Tag: currency

Best in Energy – 30 September 2022

EU divided on capping price of imported gas

U.S. commercial real estate’s energy efficiency

Netherlands’ inflation hits 17% in September

U.S. hiring strong despite sluggish GDP ($WSJ)

Nord Stream was sabotaged says NATO ($WSJ)

U.K. currency and debt market in crisis ($WSJ)

U.K. pension funds received margin call ($BBG)

Oil traders hunt for price floor

Low Earth Orbit satellites are proliferating

CHINA’s currency is trading close to its lowest level against the dollar since 2008 as U.S. interest rates rise while China’s economy struggles to end the cycle of coronavirus lockdowns:

CHINA’s manufacturers reported a slight increase in business activity this month after declines in the two prior months. The purchasing managers’ index rose to 50.1 (24th percentile for all months since 2011) in September from 49.4 (7th percentile) in August and 49.0 (2nd percentile) in July. The economy appears to have stabilised but is not growing significantly as a result of repeated city-level lockdowns and travel restrictions:

U.S INITIAL UNEMPLOYMENT claims fell to 193,000 last week, implying the labour market remains very tight, which will likely keep upward pressure on interest rates:

IF YOU would like to receive best in energy and my research notes every day, you can add your email to the circulation list here: https://eepurl.com/dxTcl1

Best in Energy – 7 April 2022

EU proposes ban on Russian coal from August

China/Australia coal ban as awkward precedent

IEA countries to release further 60 million bbl

Russia/China switch payments to yuan ($BBG)

Shell writes off $5 billion for exit from Russia

Shanghai quarantine facilities expand (trans.)

U.S. ethane consumption is growing

U.S. jet fuel supplies tighten ($BBG)

U.S. PETROLEUM inventories including the SPR rose by +1 million bbl last week – the first increase for 13 weeks and the first increase this year:

U.S. DISTILLATE inventories have risen by a total of +2 million bbl over the two most recent weeks after declining in 9 of the 10 previous weeks by -17 million bbl, as exceptionally high fuel prices incentivise more production and discourage consumption:

To receive best in energy and my research notes via email every day, you can add your email to the circulation list here: https://eepurl.com/dxTcl1