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  • Oil industry says Granholm meeting sends ‘positive signal’

    From apnews.com

    A meeting with Energy Secretary Jennifer Granholm to lower gas prices and boost domestic oil supplies was constructive, but did not produce a major breakthrough, groups representing the oil industry and refiners said Thursday. The meeting with Granholm and other top officials came as President Joe Biden called on Congress to suspend federal taxes on gasoline and diesel fuel as a way to relieve high gas prices that have frustrated drivers and spurred inflation. The Democratic president also called on states to suspend their own gas taxes or provide similar relief, and he delivered a public critique of the energy ... (full story)

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    European Parliament passes ETS shipping changes

    From seatrade-maritime.com|Jun 23, 2022

    The European Parliament agreed to support the European Emissions Trading Scheme (ETS) with the significant inclusion of shipping. The June 22 vote also adopted positions on a ...

    Sunak Stands Firm on Oil, Gas Windfall Tax in Industry Meeting

    From bnnbloomberg.ca|Jun 23, 2022

    UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax on oil-and-gas profits despite protests from industry executives during their first meeting since ...

    Russia’s Revenues From Gas Still High Despite Supply Cuts To Europe

    From oilprice.com|Jun 23, 2022

    Russia is to be earning more than $100 million every day from the gas it sells to Europe despite the slashed deliveries to major EU consumers in the past week, according to data ...

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    Romania Bets On Nuclear Energy To Reduce Dependence On Russian Gas

    From oilprice.com|Jun 23, 2022

    For years, nuclear researchers, investors, and advocates have said that small modular reactors (SMRs) will not only be the future of nuclear energy, but they will also be the ...

    The Fed Isn’t Bluffing: The Real Threat of an Upside-Down Depression

    From blogs.cfainstitute.org|Jun 23, 2022

    Will the US Federal Reserve abandon its aggressive contractionary monetary policy once markets begin to capitulate? Many investors hope so. But given the fundamental conditions at ...

    German Utilities Prepare to Turn on Coal Plants Amid Gas Crisis

    From bnnbloomberg.ca|Jun 23, 2022

    Germany’s biggest utilities are working to revive their coal operations as Europe’s biggest economy turns to the dirtier fuel in a bid to reduce the use of natural gas for ...

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  • Posted: Jun 23, 2022 4:05pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 36
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