MARKETWIRE ALERTS

MARKETWIRE ALERTS 

MarketWire Afternoon News for February 10th:

Updated at 5:00 PM ET 

HEADLINES:

— DOT: Federal Funds Only for 100% U.S.-Made EV Chargers

— EIA: STEO Sees Brent $58 bbl, WTI $53 bbl in 2026

— EIA Raises Henry Hub Spot Price Nearly 25% from Jan. STEO

— EIA: U.S. Retail Diesel Steady on Wk, at $3.688 Gallon

— EIA: U.S. Retail Gasoline Average Climbs 3.5cts on Week

— BLS: U.S. Import Prices Rise in Dec., Export Values Edge Up

— EIA: Hybrids Gain Traction, Eroding U.S. Fossil Fuel Demand

NEWS:

API: Crude Stocks Up 13.4M Bbl on Week; Distillates Dip

SECAUCUS, N.J. (DTN) –- The American Petroleum Institute (API)  reported on Tuesday (2/10) a build in commercial crude oil and gasoline stocks and a decline in distillate fuel inventories for the week ended February 6.

API said commercial crude oil stocks jumped by 13.4 million bbl in the week profiled, while inventories at the Cushing, Oklahoma delivery point for NYMEX WTI futures rose by 1.4 million bbl.

Gasoline stocks increased by 3.3 million bbl while distillate supply dropped by 2 million bbl, in the reference week.

DOT: Federal Funds Only for 100% U.S.-Made EV Chargers

SECAUCUS, NJ (DTN) -The Department of Transportation (DOT)  announced Tuesday that electric-vehicle chargers will be eligible for U.S. federal funding only if they are domestically manufactured, eliminating an exemption  implemented by the Biden Administration.

Under the new policy:

• Components in chargers must be 100% U.S.-made. Currently, charges with just 55% local content qualify for federal funding.
• Ruling to prioritize domestic industry and protect U.S. consumers from foreign-made EV charger components with cybersecurity vulnerabilities, DOT says.
• The ruling follows a December ruling by a federal judge blocking the administration from withholding $5 billion in EV charger funding approved by Congress.

EIA: STEO Sees Brent $58 bbl, WTI $53 bbl in 2026

Global oil prices are projected to decline through 2027 as production continues to outpace demand, leading to significant builds in global crude inventories, the U.S. Energy Information Administration (EIA) said in its February Short-Term Energy Outlook (STEO).

• According to the report, Brent crude is forecast to average $58 bbl in 2026 and $53 bbl in 2027. These projections represent a sharp drop from the 2025 average of $69 bbl, as supply growth from both OPEC+ and non-OPEC+ sources remains robust.
• U.S. crude prices follow a similar trajectory, with WTI forecast to average $53 bbl this year and $49 bbl in 2027 versus last year’s $65 bbl.
• The EIA expects global liquid fuels production to increase by 1.6 million bpd this year to 106.3 million bpd. World liquids output for 2027 is projected at 108.8 million bpd.
• “Despite near-term tightness from disruptions, we assess that strong global oil production growth will continue to outpace oil consumption,” the agency said.
• Domestic output this year is expected to remain unchanged from the 2025 record of 13.6 million bpd, before declining 300,000 bpd next year.
• Retail gasoline prices are also expected to soften, with a forecast average of $2.91 gallon in 2026, down 19cts from last year. For next year, the average for gasoline is forecast at $2.93 gallon.

EIA Raises Henry Hub Spot Price Nearly 25% from Jan. STEO

The Energy Information Administration raised its U.S. natural gas price outlook after extreme cold weather in January sharply tightened market conditions, pushing heating demand higher and triggering record storage withdrawals, the agency’s latest Short Term Energy Outlook released Tuesday (2/10) showed. 

The Henry Hub spot price, which averaged $3.53/MMBtu in 2025, is now forecast to average $4.31/MMBtu in 2026, up nearly 25% from the January STEO forecast of $3.46/MMBtu. The upward revision reflects widespread colder than normal weather and production disruptions tied to Winter Storm Fern, which drove prices sharply higher in January, according to the report. 

Henry Hub prices averaged $7.72/MMBtu in January, up 81% from December, as freeze offs temporarily reduced output and heating demand surged across much of the United States. The market tightened further during the week ending January 30, when utilities withdrew a record 360 Bcf from storage, the EIA said. 

U.S. natural gas inventories are now expected to exit the withdrawal season at the end of March about 1% above the five-year average, a sharp revision from last month’s forecast that projected stocks would end winter 10% above average. The EIA estimates nearly 2,080 Bcf will be withdrawn from storage this winter, about 7% more than the five year average draw. 

“Colder-than-normal temperatures at the start of 2026 increased residential and commercial consumption and led to larger-than-average withdrawals,” the EIA said, noting that January heating degree days were 12% higher than projected in the January STEO. 

Looking ahead, the agency expects elevated prices to encourage increased drilling activity and production later in the year. U.S. dry natural gas output is forecast to average about 110 Bcfd in 2026, up more than 1 Bcfd from last month’s outlook, with additional growth expected in 2027 as new Permian pipeline capacity comes online and gas-to-oil ratios strengthen. 

U.S. marketed natural gas production is projected to average between 117 Bcfd and 118 Bcfd over 2025-27, while LNG exports continue to climb. The EIA expects U.S. LNG exports to rise from about 15 Bcfd in 2025 to 16 Bcfd in 2026 and 18 Bcfd by 2027, supported by new liquefaction capacity additions.

EIA: U.S. Retail Diesel Steady on Wk, at $3.688 Gallon

The U.S. Energy Information Administration reported Tuesday (2/10) that retail diesel prices rose a nominal 0.7cts during the week to February 9 to average $3.688 gallon, while remaining 2.3cts down on the year.

