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  • OPEC Credibility On The Line With Talk Of More "Ouching"

    From zerohedge.com

    Saudi Arabia’s energy minister has warned speculators to “watch out” - an implied threat to cut production again to drive prices higher when ministers from the expanded OPEC⁺ group of exporters meet on June 4. “I keep advising them (speculators) that they will be ouching, they did ouch in April, I don’t have to show my cards, I am not a poker player … but I would just tell them watch out,” Energy Minister Prince Abdulaziz bin Salman said at a conference on May 23. Total hedge fund short positions in the three main Brent and WTI futures and options contracts had more than doubled to 184 million ... (full story)

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    US: Congress close to deal before breaking for holiday, reports say

    From bbc.com|May 26, 2023

    US President Joe Biden and top Republican Kevin McCarthy appear to be inching closer to an agreement over the US debt ceiling - even as Congress breaks up for a holiday weekend. ...

    Chancellor comfortable with recession if it brings down inflation

    From news.sky.com|May 26, 2023|2 comments

    video Jeremy Hunt has told Sky News he is comfortable with Britain being plunged into recession if that's what it takes to bring down inflation. The chancellor said that he ...

    Natural Gas (NATGAS/USD) Price Technical Analysis for May 26, 2023

    From fxdailyreport.com|May 26, 2023

    Natural gas fell through the neckline of its head and shoulders pattern to signal that a reversal from the uptrend is underway. Price could fall by the same height as the chart ...

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    Costs of electricity generation: System costs matter

    From dbresearch.com|May 26, 2023

    Ahead of the phase-out of nuclear energy in Germany, the costs of electricity generation were debated again. Often, however, no distinction is made as to which specific costs are ...

    US oil and gas companies learn to live with higher standards

    From woodmac.com|May 26, 2023

    The standard shorthand for political allegiances in the US divides the country into red (Republican) and blue (Democratic) states, but those designations are fluid. Ohio, a state ...

    Germany gears up for EU fight over electricity bidding zones

    From euractiv.com|May 26, 2023

    Talks on Germany’s future electricity market are heating up as all parties await a key analysis from grid operators amid looming threats from Brussels to split up the country’s ...

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  • Posted: May 26, 2023 4:04am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 85
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