss: 1.574026, please adjust your position based on your risk tolerance #GAS
Coin $GAS Trading Tips 💹
Bullish Recommendation
Entry Zone: 1.5804-1.5918
Stop Loss: 1.5740
Targets: 1.6007, 1.6134, 1.6325
Technical Analysis: Been staring at GAS for so long, my eyes are about to go blind... At 1.588, the EMA short crossed the long, MACD gave us a golden cross, and RSI is sitting at 48.1. Clearly, we’ve got bullish potential here, but it’s just crawling up and down like a constipated turtle. I’ve downed three cups of plain water, the ashtray is full, and it’s still just wobbling around. Where’s that explosive surge we were promised? Right now, I can only hold on to the stop loss at 1.574, praying “don’t break, don’t break, don’t break” — if it breaks, all my waiting tonight will be for nothing, and the market will just grind me into the dirt. Whatever, since I can’t sleep anyway, might as well keep it company while it’s emo.
Suggested Stop Loss: 1.574026, please adjust your position based on your risk tolerance
#GAS
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Bullish
$GAS UPDATE 🔥 🚀 GAS is consolidating inside the descending channel on the weekly chart. Bullish case if we bounce from the midline🚀 #GAS #Erinacrypto $GAS {spot}(GASUSDT)
$GAS UPDATE 🔥 🚀

GAS is consolidating inside the descending channel on the weekly chart.

Bullish case if we bounce from the midline🚀
#GAS #Erinacrypto $GAS
🛢U.S. Natural Gas Alert: Upcoming EIA Reserves Report at 17:30 Moscow Time. #oil #GAS
🛢U.S. Natural Gas Alert: Upcoming EIA Reserves Report at 17:30 Moscow Time.
#oil #GAS
$BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT) #OilGasSlidOnUSIranPeaceHopes #OilGasSlidOnUSIranPeaceHopes 🛢️ Oil and gas markets moved lower after reports suggested progress toward a potential U.S.-Iran peace agreement. Investors expect that easing tensions could lead to the reopening of the Strait of Hormuz and improve global energy supplies, reducing fears of shortages. Brent crude and WTI crude both fell sharply as markets reacted to the news. 📉 Energy stocks also faced pressure as lower oil prices typically reduce profit expectations for oil and gas producers. However, broader stock markets gained on hopes that lower energy costs could support economic growth. Post Caption: 🚨 BREAKING: Oil & Gas Slide on U.S.-Iran Peace Hopes Global energy markets turned red as hopes of a potential U.S.-Iran peace deal boosted expectations for increased oil supply and a possible reopening of the Strait of Hormuz. 📉 Brent Crude Falls 📉 WTI Crude Drops 🌍 Markets Bet on Lower Supply Risks 📈 Broader Equities Gain Will peace talks continue to push oil prices lower? #Oil #Gas #CrudeOil #USIran #EnergyMarkets #BrentCrude #WTI #CryptoNews #BreakingNews
$BTC
$ETH
$BNB
#OilGasSlidOnUSIranPeaceHopes #OilGasSlidOnUSIranPeaceHopes

🛢️ Oil and gas markets moved lower after reports suggested progress toward a potential U.S.-Iran peace agreement. Investors expect that easing tensions could lead to the reopening of the Strait of Hormuz and improve global energy supplies, reducing fears of shortages. Brent crude and WTI crude both fell sharply as markets reacted to the news.

📉 Energy stocks also faced pressure as lower oil prices typically reduce profit expectations for oil and gas producers. However, broader stock markets gained on hopes that lower energy costs could support economic growth.

Post Caption:

🚨 BREAKING: Oil & Gas Slide on U.S.-Iran Peace Hopes

Global energy markets turned red as hopes of a potential U.S.-Iran peace deal boosted expectations for increased oil supply and a possible reopening of the Strait of Hormuz.

📉 Brent Crude Falls
📉 WTI Crude Drops
🌍 Markets Bet on Lower Supply Risks
📈 Broader Equities Gain

Will peace talks continue to push oil prices lower?