Diesel prices have trended higher in recent weeks, gathering momentum after the late January Winter Storm Fern that sharply boosted heating demand from the Midwest to Northeast.

East Coast diesel prices slid 0.7cts to $3.756 gallon. For the year, this PADD 1 region showed a 0.5cts decline.

New England diesel prices rose 0.1cts to $4.236 gallon while rising 26.6cts on the week. In the prior week, this PADD 1A region recorded the biggest diesel price after Storm Fern, surging 21.6cts on the week.

In the latest week, the biggest diesel weekly appreciation was in the Rocky Mountain area. This PADD 4 region had a 12cts rise on the week and 1.1cts climb on the year to average at $3.539 gallon.

Diesel prices in the Central Atlantic(PADD 1B), region witnessed a 3.3cts rise on the week and 4.7cts climb on the year to average at $4.021 gallon.

In the Central Atlantic area, diesel was at $3.605 gallon. The PADD IC region was down 2.3cts on the week and 5.6cts on the year.

In the Midwest (PADD2) region, diesel prices slid 0.2cts on the week and 1.6cts on the year to average at $3.377 gallon.

In the Gulf Coast, diesel eased 0.2cts on the week to $3.377 gallon. For the year, this PADD 3 region slid 1.6cts on the year.

West Coast diesel saw a 0.1cts decline on the week to $4.376 gallon. For the year, the PADD 5 witnessed a surge of 6.9cts.

West Coast less California diesel slid 1.3cts on a weekly basis to $3.969 gallon, while climbing 8.6cts on the year.

California diesel itself rose 1.5cts on the week and 4.9cts on the year to $4.845 gallon.

EIA: U.S. Retail Gasoline Average Climbs 3.5cts on Week

The national average for retail regular gasoline climbed in the week ending February 9, with prices rising across most major regions, data from the U.S. Energy Information Administration showed Tuesday (2/10).
The U.S. average for regular gasoline climbed by 3.5cts to $2.902 gallon from $2.867 last week, down by 22.6cts compared to last year, the EIA’s weekly update on fuel pricing showed.
East Coast (PADD 1) gasoline prices were unchanged at $2.822 gallon, while standing 22.8cts lower than last year.
Within the East Coast, New England (PADD 1A) gasoline prices climbed by 1.7cts to $2.836 gallon from $2.819, standing 15.1cts lower than last year. Central Atlantic (PADD 1B) gasoline prices increased by 0.9cts to $2.949 gallon from $2.94, that is 22.9cts lower than in 2025, while Lower Atlantic (PADD 1C) gasoline prices fell by 1.1cts to $2.737 gallon from $2.748, 24.6cts under last year numbers.
Midwest (PADD 2) gasoline prices rose by 3.8cts to $2.688 gallon from $2.650, standing 29.7cts below the previous year.
Prices for the same product at the Gulf Coast (PADD 3) grew by 3.2cts to $2.476 gallon from $2.444, 21.6cts lower than the year prior.
Rocky Mountain (PADD 4) gasoline prices increased by 10.0cts to $2.669 gallon from $2.569, 35.1cts lower than last year.
West Coast (PADD 5) gasoline prices climbed by 11.1cts to $3.938 gallon from $3.827, 9.3cts lower than last year. Gasoline prices at West Coast less California spiked by 8.2cts to $3.497 gallon from $3.415, however they were 13.7cts lower year-on-year.

BLS: U.S. Import Prices Rise in Dec., Export Values Edge Up

U.S. import prices rose 0.1% in December, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday (2/10). Prices for U.S. exports advanced 0.3% in December. Over the past year, import prices were unchanged and export prices increased 3.1%.

The BLS reported that due to the lapse in appropriations during the government shutdown from October 1 through November 12, 2025, some U.S. Import and Export Price Index (MXP) values for October 2025 are permanently unavailable for publication, the BLS said.  However, the subsequent lapse in appropriations from January 31 through February 3, 2026, did not affect data collection for price indexes.

“Due to the compressed release schedule following the 2025 lapse in appropriations, the Bureau of Labor Statistics will update the Import and Export Price Indexes (MXP) website and database with December 2025 data but will forgo a detailed news release. The MXP database can be found at www.bls.gov/mxp/data/. Associated charts and supplemental tables for December 2025 can be found at www.bls.gov/news.release/ximpim.toc.htm,” the BLS stated.

Additionally, U.S. Import and Export Price Index data for January 2026 are scheduled for release on Thursday, March 5, 2026, at 8:30 a.m. ET.

Revised MXP release dates will be posted at www.bls.gov/bls/2025-lapse-revised-release-dates.htm as they become available.

The effects of the 2025 government shutdown will continue to delay publication of MXP data releases, according to the BLS.

BP Sees $1.5B Replacement Profit in Q425, Up 25% Y-o-Y

BP reported on Tuesday (02/10) an underlying replacement cost profit of $1.5 billion for the fourth quarter, up 25% year-on-year, driven by higher product sales and steady gas prices despite weaker contributions from the realized price of crude.

• The average realized price for natural gas under production was $6.30 per thousand cubic feet in the fourth quarter of 2025, compared to $6.96 year-over-year,  while for liquids it was $62.72 bbl versus $68.93 in the same period. 
• Refining and trading operations reported $500 million in underlying replacement cost profit before interest and tax for customers and products in the fourth quarter of 2025, compared to a $302 million loss a year earlier.

Oil production and operations  replacement cost profit before interest and tax was $2 billion in the fourth quarter of last year, down from $2.3 billion in the prior year, as weaker crude price realizations were only partially offset by higher production volumes and lower exploration write-offs.