The U.S., Eurozone, and Chinese manufacturing indexes all showed contraction at year-end. Weakness in manufacturing in China, the EU and the U.S. has been weighing on demand for distillates and will likely continue to weigh […]
Daily Standup Top Stories A Natural Gas Plant Guarding US Northeast From Winter Blackouts Is at Risk – Consumers at mortal risk January 7, 2024 Stu Turley (Bloomberg) — A natural gas terminal that’s been operating […]
European Union regulations obligated banks to increase loans and bonds for environmentally friendly industries, leading to a boost in green financing. Banks like Credit Agricole are voluntarily shifting away from financing oil and gas projects, […]
ROME — The balance between offense and defense in war swings back-and-forth, often depending on who has the best kit. But on the seabed’s battlefield, the aggressors are currently very much in charge. In October, all […]
Since the start of the Russia-Ukraine war in February 2022, energy trade (especially oil) between Russia and India has increased unexpectedly. Before the beginning of the war, India’s share of Russian oil imports was only […]
It will take some time until the official figures are available, but last year the German economy likely shrank. Looking back, economists and industry associations have rarely been so unanimous in their views: 2023 was a year […]
Business activity in Europe’s 20-nation single currency bloc continued to contract at the end of 2023, as a downturn in the dominant services industry stretched into the final month of the year, data compiled by […]
ESG funds operating in Europe are facing a forced divestment from oil and gas companies under new French regulations. Per the new regime, ESG funds that want to earn the official French label of “socially […]
At the end of each year, I like to look back at the past year and ahead to what the coming 12 months might bring (which I will cover in a separate post tomorrow). In […]
Although the Federal Reserve and the European Central Bank’s message regarding interest rate cuts seems clear, reiterating their commitment to reducing inflation, the market is expecting between five and six interest rate cuts, between 125 and 150 basis points, […]
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