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EnergyNews

Column: U.S. Gas Prices Near Record Low Amid Over-Production – John Kemp

February 23, 2023 Mariel Alumit

​ LONDON, Feb 22 (Reuters) – U.S. gas prices have slumped close to their lowest level on record, after adjusting for inflation, as traders respond to signs of a persistent production surplus in the domestic […]

Jones
Finance

Dow Jones Reverses Ahead Of Fed Minutes Baidu Surges On Earnings Nvidia Earnings On Deck

February 22, 2023 Mariel Alumit

The Dow Jones Industrial Average reversed lower Wednesday morning with minutes from the Federal Reserve’s latest policy meeting due later in the day. Chinese internet giant Baidu (BIDU) briefly surged before turning lower, while cybersecurity […]

Louisiana Supertanker Port Sets Shipment Record - Energy News Beat
Crude Oil News

Europe’s Thirst for U.S. Crude To Stay High In 2023 – Good for U.S. markets

February 19, 2023 Mariel Alumit

Europe’s thirst for U.S. crude oil is expected to remain elevated, VP of Midstream for Chevron Corp said today on the sidelines of the Argus Americas Crude summit. “A key change in flow is U.S. […]

Crude Oil News

U.S. crude oil exports to be in demand this year as trade flows reshuffle

February 18, 2023 Mariel Alumit

U.S. crude oil exports that have been boosted by a trade flow reshuffle in the aftermath of Russia’s invasion of Ukraine will remain elevated this year as Europe and Asia search for supplies, company officials […]

Downstream

Column: U.S. jet fuel shortage drives airline costs higher

February 18, 2023 Mariel Alumit

​A business jet is refueled using Jet A fuel at the Henderson Executive Airport during the National Business Aviation Association (NBAA) exhibition in Las Vegas, Nevada, U.S. October 21, 2019. REUTERS/David Becker LONDON, Feb 16 […]

U.S Market

Work-From-Home Trend Costs $12 Billion Per Year In Lost Revenue

February 15, 2023 Mariel Alumit

A new report has put a price on exactly what the “work from home” trend has cost the office-laden city of Manhattan: a stunning $12 billion per year. Working at home means that office workers […]

Fed
Jobs

Minimum Wage and; The Fed’s Biggest Fear

February 13, 2023 Mariel Alumit

Authored by Lance Roberts via The Epoch Times, How does the minimum wage affect the Fed’s biggest fear? I touched on this subject previously as the Fed began its rate-hiking campaign. However, while the issue […]

CO2 & GHG

NFE to use Honeywell technologies for fast LNG projects

February 12, 2023 Mariel Alumit

US energy company New Fortress Energy (NFE) will use a series of technologies from technology company Honeywell UOP to remove various contaminants from natural gas prior to liquefaction at its fast LNG (liquefied natural gas) […]

Crude Oil News

Goldman lowers 2023 Brent price forecast to $92/bbl

February 11, 2023 Mariel Alumit

Goldman Sachs lowered its oil price forecasts for this year and next but still expects prices to rise gradually to $100 a barrel by December. Goldman lowered it Brent 2023 price forecast to $92 per […]

Fed
Finance

Fed Loan Officers Paints Dire Picture: Loan Standards Approaching Record Tightness As Loan Demand Plummets

February 7, 2023 Mariel Alumit

Late last week, when looking at the most recent Senior Loan Officer Opinion Survey held by the Fed, we noted that the surge in revolving credit has not gone unnoticed by lenders: the on bank […]

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