Energy prices in Europe are repeatedly breaking records even before winter really kicks in, and one of the most damaging cost crunches in history is about to get worse as the temperature starts to drop. A super price spike in […]
(Bloomberg) –Surging oil and natural gas prices are spurring production increases from West Texas to the Upper Great Plains that probably will lift output to levels not seen since the early days of the pandemic, […]
Saudi Energy Minister Prince Abdulaziz Bin Salman delivered an hour-long masterclass in gaslighting after Thursday’s virtual meeting of ministers representing the OPEC+ group of oil producers. Arguing that the current energy crisis had been caused […]
Coal stockpiles at U.S. power plants plunged to the lowest in at least 24 years as electricity generators burn the fuel faster than miners can dig it out of the ground. Inventories fell to 84.3 […]
The energy crisis is a tragedy for the consumers as many are facing paying 50% more for heating their homes this winter. This morning on Bloomberg Francisco Blanch, BOFA Global Research, commented that Europe, and […]
U.K. drivers head into a second working week of fuel shortages, with the threat of higher prices adding to pressure as the government deploys army personnel to ease the crunch. The Royal Automobile Club warned […]
This week in the markets is more than entertainment, it is fun watching people put their money where they think commodities are moving. Bloomberg published: “It’s not just $200 calls that have been trading in recent […]
Following concerns that it is facilitating the sale of meaningless carbon credits to corporate clients, the Nature Conservancy says it’s conducting an internal review of its portfolio of carbon-offset projects. The nonprofit owns or has […]
Oil ended the session unchanged after choppy trading with traders focused on adjusting positions in U.S. crude options ahead of expiration. Futures in New York closed flat on Thursday after earlier declining as much as […]
Europe’s energy ambitions are clear: to shift to a low-carbon future by remaking its power generating and distribution systems. But the present situation is an expensive mess. A global supply crunch for natural gas, bottlenecks […]
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