Following a strongly inflationary metal environment in Q1, Q2 2022 is looking like a whole different ballgame. A recent Capital Economics note to clients phrases it particularly well, stating that “all three of the world’s major economic blocs are now facing significant headwinds.” In the US, the storm stems from an increasingly-hawkish Federal Reserve. The […]
This should come as no surprise, as lithium-ion batteries are essential to electric vehicles and energy storage. Because of the increased demand for electric vehicles, lithium extraction technology has seen heavy investment. These technologies aim to extract lithium from brine using filters, membranes, ceramic beads, and other “micro-level” solutions. Before the US could boost lithium […]
It’s been another very busy week for oil and gas markets as Putin threatened European gas imports, a storm knocked a major oil pipeline offline, and a Saudi oil terminal came under missile attack. Bullish factors in oil markets are piling up, from attacks on Saudi oil infrastructure to a potential end of Russian oil […]
The less liquid market is thus more prone to wild price swings, as seen in just two weeks, in which oil jumped and slumped by $40 a barrel in both directions. There’s much more volatility ahead in the near future, analysts and investment banks say. Portfolio managers cut their bullish bets on Brent Crude by […]
On top of $90 oil prices, the futures market also points to further pain at the pump for American consumers. The highest premium of gasoline futures over crude since 2013 signals that motor gasoline supply could be tighter than expected this summer when U.S. In the U.S., total motor gasoline inventories increased by 1.3 million […]
But over in commodity shipping — dry bulk, crude and product tankers, liquefied natural gas carriers — spot rates have now sunk below five-year averages. Crude tanker owners have been bleeding cash for over a year, and the market will have to absorb more new tonnage in 2022 than in 2021. Crude tanker rates were […]
We are halfway through the first month of the new year, and oil’s bull run is showing no signs of slowing. Brent crude futures settled $1.59, or 1.9%, higher in Friday’s session at a 2-1/2-month high of $86.06 a barrel, gaining 5.4% in the week, while U.S. Morgan Stanley predicts that Brent crude will hit […]
At the start of December, the OPEC+ alliance expected a larger oil market surplus to the tune of 2 million bpd and more during the first quarter of 2022. …Read the full story
This represents a notable 9% increase compared to a month earlier and is nearly double the 434,000 barrels per day produced for the same period a year earlier. A chronic shortage of diluent forced PDVSA from early 2019 to mix locally produced higher-value light sweet crude with the extra-heavy oil, produced in the Orinoco Belt, […]
According to industry executives, the recent jump in price volatility will motivate more companies to consolidate, especially in the Permian—the star among the shale plays. Prices are already excessively volatile with the continuing pandemic, the absence of evidence that mass vaccination is creating herd immunity, and the emergence of the new Omicron variant, which has […]
However, that share will have to rise to 100% in fewer than nine years if the target to ban sales of new internal combustion engine vehicles by 2030 is to be met. On the commercial vehicle side, more and more companies are committing to ambitious decarbonization targets, which means emissions from commercial vehicle fleets are […]
