Category: Energy

January 19, 2023

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 […]

January 18, 2023

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 […]

January 9, 2023

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 […]

January 5, 2023

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 […]

January 4, 2023

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 […]

December 29, 2022

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 […]

December 23, 2022

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 […]

December 14, 2022

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 […]

December 12, 2022

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 […]

December 9, 2022

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 […]

December 8, 2022

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 […]

December 5, 2022

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 […]

December 2, 2022

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, […]

December 1, 2022

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 […]

November 28, 2022

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%, […]

November 22, 2022

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 […]

November 17, 2022

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 […]

November 17, 2022

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 […]

November 16, 2022

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 […]

November 10, 2022

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 […]