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The cost of transporting coal to the U.S. electric power sector fell slightly in 2023
We released new data on the U.S. electric power sector’s coal transportation costs. The release incorporates final data for 2023 from Form EIA-923, which we collect from electric power plant owners and operators. The data release based on our Form EIA-923 includes tables with costs, in nominal and real (2023) dollars, across regions, states, and modes of transportation. These transportation rates are calculated as a weighted average of the difference between the commodity cost and total delivered cost of coal shipments to plants in the electric power sector. In addition, the rates are based on the primary transport ... (full story)
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- From bls.gov|Feb 12, 2025|44 comments
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent on a seasonally adjusted basis in January, after rising 0.4 percent in December, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment. The index for shelter rose 0.4 percent in January, accounting for nearly 30 percent of the monthly all items increase. The energy index rose 1.1 percent over the month, as the gasoline index increased 1.8 percent. The index for food also increased in January, rising 0.4 percent as the index for food at home rose 0.5 percent and the index for food away from home increased 0.2 percent. The index for all items less food and energy rose 0.4 percent in January. Indexes that increased over the month include motor vehicle insurance, recreation, used cars and trucks, medical care, communication, and airline fares. The indexes for apparel, personal care, and household furnishinConsumer prices rise 0.5% in January, higher than expected Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the Bureau of Labor Statistics reported Wednesday. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%. Excluding volatile food and energy prices, CPI rose 0.4% on the month, putting the 12-month inflation rate at 3.3%. That compared to respective estimates for 0.3% and 3.1%. Shelter costs continued to be a problem for inflation, rising 0.4% on the month and accounting for about 30% of the entire increase, the BLS said. Markets tumbled following the news, with futures tied to the Dow Jones Industrial Average sliding more than 400 points while bond y post:
?*TRADERS SHIFT NEXT FED RATE CUT TO DECEMBER FROM SEPTEMBER https://t.co/J5utae9rDR
- From zawya.com|Feb 12, 2025
Russia was in full compliance with the OPEC+ deal to restrain oil production in January and plans to do so this month, Deputy Prime Minister Alexander Novak told reporters on ...
- From @financialjuice|Feb 12, 2025
post: OPEC LEAVES 2026 GLOBAL OIL DEMAND GROWTH FORECAST UNCHANGED AT 1.43 MILLION BPD. post: OPEC LEAVES 2025 GLOBAL OIL DEMAND GROWTH FORECAST UNCHANGED AT 1.45 MILLION BPD - MONTHLY REPORT post: OPEC LEAVES 2025 ECONOMIC GROWTH FORECAST UNCHANGED, POTENTIAL TARIFFS NOT EXPECTED TO MATERIALLY IMPACT UNDERLYING GROWTH ASSUMPTIONS.OPEC: 2025 oil demand growth forecast stable The Organization of the Petroleum Exporting Countries (OPEC) said in its monthly report on Wednesday that worldwide oil demand is expected to grow by 1.4 million barrels per day (bpd), broadly unchanged from its previous estimate. Total world oil demand is expected to stand at 105.1 million bpd in 2025, slightly lower than in the January report. OPEC still expects that transportation fuels will drive demand growth, followed by the industrial, construction and agricultural sectors in non-OECD countries. Global oil demand growth for 2026 is projected at 1.4 million bpd, the same as last month, with the total world oil demand at 106.6 million bpd. Asia is seen as the biggest contributor to the rise in demand next year, led by India and China.
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- From rigzone.com|Feb 12, 2025
In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 7.2 ...
- From youtube.com/wsjnews|Feb 12, 2025|1 comment
Watch live coverage as Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee, where he is expected to face questions on the outlook for ...
- From bnnbloomberg.ca|Feb 12, 2025|7 comments
U.S. President Donald Trump called for lower interest rates, seeking to raise pressure on the U.S. Federal Reserve as he moves to implement a second-term economic agenda high on ...
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- Posted: Feb 12, 2025 9:08am
- Submitted by:Category: Educational NewsComments: 0 / Views: 124