Tag Archives: energy

The prices of energy, crude and gasoline all increased in 2021 from 2020 according to the latest data released Wednesday by the US Energy Information Agency.Prices increased because of higher demand and a range of other factors. By the end of 2021, commodities on the energy index traded 59% higher …

Nonfarm Payrolls relatively disappointed prior estimates, but the labor market indicators were stronger than expected. The employment data has had a modest impact on the forex market. In the light of the NFP data, the US Fed is very determined to move out of easing policy settings.Economic DataNonfarm Payrolls (NFP) …

Inflation in the Eurozone climbed to an annual rate of 5 percent in December, the second-consecutive record, according to the European Union statistics office’s initial estimate, which was released on Friday.The rate was slightly higher than the previous month’s increase of 4.9 percent. Inflation around the world has jumped as …

The S&P 500 is a little lower but trading within recent ranges under 4800 ahead of the Fed minutes release. Growth continues to underperform value, meaning the Nasdaq 100 is performing poorly while the Dow is holding up better.US shares are mixed in the run-up to the release of the …

So far, commodities have been the best performing asset class in 2021 amid record high prices, but will rising interest rates next year hold back the momentum of this investment?The sped-up tapering is signaling steeper interest rate hikes over the next two years, consequently, this will add to the US …

The US is suffering from its highest inflation wave in 40 years according to newly released federal economic figures. For anyone hoping there would be an end to the exorbitant climb in prices before year-end, this was a disappointment. But it could be the peak.The Bureau of Economic Analysis released …

The US EIA has reported a 26-billion-cubic-foot weekly climb in natural-gas supplies. The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 26 billion cubic feet for the week ended Nov. 12. IHS Markit had forecast an increase of 24 billion cubic feet. Total …

Natural gas futures trimmed losses ahead of the latest round of government inventory data early Thursday as strong liquefied natural gas takeaway continue to support prices.Coming off a 36.1-cent sell-off in the previous session, the December delivery Nymex contract was up 17.7 cents to $4.993/MMBtu.Technical momentum and evidence of strong …

A sharp surge in natural gas prices since August has put pressure on a set of commodities, including crude oil, coal and electricity. Prices are currently squeezing margins for industrial users. Some industrial activities have contributed to higher prices for other commodities, such as base metals and ammonia as output …

One of US President Joe Biden’s toughest challenges is maneuvering America’s relationship with its biggest economic enemy; namely China. when Biden holds a virtual summit with Chinese counterpart Xi Jinping later on Monday, issues such as tariffs, supply chain bottlenecks, subsidies, Chinese property sector debt crisis and the global energy …