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Why oil companies are raking in record profits under Joe Biden
Nearly four years ago, while campaigning in the runup to the last presidential election, Donald Trump warned that President Joe Biden would “destroy” the oil industry. As Trump and Biden are set once again to face off in a presidential election, Trump has renewed claims that Biden’s agenda has hurt energy producers, promising to hit rewind on Biden’s environmental policies. But the oil and gas industry in the United States has thrived under the current president, even as the Biden administration has touted its efforts to transition away from fossil fuels and towards green energy sources. In the last three and ... (full story)
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From @financialjuice|Jun 11, 2024post: OPEC LEAVES 2025 WORLD OIL DEMAND GROWTH FORECAST UNCHANGED AT 1.85 MBPD.Monthly Oil Market Report In May, the OPEC Reference Basket (ORB) declined by $5.53, or 6.2%, m-o-m, to average $83.59/b. Oil futures prices declined, with the ICE Brent front-month contract falling by $6.00, or 6.7%, m-o-m, to average $83.00/b, and the NYMEX WTI front-month contract falling $5.77, or 6.8%, to average $78.62/b. The DME Oman front-month contract fell by $5.63, or 6.3%, m-o-m, to average $83.74/b. The front-month ICE Brent/NYMEX WTI spread narrowed by 23¢ to average $4.38/b. The price structure of ICE Brent and NYMEX WTI weakened and money managers were bearish amid heavy selling. The premium of light sweet to medium sour crudes narrowed further across all major trading hubs on a weaker light sweet market. post:
OPEC LEAVES 2024 WORLD OIL DEMAND GROWTH FORECAST UNCHANGED AT 2.25 MILLION BPD - MONTHLY REPORT **OPEC LEAVES 2025 WORLD OIL DEMAND GROWTH FORECAST UNCHANGED AT 1.85 MBPD **OPEC TRIMS ESTIMATE OF Q1 2024 TOTAL OIL DEMAND BY 50,000 BPD TO 103.51 MILLION BPD; INCREASES Q2…
From fxdailyreport.com|Jun 11, 2024Natural gas recently broke through the resistance at the $2.800 mark and reached a high of $2.940 before pulling back. Price seems to have completed its retest and is resuming the ...
From think.ing.com|Jun 11, 2024Oil prices moved higher yesterday as the market continued its post-OPEC+ meeting recovery. ICE Brent settled more than 2.5% higher yesterday, which saw it close well above ...
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From inegi.org.mx|Jun 11, 2024The National Institute of Statistics and Geography (INEGI) presents the results of the Monthly Industrial Activity Indicator (IMAI). This allows us to know and monitor the ...
From bnnbloomberg.ca|Jun 11, 2024The United Arab Emirates is buying more oil from energy-rich neighbors after a refinery upgrade allowed the country to process a wider variety of barrels. Abu Dhabi National Oil ...
From rystadenergy.com|Jun 11, 2024The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipped over long distances, according to ...
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- Posted: Jun 11, 2024 7:51am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 229
