Reuters has launched a new twice-weekly newsletter called Power Up curated by my talented colleague David Gaffen. It covers all Reuters’ top energy stories. If you would like to receive it, you can add your email to the distribution list here: https://www.reuters.com/newsletters/reuters-power-up/
Oil price shock to persist into 2023 ($BBG)
Oil prices expected to rise further ($FT)
U.K. government orders fuel price inquiry
U.S. refinery processing likely to accelerate
U.S. Midwest at risk of blackouts for years
Food versus biofuel – land competition ($FT)
U.S. TREASURY yield curve between two-year and ten-year notes has flattened again in response to faster inflation. Traders anticipate the central bank will have to engineer a harder landing for the economy to bring price increases under control:
BRITAIN’s economy has started to contract as surging inflation hits household and business spending. Real output fell or was flat in four of the five months between December and April. The other major European economies, which publish data with longer delays and less frequency, are probably also on the leading edge of a recession:
JKempEnergy.com 