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Category: Energy


Energy, Industries

Natural Gas Price Action Setup: Is This It?

February 28, 2023

Via: DailyFX

The sharp rebound in natural gas in recent days is a sign that bears are getting exhausted. However, it may be premature to assume that the worst is over. Natural gas fell to a 2.5-year low last week before rebounding […]


Energy, Industries

The energy price cap has fallen but the real winner is the government

February 27, 2023

Via: Sky News

Even though wholesale energy prices have been falling, households will see their bills go up from April as the government support that has been shielding us from the worst of the energy crisis is reduced. The energy regulator today announced […]


Energy, Industries

High energy prices are here to stay

February 24, 2023

Via: MoneyWeek

Six months ago, Cornwall Insight, a consultancy that nobody had previously heard of, was forecasting that the energy price cap would reach £6,616 per year. Mainstream media accepted that without question. In fact, the price cap was set at £2,500 […]


Energy, Industries

Natural Gas Price Weekly Outlook: Bearish Rectangle Breakout Spells Trouble?

February 20, 2023

Via: DailyFX

Natural gas prices continued a broader losing streak since the summer of 2022 last week. Following a brief pause on the week of February 6th, the commodity fell 9.5% over the past 5 trading sessions. Prices also confirmed a breakout […]


Energy, Industries

When is the next energy price cap announcement and what does it mean for your bills?

February 14, 2023

Via: MoneyWeek

The energy regulator, Ofgem, will announce its energy price cap for April to June later this month, 27 February. Although your household bills are currently determined by the government’s Energy Price Guarantee (EPG), Ofgem continues to set a quarterly price […]


Energy, Industries

Crude Oil Price Forecast: Brent Bid Ahead of OPEC Report and US CPI

February 14, 2023

Via: DailyFX

Brent crude oil is bid this morning finding support from a weaker U.S. dollar which will likely be the main driver of market pricing today. From a crude oil perspective, OPEC is scheduled to release its monthly market report later […]


Energy, Industries

Energy companies halt forced instalment of prepayment meters

February 10, 2023

Via: Sky News

The move comes as an investigation revealed debt collectors working for British Gas forced their way into the homes of vulnerable customers. An undercover investigation by The Times claimed a company used by British Gas to pursue debts, Arvato Financial […]


Energy, Industries

Crude Oil Holds the High Ground on US Dollar Weakness. Will WTI go Higher?

February 8, 2023

Via: DailyFX

Crude oil has held onto overnight gains with the WTI futures contract trading above 77 U.S. Dollars and the Brent contract is trading over 83.50 U.S. Dollars. Risk assets were generally buoyed going into the Asian session by the perception […]


Energy, Industries

Europe reaches deal for price cap on Russian diesel

February 3, 2023

Via: ABC News

European Union governments tentatively agreed Friday to set a $100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel — steps aimed at ending the bloc’s energy dependence on Russia and limiting the […]


Energy, Industries

Oil steadies with spotlight on EU embargo, U.S. jobs data

February 3, 2023

Via: Investing.com

Oil prices steadied on Friday as investors sought more clarity on the imminent EU embargo on Russian refined fuels, with prices set for a second weekly loss in the absence of clear signs of demand recovery in top consumer China. […]


Energy, Industries

Crude Oil Prices Spooked by US Data, IEA Report as WTI Turns to EIA Inventories

January 19, 2023

Via: DailyFX

WTI crude oil prices fell 2.36 percent on Wednesday, marking the worst single-day drop in two weeks. The deterioration in energy prices was not an isolated event. A closer look at an intraday chart shows that oil prices fell alongside […]


Energy, Industries

Crude Oil Testing Multi-Week Resistance on Positive Chinese Outlook

January 18, 2023

Via: DailyFX

China yesterday reported better-than-expected December growth figures, fueling thoughts that one of the world’s largest growth engines may be moving into a higher gear. While the data was still sharply lower than the prior quarters, GDP, retail sales, and industrial […]


Energy, Industries

Energy bill support for businesses to be cut back from April through discount

January 9, 2023

Via: Sky News

The government is set to confirm later on Monday that it has decided on applying a discount to wholesale prices, for up to a year, following talks involving business leaders last week. It would replace the fixed price on wholesale […]


Energy, Finance Tech, Industries, Liquidity

Japanese Yen in Focus as Crude Oil Sails South. Will Lower Energy Prices Sink USD/JPY?

January 5, 2023

Via: DailyFX

The Japanese Yen clawed back prior session losses against the US Dollar today, as did crude oil. Currency and commodity markets have started the year with a volatility breakout, with many markets whipsawing in the opening stanza of 2023. USD/JPY […]


Energy, Industries

Crude Oil Slips as US Dollar Rallies Amid Recession Fears. Will WTI Push Lower?

January 4, 2023

Via: DailyFX

Crude oil made a two-week low today as markets started the new year on a nervous note with economic prospects under question amid further tightening from central banks. Crude has steadied so far today with the WTI futures contract near […]


Energy, Industries

After a Bumpy Year, Renewable Energy Looks Poised for Boom Times

December 29, 2022

Via: The Wall Street Journal

The future has never been brighter for renewable energy, as some of the snags that kept wind and solar production from going full throttle this year seem poised to ease. While site- and grid-permitting delays, inflation and supply-chain bottlenecks beset […]


Energy, Industries

Oil rises 2% on Russian supply worries; U.S. storm impact in focus

December 23, 2022

Via: Investing.com

Oil prices rose by more than 2% on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to U.S. transport fuel demand growth as a looming Arctic storm threatens travel during the […]


Energy, Industries

Understanding winter fuel payments

December 14, 2022

Via: MoneyWeek

If you’re a pensioner worried about rising energy bills as the weather gets colder, then help is at hand, as you may be eligible for a government payment worth up to £600 that is paid during the winter. Winter fuel […]


Energy, Industries

GM joint venture gets $2.5B loan to build battery plants

December 12, 2022

Via: ABC News

A joint venture between General Motors and South Korean battery company LG Energy Solution has closed on a $2.5 billion federal loan to help finance three lithium-ion battery cell plants in Ohio, Tennessee, and Michigan. The Department of Energy awarded […]


Energy, Industries

Crude Oil Forecast: Brent Overcome by Recessionary Pressures Despite Several Fundamental Tailwinds

December 9, 2022

Via: DailyFX

BRENT CRUDE OIL FUNDAMENTAL BACKDROP Brent crude oil remains under pressure despite trading marginally higher this Friday. Crude oil fundamentals including both API and EIA weekly crude inventory numbers showing bigger declines than expected have not been enough to overcome […]