3 Cheap Stocks For the Green Energy Boom
October 18, 2021
InvestorPlace – Stock Market News, Stock Advice & Trading Tips High Energy Prices Have…
EIA expects U.S. natural gas prices to stay high through the winter
October 18, 2021
World Oil WASHINGTON – In its October Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that natural gas spot prices at the U.S. benchmark Henry Hub will average $5.67 per million British thermal units (MMBtu) between October and March, the highest winter price since 2007–2008. The increase in Henry Hub prices in recent months and in the forecast reflect
Manchin opposes clean energy plan in Biden’s spending package
October 18, 2021
World Oil WASHINGTON (Bloomberg) –Senator Joe Manchin has told the White House and congressional leaders that he will not support including a key clean-power provision in the Democrats’ spending package, putting at risk a central element of the legislation designed to fight climate change, according to a person familiar with the matter. A final decision about the fate of the
Big Oil CEOs have a personal reason to put more focus on less fossil fuels
October 18, 2021
CNBC As energy sector demand roars back and commodities market pundits talk about the return of $100 oil, there are new factors in the energy sector pushing producers to extract less — from greater fiscal discipline in the U.S. shale after a decade-long bust to ESG pressure and the ways in which energy executives are being paid by shareholders. In 2018, Royal
Head of Ukraine’s Naftogaz accuses Russia of blackmailing Europe over gas
October 18, 2021
Reuters KYIV – The head of Ukraine’s state energy company Naftogaz on Monday said Russia was trying to blackmail Europe into certifying its Nord Stream 2 pipeline by keeping natural gas supplies lower. Both the Kremlin and gas giant Gazprom GAZP.MM have repeatedly said Russia is meeting all the requests for gas supplies from European customers. “All specialists understand that Gazprom deliberately
Oil price climb continues, logging eighth weekly gain
October 18, 2021
World Oil (Bloomberg) –Oil rose higher on Monday following an eighth weekly gain, spurred on by the energy crunch as winter approaches. Futures in New York were above $83 a barrel after adding 3.7% last week, capping the longest run of weekly gains since 2015. A shortage of natural gas is creating extra demand for oil products like fuel oil
Gazprom books fraction of gas transit capacity via Poland, ignores Ukraine
October 18, 2021
Reuters MOSCOW – Russian gas giant Gazprom has booked about a third of offered additional gas transit capacity via the Yamal-Europe pipeline via Poland for November and has not booked any volumes via Ukraine, auction results showed on Monday. Gazprom’s data also showed its gas exports declined in the first half of October from the same period in September. The
OPEC misses crude output targets, straining global oil supply
October 18, 2021
World Oil (Bloomberg) –OPEC and its allies once again failed to pump enough oil to meet their output targets, exacerbating the supply deficit as the world recovers from the coronavirus pandemic. OPEC+ cut its production 15% deeper than planned in September, compared with 16% in August and 9% in July, according to delegates with knowledge of the matter. This reflects