#Oil #Gas #CrudeOil #USIran #EnergyMarkets #BrentCrude #WTI #CryptoNews #BreakingNews
$GWEIUSDT Quick Analysis @ $0.17788 GWEI is fueling up, pumping +27.81% as gas token mechanics and Layer 2 gas-optimization architectures capture the center stage of Ethereum-centric narrative rotations. Named after Ethereum's fundamental unit of gas, $GWEI functions as a high-leverage speculative proxy on EVM network congestion and gas-derivative hedging. Traders are pivoting into the asset to hedge against expected volatility spikes across modular execution layers as on-chain transaction volumes swell. TA Snapshot Immediate Resistance: Targeting a clean break above $0.190 to trigger a parabolic extension. Support Base: Floor solidified firmly around the $0.155 local demand zone. Momentum: RSI has crossed 68, entering the hot zone but leaving room for one more definitive upward squeeze. DYOR | NFA #gwei #ETH #GAS #GWEIUSDT #TrendingTopic $GWEI @eth_classic @Ethereum_World_News @Ethereum_official @EliteDaily 📹 We Live-stream a Bitcoin Footprint Chart every US (NY) session, it runs from ⏰️ 9h30 am EST/ (14h30 GMT) Set an Alarm, be disciplined! 🇺🇲🇬🇧🇩🇪 {future}(GWEIUSDT) Move with the market - move with us!
$GWEIUSDT Quick Analysis @ $0.17788

GWEI is fueling up, pumping +27.81% as gas token mechanics and Layer 2 gas-optimization architectures capture the center stage of Ethereum-centric narrative rotations.

Named after Ethereum's fundamental unit of gas, $GWEI functions as a high-leverage speculative proxy on EVM network congestion and gas-derivative hedging. Traders are pivoting into the asset to hedge against expected volatility spikes across modular execution layers as on-chain transaction volumes swell.

TA Snapshot

Immediate Resistance: Targeting a clean break above $0.190 to trigger a parabolic extension.

Support Base: Floor solidified firmly around the $0.155 local demand zone.

Momentum: RSI has crossed 68, entering the hot zone but leaving room for one more definitive upward squeeze.

DYOR | NFA

#gwei #ETH #GAS #GWEIUSDT #TrendingTopic $GWEI @Ethereum Classic @Ethereum World News @Ethereum @EliteDailySignals

📹 We Live-stream a Bitcoin Footprint Chart every US (NY) session, it runs from ⏰️ 9h30 am EST/ (14h30 GMT) Set an Alarm, be disciplined! 🇺🇲🇬🇧🇩🇪
Move with the market - move with us!
Calculated Positioning Window Still Open $TRB | $GAS | $ENS TRB, GAS, and ENS are consolidating above key support while volatility remains contained across the market. These quiet conditions often come before sharp momentum expansion. TRB continues showing relative strength with active buyer defense. GAS remains structurally stable despite market fluctuations. ENS is holding trend support with improving sentiment building underneath. Markets often reward patience during accumulation phases like these. Key Takeaway: Assets respecting support levels usually maintain stronger continuation potential. #TRB #GAS #ENS #CryptoAnalysis #StrategicEntry {future}(TRBUSDT) {future}(GASUSDT) {future}(ENSUSDT)
Calculated Positioning Window Still Open
$TRB | $GAS | $ENS
TRB, GAS, and ENS are consolidating above key support while volatility remains contained across the market. These quiet conditions often come before sharp momentum expansion.
TRB continues showing relative strength with active buyer defense. GAS remains structurally stable despite market fluctuations. ENS is holding trend support with improving sentiment building underneath.
Markets often reward patience during accumulation phases like these.
Key Takeaway: Assets respecting support levels usually maintain stronger continuation potential.
#TRB #GAS #ENS #CryptoAnalysis #StrategicEntry
🛢 OPEC+ is likely to agree on an increase in oil production by 188,000 barrels per day at the meeting on June 7, according to RTRS sources. #oil #GAS #OPEC
🛢 OPEC+ is likely to agree on an increase in oil production by 188,000 barrels per day at the meeting on June 7, according to RTRS sources.
#oil #GAS #OPEC
Is the Tech Bubble About to Burst? 🔴. The Magnificent 7 are driving the market to insane highs, but a huge divergence is happening right now. The Real Stalwart: Nvidia (NVDA) and Microsoft (MSFT) are backed by massive AI demand and real institutional money. They are here to stay. The Pure Hype: Some other tech giants are purely riding the wave on overvaluation and retail FOMO. 🛑 Quick Question: Which tech stock do you think is the biggest bubble right now? Let me know below! 👇 #PostonTradFi $BTC #nvda #XUUSD #GAS
Is the Tech Bubble About to Burst? 🔴. The Magnificent 7 are driving the market to insane highs, but a huge divergence is happening right now. The Real Stalwart: Nvidia (NVDA) and Microsoft (MSFT) are backed by massive AI demand and real institutional money. They are here to stay. The Pure Hype: Some other tech giants are purely riding the wave on overvaluation and retail FOMO. 🛑 Quick Question: Which tech stock do you think is the biggest bubble right now? Let me know below! 👇 #PostonTradFi $BTC #nvda #XUUSD #GAS
Verified
Putin hopes Iran war changes China’s calculus on Russian gas pipeline 🚨 The relationship between China and Russia is very different from the relationship between China and the United States. Putin has been to China 25 times himself, and he’s met Xi more than 40 times. So this visit will really be about deepening existing coordination and cooperation. The two sides are expected to update each other on developments in the Middle East and Ukraine, and Xi is likely to brief Putin on what was discussed with Trump last week. Putin is accompanied by a large delegation of business and government leaders, and the Kremlin says that they will sign about 40 different deals covering areas, including the economy, tourism, and education. For Putin, the main topic of discussion is going to be energy security, and it’s very likely that he will bring up the Power of Siberia 2 gas pipeline linking the two countries. Since the war in Ukraine, Russian gas exports to Europe have dried up, and Moscow is in desperate need of revenue to replace that, especially since it’s the fifth year of the war now. China has so far been quite skittish due to disagreements over price. It is also not in any rush, and it doesn’t want to become over-reliant on any one country for its energy needs. It already buys a significant amount of oil and gas from Russia, but Moscow is hoping that the war in Iran and the continued disruption in the Strait of Hormuz will change that calculation. $NIL | $FIDA | $BANANAS31 #BREAKING #news #russia #china #GAS
Putin hopes Iran war changes China’s calculus on Russian gas pipeline 🚨

