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Bloomberg

Mexico Cuts Pemex Debt Burden by $3.2 Billion - ENB
Exploration and Production

Mexico Cuts Pemex Debt Burden by $3.2 Billion

January 9, 2022 Mariel Alumit

President Lopez Obrador had announced the aid in December The government refinanced short-term debt with a new 10-year bond The operation will reduce the “financial pressure” on Pemex by $10.5 billion between 2024 and 2030, […]

Crude Oil News

Oil prices prep for third weekly advance as supply lines fray

January 8, 2022 Mariel Alumit

(Bloomberg) -Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the OPEC+ coalition and beyond. Futures increased again on Friday to trade near $80 a barrel in […]

LNG King of LNG undercuts rivals to keep world domination
Uncategorized

Gas Tankers Hauling U.S. Fuel Crowding Europe-Bound Sea Lanes

December 28, 2021 Mariel Alumit

The number of U.S. natural gas cargoes heading for European ports jumped by one-third over the weekend as the continent shivers amid a deepening energy crisis. There were 20 tankers bearing American gas heading for […]

Commodities

Stocks Rise With U.S. Futures; Crude Oil Climbs: Markets Wrap

December 28, 2021 Mariel Alumit

Europe shares advance; Chinese technology stocks retreat S&P 500 index hit 69th record close; iron ore extends the decline. Stocks in Europe advanced along with U.S. equity futures as traders evaluated the resilience of the […]

Cargill CEO - ENB - Bloomberg
Commodities

Soaring Food Prices Are Approaching a Peak, Cargill CEO Says

December 16, 2021 Stu Turley

ENB Publishers Note: I disagree that food prices are tempary. There is nothing to indicate any of the other items to manufacture food will have price decreases. In fact with the energy crisis there will […]

Commodities

Oil Rises on Hawkish Fed and as U.S. Demand Withstands Omicron

December 16, 2021 Stu Turley

Oil rose after U.S. crude stockpiles fell the most since September and a more hawkish Federal Reserve spurred a broader rally in financial markets on speculation it can slow inflation without derailing growth. Futures in […]

Commodities

Oil Futures Curve Sends Warning Sign to Bullish Investors

December 15, 2021 Stu Turley

The oil market flashed its biggest bearish signal in months on Tuesday, indicating oversupply could be on the horizon through the first quarter of 2022. Brent crude for February settlement flipped to trade at a […]

Commodities

This Time Really Is Different as Stocks Buck Rise in Commodities

December 10, 2021 Mariel Alumit

Commodity prices climb faster than in previous recoveries Stocks, bond yields aren’t responding the way they used to Commodities are climbing fast as the world recovers from the Covid pandemic. But while the speed is […]

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 […]

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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