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Biden Administration Bans Fossil Fuel Usage In Federal Buildings
Article By:
Robert Rapier
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Sunday, May 5, 2024 7:18 AM EDT
The U.S. Department of Energy has finalized a rule banning fossil fuels from new and renovated federal buildings. The law requires the phasing out of fossil fuel-generated energy consumption by 2030.
EIA Provides Information On The U.S. Oil Reserves – It Is Looking Pretty Good
Article By:
EconCurrents
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Sunday, May 5, 2024 6:30 AM EDT
EIA the U.S. Energy Information Agency has issued their estimate of U.S. Oil and Gas Reserves in 2022. In this article, I present the EIA report in its entirety with two additional EIA graphics.
A Definitive Path To Rate Cuts, Even If Postponed Until September
Article By:
Stephen Innes
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Saturday, May 4, 2024 5:32 AM EDT
While the current resilience of the harder economic data is notable, prolonged deterioration in survey-based data often precedes weakness in "hard" data over time, suggesting that caution may be warranted despite the current resilience.
U.S. Oil And Gas Production Again On A Record Pace
Article By:
Robert Rapier
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Friday, May 3, 2024 12:45 PM EDT
Last year marked a record for U.S. oil production with an average daily production of 12.93 million barrels per day. However, current data shows that average daily production in 2024 is 13.12 million bpd — 7.1% ahead of the level of a year ago.
Natural Gas Prices Are Negative, Giving Existing Oil And Gas Infrastructure The Advantage
Article By:
Brad Thomas
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Friday, May 3, 2024 11:30 AM EDT
Today, I’ll tell you what's causing the glut in oil and gas, explain why these companies are paying to have their natural gas taken away, and show you one way to profit from natural gas while collecting a reliable high yield.
In this article: MLPX
The Commodities Feed - European Gas Rallies
Article By:
ING Economics
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Friday, May 3, 2024 7:11 AM EDT
European natural gas prices rallied yesterday despite comfortable storage and a bearish outlook. The move higher in crude oil was more modest, after several bearish developments over the week
Natural Gas-What’s Taking So Long?
Article By:
Michele Schneider
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Thursday, May 2, 2024 10:13 AM EDT
Year-to-date, natural gas prices are down nearly 40%, but recent knows may signal a change is coming.
In-Depth Analysis Of Current Economic Indicators And Interest Rate Projections
Article By:
The Private Banker
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Thursday, May 2, 2024 5:23 AM EDT
Interest rate futures, as captured, indicate minimal expectation for rate cuts within the year, reflecting a market adaptation to an extended period of higher rates.
Crude Oil Recedes Post-Fed, WTI Tumbles Below $80
Article By:
Joshua Gibson
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Wednesday, May 1, 2024 7:50 PM EDT
West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on the path forward toward rate cuts.
WTI Remains Under Selling Pressure Below $81.00 Amid Unexpected Oil Stockpile Build
Article By:
Lallalit Srijandorn
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Wednesday, May 1, 2024 1:40 AM EDT
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $80.80 on Wednesday. The black gold edges lower on rising crude inventories in the United States and easing geopolitical tensions in the Middle East.
The Commodities Feed: Speculators Dump Oil
Article By:
ING Economics
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Monday, April 29, 2024 5:53 AM EDT
The oil market has started the trading week under pressure with geopolitical risks continuing to ease. However, fundamentals remain constructive, which should limit the downside. Copper prices broke above US$10kt for the first time since 2022.
Natural Gas: Buying The Dip
Article By:
Dimitris Kontoulis
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Sunday, April 28, 2024 8:20 AM EDT
Natural gas on the Nymex had a very volatile week before closing 3% lower than the previous one at $1.92. EIA reported on Thursday a build of 92 Bcf in working underground stocks.
Chevron’s Mixed Q1: $2.93 Adj. EPS, $48.72 B In Revenue
Article By:
The Tokenist
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Friday, April 26, 2024 8:00 AM EDT
Chevron Corporation reported its Q1 earnings for 2024.
In this article: CVX