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Summary OECD raises US growth outlook, cuts euro zone OECD sees Fed rate cut in Q2, ECB in Q3 Red Sea attacks could boost CPI 0.4 points PARIS, Feb 5 (Reuters) – The global economy is on course to hold up better this year than expected only a few months ago as an improved outlook …
OECD Raises Global Growth Outlook on U.S. Strength Read More »
(Reuters) – U.S. President Joe Biden’s administration announced a pause on pending and future permits to export liquefied natural gas (LNG) to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts. In 2023, roughly 67% of U.S. LNG exports went to Europe and 26% went to Asia, LSEG data …
European and Asian Companies Affected by U.S. Pause on LNG Export Permits Read More »
Summary Positive U.S. jobs report could delay rate cuts US plans further strikes against Iran-backed groups Ukraine hits Russia’s Volgograd refinery in latest drone attack (Reuters) – Oil prices were steady on Monday following sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and a strong …
Oil Steady as Mideast Strikes Compete with Rate Cuts Caution Read More »
Members of Congress just submitted and signed an excellent ETP-advised letter challenging the Biden Administration’s most recent “Environmental Justice” initiative. By Alex Epstein I have long been a critic of the “environmental justice” movement. Like so many aspects of the anti-fossil-fuel movement it ignores the benefits of fossil fuels and overstates their negative side-effects. Unfortunately, many in Congress …
The U.S. Department of Justice (DOJ) on Friday announced terrorism and sanctions-evasion charges and seizures linked to a billion-dollar oil trafficking network that it says finances Iran’s elite Islamic Revolutionary Guard Corps (IRGC). “The Department of Justice’s actions are critical to stemming the flow of money that Iran uses to engage in activities that threaten …
U.S. Unveils Charges, Seizures Linked to Iranian Oil Network Read More »
Summary U.S. employers added far more jobs in January than expected International Monetary Fund sees China economic growth slowing Whiting refinery power restored after outage NEW YORK, Feb 2 (Reuters) – Oil prices fell by about 2% on Friday and were headed for weekly losses after U.S. jobs data shrank the odds of imminent interest …
Oil Falls to End the Week as U.S. Jobs Data Dents Hope for Near-Term Rate Cuts Read More »
Feb 2 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …
US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks – Baker Hughes Read More »
Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. administration to pause approvals on new liquefied natural gas (LNG) plants, EU energy officials and analysts said, dismissing industry’s warnings. Gas companies – and lobby groups who learned of the move ahead of the decision and …
U.S. LNG Export Pause Leaves EU, Industry at Odds Over Energy Security Read More »
By Cody Good Governments often provide fossil fuel subsidies to, typically, make energy costs more affordable for consumers. These subsidies are of two types: explicit and implicit. Explicit subsidies are direct financial supports, such as tax breaks or price controls, that reduce the cost of fossil fuels to consumers or producers. Implicit subsidies, on the …
INFOGRAPHIC: What Are Fossil Fuel Subsides? – ENERGYminute Read More »
Bloomberg Since 2021, lithium prices have surged 10-fold, only to crash back to earth, wiping out billions of dollars in miners’ shares and forcing supply cuts. The ripple effects of this ride are only just beginning. The reversal of fortunes for the electric-vehicle battery metal has been nothing short of stunning. Its rapid ascent to a …
What Lithium’s Roller-Coaster Ride Means for Miners Read More »
