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British industry warns of factory closures without help on fuel costs
British industry warns of factory closures without help on fuel costs Stainless steel tubes are stored ready to be made into exhausts at the Eminox factory, during a post-Budget visit by Britain’s Chancellor of the Exchequer Philip Hammond, in Gainsborough, Britain October 30, 2018. Christopher Furlong/Pool via REUTERS LONDON, Oct 9 (Reuters) – Britain’s most […]
Kemp: Forget Russian Intentions, Fundamentals Drove Up Europe’s Gas Price
Kemp: Forget Russian Intentions, Fundamentals Drove Up Europe’s Gas Price European policymakers and some traders blame Russia for the low volume of gas stored across the region which has sent both gas and electricity prices surging to record highs. Russia’s pipeline gas export monopoly Gazprom has met commitments for long-term contracts, its clients confirm. But […]
Europe’s Gas Prices Surge To Avert Risk Of Winter Shortage
Europe’s Gas Prices Surge To Avert Risk Of Winter Shortage Europe’s gas and electricity prices are setting record highs on a daily basis and rising at an accelerating rate as the market tries to destroy enough demand to protect depleted inventories ahead of the winter. Gas storage sites in the European Union and United Kingdom are currently just under […]
Column: Hedge funds flock to oil as energy shortages worsen: Kemp
Column: Hedge funds flock to oil as energy shortages worsen: Kemp A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS/Max Rossi/File Photo LONDON, Oct 4 (Reuters) – Rising oil prices and the spreading global shortage of coal, gas and electricity have drawn fresh buying interest from hedge funds […]
EU To Propose Exempting “Green” Bonds From Deficit And Debt Limit Calculations
EU To Propose Exempting “Green” Bonds From Deficit And Debt Limit Calculations Yesterday, the ECB announced that in Q4, it would “modestly lower the pace of net asset purchases under the PEPP than in the previous two quarters” (even as Lagarde scrambled to convince markets not to call it tapering) with Reuters sources adding that “policymakers set a monthly target of between […]
Aramco On Lockdown After Houthi Missile Attack
Aramco On Lockdown After Houthi Missile Attack Saudi Arabia had intercepted a ballistic missile attack on facilities owned by state oil major Aramco in the Eastern Region, Reuters has reported, citing the Saudi defense ministry. Earlier reports said Aramco facilities in Dharan had gone on lockdown because of a suspected attack. The Iran-affiliated Yemeni Houthi group claimed […]
‘Spend as much as you can,’ IMF head urges governments worldwide
‘Spend as much as you can,’ IMF head urges governments worldwide MOSCOW (Reuters) – Policymakers worldwide should embrace more spending to help revive their stuttering economies, the head of the International Monetary Fund said on Friday at Russia’s annual Gaidar economic forum. Managing Director Kristalina Georgieva did not give any specific economic forecasts, but made […]
Britain’s National Grid forecasts tight electricity margins for Wednesday
Britain’s National Grid forecasts tight electricity margins for Wednesday LONDON (Reuters) – Britain’s National Grid, which is responsible for ensuring supply and demand are balanced in Britain’s energy systems, has issued a tight electricity margin notice for Wednesday afternoon and evening. In a market message, National Grid said there is a reduced margin between the […]
U.S. crude output to decline more than previously forecast in 2020 -EIA
U.S. crude output to decline more than previously forecast in 2020 -EIA NEW YORK (Reuters) -U.S. crude oil production is expected to fall by 910,000 barrels per day (bpd) in 2020 to 11.34 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, a steeper decline than its previous forecast for a drop of […]
Global Food Prices Rise As Famine Threat Emerges
Global Food Prices Rise As Famine Threat Emerges Food prices continue rising during the coronavirus pandemic, jeopardizing food security for tens of millions worldwide. On Thursday, the Food and Agriculture Organization (FAO) of the United Nations said world food prices rose for the fourth consecutive month in September, led by surging prices for cereals and vegetable […]
As Long As Mass Media Propaganda Exists, Democracy Is A Sham
As Long As Mass Media Propaganda Exists, Democracy Is A Sham A new Reuters/Ipsos poll has reportedly found that a majority of Americans believe the completely discredited narrative that the Russian government paid Taliban-linked fighters to kill the occupying forces of the US and its allies in Afghanistan. “A majority of Americans believe that Russia paid […]
Huge Debt Payments Come At Worst Time Possible For Canadian Drillers
Huge Debt Payments Come At Worst Time Possible For Canadian Drillers The collapse in oil prices has significantly deteriorated Canada’s oil companies’ finances and has made repaying their debt more challenging. Over the past decade, Canadian firms have borrowed money to survive the previous oil crisis of 2015-2016 and boost production post-crisis. But now the second […]
Weekly Commentary: Update COVID-19
Weekly Commentary: Update COVID-19 Can we even attempt a reasonable discussion? Someone’s got this wrong. June 12 – Reuters (Judy Hua, Cate Cadell, Winni Zhou and Andrew Galbraith): “A Beijing district put itself on a ‘wartime’ footing and the capital banned tourism and sports events on Saturday after a cluster of novel coronavirus infections centred […]
COVID Crisis Could Unify World’s Largest Oil Companies
COVID Crisis Could Unify World’s Largest Oil Companies Sir Winston Churchill once admonished leaders to never let a good crisis go to waste. Wall Street banks and other large banks have been paying attention: They were shrewd enough to seize the opportunity presented by the last financial crisis to get hard-nosed government agencies to approve […]
China Warns Of Possible Armed Conflict With US Over Coronavirus Backlash
China Warns Of Possible Armed Conflict With US Over Coronavirus Backlash An internal report presented to Chinese President Xi Jinping and other top leaders concludes that global anti-China sentiment is at a level not seen since the 1989 Tiananmen Square crackdown, and recommends preparing for a worst-case scenario of armed conflict with the United States, according […]
