Surging Fuel Costs Have Begun To Trigger Demand Destruction
Mike Mueller, head of Asian sales at the world’s biggest independent oil trader, Vitol, says they are seeing clear signs that the cost of oil is beginning to cause demand…
JP Morgan Says Latest Sanctions On Russia Could Produce $380 Oil
JP Morgan is warning of the possibility of a catastrophic scenario where by Russia decides to perform a retaliatory crude output cut at some point in response to new US…
Europe Imports More LNG From US Than Russia
The EU has, for the first time, imported more Liquified Natural Gas (LNG) in a month than they have received pipeline gas from Russia. Russia’s reductions in pipeline supply combined…
Russia To Expropriate Sakhalin-2 Gas And Oil Project From Foreign Interests
President Vladimir Putin has signed a decree which will take full control of the Sakhalin-2 gas and oil project in Russia’s far east, setting the stage to possibly seize the…
Is Oil Set To Collapse?
As the S&P 500 has dropped more than 20% in the first half alone putting us well into a bear market, inflation is at a 40 year high, consumer sentiment…
Biden Administration Mulls Further Strategic Petroleum Reserve Release
The Biden administration is examining releasing even more oil from the Strategic Petroleum Reserve. The administration already committed to release one million barrels of crude per day into the commercial…
Public Sentiment Opposes Russia Sanctions, If Inflation Is Involved.
Recent polling has shown that while a majority of Europeans support placing sanctions on Russia over the invasion of Ukraine if there is no cost to doing so, less than…
Global Energy Supply Flows Are Reorganizing
As Russia has been excommunicated from the world economy over its invasion of Ukraine, it has had profound effects on energy supply flows. In Liquid Natural Gas, where the US…
Exxon Mobil CEO – By 2040, Every New Passenger Car Will Be Electric
In an interview, Exxon Mobile CEO Darren Woods predicted that every new automobile sold in the world would be electric by 2040. According to Canalys, a market research firm, in…
Century Aluminum To Shutter Hawesville Smelter, Lay Off 600 Due To Energy Costs
Unable to turn a profit due to high energy costs and dropping commodity prices, a Kentucky Aluminum plant is going to temporarily halt production and lay off more than 600…