The relationship between China and Russia is very different from the relationship between China and the United States.

Putin has been to China 25 times himself, and he’s met Xi more than 40 times. So this visit will really be about deepening existing coordination and cooperation.

The two sides are expected to update each other on developments in the Middle East and Ukraine, and Xi is likely to brief Putin on what was discussed with Trump last week.

Putin is accompanied by a large delegation of business and government leaders, and the Kremlin says that they will sign about 40 different deals covering areas, including the economy, tourism, and education.

For Putin, the main topic of discussion is going to be energy security, and it’s very likely that he will bring up the Power of Siberia 2 gas pipeline linking the two countries. Since the war in Ukraine, Russian gas exports to Europe have dried up, and Moscow is in desperate need of revenue to replace that, especially since it’s the fifth year of the war now.

China has so far been quite skittish due to disagreements over price.

It is also not in any rush, and it doesn’t want to become over-reliant on any one country for its energy needs. It already buys a significant amount of oil and gas from Russia, but Moscow is hoping that the war in Iran and the continued disruption in the Strait of Hormuz will change that calculation.

$NIL | $FIDA | $BANANAS31

#BREAKING #news #russia #china #GAS
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🚨🔥 GLOBAL ENERGY MARKETS ARE ON THE EDGE! 🌍⛽️⚠️ The U.S. just dropped a MASSIVE update on the Strait of Hormuz situation 👀💥 U.S. Energy Secretary Chris Wright says the Strait of Hormuz could REOPEN before summer — a move that could completely reshape global oil and gas markets 🌊🚢 💥 What’s happening: ▪️ The world has already lost massive energy transport capacity due to the shutdown ▪️ The U.S. has added another 2.5 BILLION cubic feet per day of LNG export capacity ⚡️ ▪️ According to Wright, a deal could be reached within DAYS 🤝 ▪️ But if Iran continues disrupting global trade, the U.S. is prepared to act to restore shipping routes ⚠️🇺🇸 🌍 Why this matters: The Strait of Hormuz is one of the MOST IMPORTANT oil routes in the world. A huge share of global oil and gas supplies passes through it every single day 👀⛽️ If the strait reopens: 📉 Oil prices could drop sharply 📈 Global markets could get a major boost 🔥 Volatility across financial markets could explode But if tensions escalate… 💣 The world could face a new energy shock #Oil #Trading #iran #USA #Gas $CGPT {future}(CGPTUSDT) $EDEN {future}(EDENUSDT) $NMR {future}(NMRUSDT)
🚨🔥 GLOBAL ENERGY MARKETS ARE ON THE EDGE! 🌍⛽️⚠️
The U.S. just dropped a MASSIVE update on the Strait of Hormuz situation 👀💥
U.S. Energy Secretary Chris Wright says the Strait of Hormuz could REOPEN before summer — a move that could completely reshape global oil and gas markets 🌊🚢
💥 What’s happening: ▪️ The world has already lost massive energy transport capacity due to the shutdown
▪️ The U.S. has added another 2.5 BILLION cubic feet per day of LNG export capacity ⚡️
▪️ According to Wright, a deal could be reached within DAYS 🤝
▪️ But if Iran continues disrupting global trade, the U.S. is prepared to act to restore shipping routes ⚠️🇺🇸
🌍 Why this matters: The Strait of Hormuz is one of the MOST IMPORTANT oil routes in the world. A huge share of global oil and gas supplies passes through it every single day 👀⛽️
If the strait reopens: 📉 Oil prices could drop sharply
📈 Global markets could get a major boost
🔥 Volatility across financial markets could explode
But if tensions escalate… 💣 The world could face a new energy shock
#Oil #Trading #iran #USA #Gas $CGPT
$EDEN
$NMR
Article
