Tag: oott
The International Energy Agency expects natural gas demand to decline slightly this year, with growth slowing further over the next three years. In a gas market report issued today, Tuesday (July 5), the Energy Agency attributed its expectations of a contraction in global gas consumption to high prices, with fears of more gas supplies being […]
Oil prices are falling in volatile trading.. Brent crude is near $112 Oil prices declined, during trading today, Tuesday, July 5, 2022, with increasing fears of supply disruptions, amid a possible production cut in Norway. Fears of a lack of supplies, in conjunction with an increase in demand for fuel, overshadowed a possible global recession […]
Gas and coal prices continue to rise to record levels that will boost Australian revenues next year (2023), as it seems that the repercussions of the Russian invasion of Ukraine will not be enough to stand behind market volatility during the current year (2022). Revenues from the metals and energy sectors in Australia are supported […]
Oil prices rose by more than 2%, during trading today, Friday, July 1, 2022, to compensate for most of the losses witnessed in the previous session. The rise came after it eased during morning trading, as supply disruptions in Libya and the expected shutdown in Norway exceeded expectations that an economic slowdown could dampen demand. […]
Investors are concerned about inflation, even Us yields are falling. Treasury yields in the United States fell for the second day in a row on Wednesday, as the market remained concerned about the Federal Reserve’s ability to control inflation without plunging the economy into recession. Fed Chairman Jerome Powell stated on Wednesday that there is […]
The summit of the Group of Seven industrialized countries ended yesterday, Tuesday, June 28, by agreeing to consider setting a ceiling for the price of Russian oil as part of its efforts to pressure Russia and its retreat from the war in Ukraine. Despite the difficulty of achieving this, the Group of Seven countries believes […]
Global energy consumption increased by 5.8% over the past year (2021), to exceed pre-corona epidemic levels, with the recovery of economic activity. The annual statistical review issued by the British oil company BP, which was seen by the Energy Research Unit, showed that global energy consumption exceeded 2019 levels by 1.3%. At the same time, […]
On rising output, US natgas futures fell 2% to a new 11-week low. On Monday, U.S. natural gas futures fell about 2% to an 11-week low on rising output and lower demand expectations for the next two weeks, owing in part to a drop in liquefied natural gas exports from the shutdown of Freeport LNG’s […]
Oil Prices Rise 4%, And Brent Crude Is Above $113 Oil prices rose about 4% on Friday, June 24, supported by a supply shortage, although crude is heading for a second weekly decline amid concerns that higher interest rates could push the global economy into recession. US Federal Reserve Chairman Jerome Powell said Thursday that […]
Norway has boosted its production of natural gas at the expense of crude oil, in an effort to secure alternative supplies to compensate European countries for Russian gas, which meets nearly half of the old continent’s needs. Europe is the largest consumer of Russian gas, which flows to its countries through a network of pipelines […]
