Tag Archives: energy cost

Businesses are delaying some of their investments in the Eurozone, and output is declining. Two recent reports from the ECB provide an assessment of the issue. The majority of Eurozone businesses are delaying investments. The European Central Bank refers to a “gloomy outlook and a historic low” in its most …

The White House on Friday confirmed earlier reports that it is looking at options to cut US consumption of Russian energy. The White House labelled Russia’s attack on a nuclear plant in Ukraine as the “height of irresponsibility” and said that targeting civilian infrastructure would constitute a war crime. An …

US consumer prices have surged well above expectations, raising further concerns about price pressures and pushing investors in global financial markets toward expectations and bets that the Fed will raise interest rates in March to levels that exceed current expectations.The annual US Consumer Price Index (CPI) is 7.5% higher than …

The shift toward renewable energy has to be managed very carefully in order to prevent a surge in oil prices as energy demand continues to rise, according to Saudi Arabia’s finance minister.“We have very serious concerns that the world could run short of energy if we are not careful in …

US drillers this week have added oil and natural gas rigs for the sixth time in seven weeks as demand for energy keeps growing after last year’s coronavirus demand destruction.That rig count increase comes despite oil price declines in six of the past seven weeks. The oil and gas rig …

US natural gas futures fell 7% on Wednesday, November 17, with continued increases in production and expectations of a decline in heating demand this week. As US gas contracts for December delivery ended the trading session lower by 36.1 cents, to settle at $4.816 per million British thermal units. After …

Oil prices fell on Friday, erasing gains made in the previous session, as the dollar continued to rise on bets that the US central bank would present plans to raise interest rates to curb inflation. In Asian trading, US West Texas Intermediate crude futures fell 26 cents, or 0.3%, to …

The European Commission raised its growth forecast for the year for the 19 countries using the euro, saying Thursday that the economy was bouncing back from the worst of the coronavirus pandemic as people went back to work in consumer-facing jobs.However, the EU’s executive branch lowered its outlook for next …

Oil prices rose on Wednesday, continuing the strong gains recorded in the previous session, after data in the sector revealed that US crude stocks fell unexpectedly last week, with travel demand starting to recover in the short term with the easing of pandemic restrictions. Brent crude futures rose 44 cents, …

Oil prices fell, in trading today, Tuesday, after two consecutive sessions of gains supported by the American infrastructure bill, Chinese exports, the global recovery after the pandemic, and the raising of expectations for fuel demand. Brent crude was down 10 cents at $83.33 a barrel, after rising 0.8% on Monday, …