The world expects the biggest drop in oil demand since Covid ???With oil supply disruptions and prices rising due to the Iran war, analysts are predicting the biggest drop in global oil demand since Covid, a sign of bad times ahead. Two key forecasts this week painted a grim picture, the report said. The US Energy Information Administration said global oil demand would grow by just 200,000 barrels per day this year, well below its pre-war forecast of 1.2 million barrels per day. The International Energy Agency sees a bleaker outlook for global consumption, shrinking by 420,000 barrels per day in 2026. This is despite the fact that before the war with Iran, it was forecast to grow by 1.3 million barrels per day. “Years of declining oil demand are rare and usually portend bad times for the global economy. The last annual decline was caused by Covid. Other examples include the Great Financial Crisis of the early 2000s,” the publication says. With the Strait of Hormuz still largely closed to shipping amid a fragile ceasefire, most Gulf oil production is effectively cut off from global markets. US crude prices have risen more than 60% in the past three months to around $104 a barrel. Signs of declining demand were first seen in Asia, where some countries have declared a state of emergency or urged citizens to work from home to conserve fuel. “The effects have been felt more widely in recent weeks. Airlines in both the US and Europe have canceled thousands of flights,” the agency notes. As the summer driving season in the United States approaches, from Memorial Day weekend to Labor Day, the national average for gasoline prices is slowly approaching the record highs set in 2022 after Russia’s full-scale invasion of Ukraine. Americans are already cutting back on gas station purchases. Some are likely to think twice about long summer road trips, Bloomberg reports. Depleted supplies and tighter fuel markets could eventually push oil prices back to $150 a barrel. Without a quick resolution to the Strait of Hormuz, oil consumers will remain under pressure. #oil #gas #Covid #HormuzStrait $CL $bz

The world expects the biggest drop in oil demand since Covid ???

With oil supply disruptions and prices rising due to the Iran war, analysts are predicting the biggest drop in global oil demand since Covid, a sign of bad times ahead.
Two key forecasts this week painted a grim picture, the report said.
The US Energy Information Administration said global oil demand would grow by just 200,000 barrels per day this year, well below its pre-war forecast of 1.2 million barrels per day.
The International Energy Agency sees a bleaker outlook for global consumption, shrinking by 420,000 barrels per day in 2026. This is despite the fact that before the war with Iran, it was forecast to grow by 1.3 million barrels per day.
“Years of declining oil demand are rare and usually portend bad times for the global economy. The last annual decline was caused by Covid. Other examples include the Great Financial Crisis of the early 2000s,” the publication says.
With the Strait of Hormuz still largely closed to shipping amid a fragile ceasefire, most Gulf oil production is effectively cut off from global markets. US crude prices have risen more than 60% in the past three months to around $104 a barrel.
Signs of declining demand were first seen in Asia, where some countries have declared a state of emergency or urged citizens to work from home to conserve fuel.
“The effects have been felt more widely in recent weeks. Airlines in both the US and Europe have canceled thousands of flights,” the agency notes.
As the summer driving season in the United States approaches, from Memorial Day weekend to Labor Day, the national average for gasoline prices is slowly approaching the record highs set in 2022 after Russia’s full-scale invasion of Ukraine.
Americans are already cutting back on gas station purchases. Some are likely to think twice about long summer road trips, Bloomberg reports.
Depleted supplies and tighter fuel markets could eventually push oil prices back to $150 a barrel.
Without a quick resolution to the Strait of Hormuz, oil consumers will remain under pressure. #oil #gas #Covid #HormuzStrait
$CL
$bz
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