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Category: Energy


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 […]


Energy, Industries

Gasoline is cheaper now than a year ago — and could fall below $3

December 8, 2022

Via: NBC News

Gasoline prices are now cheaper across the U.S. than they were a year ago, and the price per gallon could fall below $3 for most Americans by the end of the year. According to AAA, the national average for a […]


Energy, Industries

Russian oil price cap, EU ban aim to limit Kremlin war chest

December 5, 2022

Via: ABC News

Oil prices rose Monday as the first strong measures to limit Russia’s oil profits over the war in Ukraine took effect, bringing with them uncertainty about how much crude could be lost to the global economy through the new sanctions […]


Energy, Industries

Oil ticks up ahead of OPEC+ meeting, EU Russian oil ban

December 2, 2022

Via: Investing.com

Oil futures ticked higher on Friday ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday and an EU ban from Monday on Russian crude. Brent crude futures were up 65 cents, […]


Energy, Industries

EU Asks Members to Set Russia Oil-Price Cap at $60

December 1, 2022

Via: The Wall Street Journal

The European Commission, the European Union’s executive body, has asked the bloc’s 27 member states to approve a price cap on Russian oil of $60 a barrel, according to people familiar with the matter. The cap would set Russian crude […]


Energy, Industries

Oil prices erase 2022 gains as China’s protests spark demand worries

November 28, 2022

Via: Investing.com

Oil prices fell to near their lowest levels this year on Monday as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer, stoked concern about the outlook for fuel demand. Brent crude dropped $2.66, or 3.1%, […]


Energy, Industries

German extends energy subsidy plan for consumers, companies

November 22, 2022

Via: ABC News

Consumers and businesses in Germany will receive subsidies to soften the blow of higher natural gas and electricity prices starting in January, two months earlier than originally planned, officials said Tuesday. The move is part of a larger pot of […]


Energy, Industries

UK increases windfall tax on profits of oil, gas companies

November 17, 2022

Via: ABC News

The British government was increasing the windfall tax on the profits of oil and natural gas companies in an emergency budget announced Thursday that was aimed at restoring the nation’s economic credibility and patching up its battered finances. Saying the […]


Energy, Industries

Crude Oil Forecast: Letup in Geopolitics Weighs on Brent

November 17, 2022

Via: DailyFX

BRENT CRUDE OIL FUNDAMENTAL BACKDROP Brent crude oil prices are trading relatively flat this morning as the rumors around Russian missiles striking Poland is quickly dissipating. The consequence of such actions would have severely disrupted the supply-side should NATO nations […]


Energy, Industries

Crude Oil Price Jumps Around on OPEC+ and IEA Reports, Data and War Woes

November 16, 2022

Via: DailyFX

Crude oil has had a whippy week so far with industry reports, data and geopolitics all impacting prices. Earlier in the week, the Organization of Petroleum Exporting Countries (OPEC) cut their demand forecast for the fourth quarter again. They also […]


Energy, Finance Tech, Industries, Trading

Hold on to your oil and gas stocks

November 10, 2022

Via: MoneyWeek

Today we consider energy and oil and gas stocks once again. While oil and gas prices have done a great deal over the last six months – up a bit, down a bit, then sideways – the associated companies have […]