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  • Gasoline Demand Dip That Spooked Market Sparks Furor Over US Data

    From bnnbloomberg.ca

    The world’s most closely watched energy data from the US government is sparking an unusual amount of confusion and even skepticism in some corners. The Energy Information Administration reported the four-week average of gasoline supplied, a proxy for demand, fell last week below the same time in 2020, when the country was in the throes of the Covid-19 pandemic. The report led gasoline futures trading in New York to drop by as much as 25 cents a gallon in intraday trading. While the pressure of high prices has been very real for most American drivers and was expected to blunt consumption, the extent of the decline ... (full story)

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    Venezuela redirects Iranian crude on quality issues

    From argusmedia.com|Aug 6, 2022

    Recent shipments of Iranian crude sent for processing at PdV's 140,000 b/d El Palito refinery — part of an energy deal between Caracas and Tehran — caused operational problems ...

    Putin Bans Oil Companies, Banks From Exiting Nation to Year-End

    From bnnbloomberg.ca|Aug 6, 2022

    President Vladimir Putin tightened his control over two key sectors of the Russian economy with a decree that bans some foreign banks and energy companies, including Exxon Mobil ...

    Week Ahead Economic Preview: Week of 08 August 2022

    From ihsmarkit.com|Aug 5, 2022|1 comment

    Q2 GDP updates will be due for the UK, Russia and Singapore in the coming week alongside a series of inflation data for the US, India, China, Germany, France and Italy. At the ...

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    Week Ahead - Fear returns ahead of inflation data

    From marketpulse.com|Aug 6, 2022

    Can the Fed afford to ease off the brake? The end of last week was a bit of a reality check for investors that were maybe getting a little carried away with the supposed “dovish ...

    Dry Weather To Impact Europe’s Power Generation Through September

    From oilprice.com|Aug 6, 2022

    The hot and dry weather in Germany will continue through September, according to weather forecasts, which could constrain power generation in the country and nuclear power supply ...

    German Finance Minister Looking at VAT Exemption for Gas Levy

    From bnnbloomberg.ca|Aug 6, 2022

    German Finance Minister Christian Lindner said he will look at ways of exempting the country’s looming gas levy from sales tax in an effort to at least partially ease the burden ...

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  • Posted: Aug 6, 2022 8:01am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 180
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