Data source: Bloomberg, L.P. Note: A front-month contract is a futures contract that is the closest to expiration. Benchmark Brent crude oil futures prices averaged $80 per barrel (b) in 2024, $2/b less than in 2023. Intraday prices stayed within a $24/b range, between $68/b and $93/b (after rounding), which was the narrowest trading range since 2019. […]
Continue ReadingWeekly Daily Standup Top Stories EV Sales Slump: A Global Reality Check December 8, 2024 Clark Savage Global EV sales are slowing down due to high prices, concerns about charging infrastructure, and reduced government subsidies. Major automakers are scaling back production plans and announcing job cuts in response to the weaker demand. […] Revolutionary! Mercedes-Benz solar paint […]
Continue ReadingDaily Standup Top Stories Biden Defends Economic Record, Says Trump Plans Threaten Growth December 10, 2024 Clark Savage ENB Pub Note: We all know that Joe voted for President Trump, but I did not have him defending his economic record on my bingo card this week. If you have listened to the ENB […] AGP plans $7 […]
Continue ReadingDaily Standup Top Stories China Targets Critical Metals in Tit-for-Tat Response to US December 3, 2024 Clark Savage Beijing bans exports of germanium, gallium to American market Move is a swift reply to Biden’s escalation of tech curbs China announced an outright ban on exports of several materials with high-tech and […] OPEC+ Is Firming […]
Continue ReadingDaily Standup Top Stories Tesla Excluded From EV Buyer Credits in California Proposal November 25, 2024 Clark Savage (Bloomberg) — Tesla Inc.’s electric vehicles would be excluded from consumer rebates proposed by California’s governor, a decision aimed at spurring greater competition that’s likely to draw the ire of Elon Musk. California Governor Gavin […] Auto Industry’s EV […]
Continue ReadingDaily Standup Top Stories What will happen to oil prices if Israel attacks Iran oil installations? October 6, 2024 Stu Turley If Israel were to attack Iran’s oil installations, the immediate impact on oil prices would likely be a significant increase, driven by concerns over supply disruptions in a region crucial for global oil production. Here’s […] […]
Continue ReadingDaily Standup Top Stories Oil Prices Spike As Iran Sends Volley of 100+ Ballistic Missiles Into Israel October 1, 2024 Stu Turley Iran has fired more than 100 ballistic missiles into Israel, according to the latest reports, after the United States warned Israel this morning that an attack was imminent. Israel had time to move its […]
Continue ReadingDaily Standup Top Stories Trouble Deepens for North Sea Oil and Gas September 24, 2024 Mariel Alumit North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks. The windfall profit tax was […] Goldman Sees Upside for […]
Continue ReadingDaily Standup Top Stories It’s time to follow the Navy’s 50-year safety record of nuclear power generation September 17, 2024 Mariel Alumit Delivery of affordable, abundant, reliable, clean, and emissions-free electricity to customers is very important to modern quality of life. Achieving this is threatened by a vulnerable grid and the intermittency of wind and solar […]
Continue ReadingDaily Standup Top Stories Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members September 11, 2024 Stu Turley It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […] Layoffs […]
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