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Home2021December

Month: December 2021

Crude Oil News

More OPEC production and higher global natural gas prices widen crude oil price spreads

December 3, 2021 Mariel Alumit

Source: Graph by the U.S. Energy Information Administration, based on data from CME Group, as compiled by Bloomberg L.P. Recently, prices of high-sulfur crude oils have been declining relative to low-sulfur crude oils. Rising crude oil […]

Climate Crisis

Crude reality: One U.S. state consumes half the oil from the Amazon rainforest

December 3, 2021 Stu Turley

ENB Publishers Note: The hypocrisy of California is sad. “Let’s save the planet” but turn a blind eye to being one of the largest reasons the Amazon rain forest is being destroyed through importing oil […]

Canada US Flags - ENB
EIA News

In 2020, the value of energy trade between the United States and Canada declined

December 2, 2021 Mariel Alumit

Source: Graph by the U.S. Energy Information Administration, based on Standard International Trade Classification (SITC) data published by the U.S. Census Bureau Note: Data displayed are for crude oil, petroleum products, natural gas, and electricity only. In 2020, […]

California Drought -ENB
EIA News

California hydroelectric facilities continue to respond to prices despite drought

December 1, 2021 Mariel Alumit

Source: Graph by the U.S. Energy Information Administration, based on data from the California Independent System Operator (CAISO). Despite widespread, intense drought conditions, hydroelectric power plants in the California Independent System Operator (CAISO), the grid operator for most of […]

Bloomberg - Inflation - Fernandez -ENB
Finance

Omicron Risks New Inflation Headache for World’s Central Bankers – and the energy market

December 1, 2021 Stu Turley

New lockdowns would threaten to aggravate supply shortages  Central banks face complex challenges on policy decisions The advent of the omicron variant of the coronavirus risks posing new challenges for central bankers by threatening economic […]

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