President Biden recently boasted on Twitter that gasoline prices in the United States have been falling for 50 days straight, noting this was the fastest decline in a decade. The president added a sort of infographic to his tweet informing us that 50 percent of gas stations sold gasoline for $3.99 or less a gallon. … Read more
President Biden recently boasted on Twitter that gasoline prices in the United States have been falling for 50 days straight, noting this was the fastest decline in a decade. The president added a sort of infographic to his tweet informing us that 50 percent of gas stations sold gasoline for $3.99 or less a gallon. … Read more
Oil prices are back around the levels they were at before Russia invaded Ukraine, highlighting that a global recession and demand destruction are now the central focus of traders. Oilprice Alert: This month’s Intelligent Investor column, now available for Global Energy Alert members, compares two of the most promising Canadian oil stocks on the market. … Read more
China, which last year became the world’s top importer of liquefied natural gas, has been importing a lot less of it this year. Imports were down by as much as 20 percent amid skyrocketing prices in the first half of the year and buyers are still holding back on more shipments. But this could change … Read more
Hershey Co. said on Thursday it would fall short of meeting demand for the all-important Halloween and Christmas holiday seasons this year, blaming a scarcity of raw ingredients and difficulties in securing suppliers. Pandemic-induced global supply chain disruptions and the Russia-Ukraine war have crunched supplies of cocoa, edible oil and other food ingredients, pinching production … Read more
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow RBC Capital Markets REIT analyst Pammi Bir reduced estimates for his coverage universe, “In this Q2 2022 preview, we took the opportunity to update our earnings and NAV forecasts to reflect a higher interest rate environment and slower anticipated economic … Read more
Over the past few years, dozens of US midstream companies have set their sights on natural gas pipelines and export terminals as the US natural gas and LNG explode markets while crude oil pipeline capacity continues to exceed production. Natural gas projects are expected to be the fastest growing pipeline sector as production rises and … Read more
Slowing global oil demand growth next year, spiking food prices, and fears of recession in major oil-importing countries are set to slow economic growth in the Middle East, whose major oil producers are enjoying this year a windfall of oil revenues and the highest growth in years. Economies in the Arab Gulf states that are … Read more
Shoppers at the Toronto Eaton Center on July 18.Fred Lum/The Globe and Mail In analyzing the causes of high inflation in Canada, many experts point to interest rates that were too low for too long, along with surging commodity prices. But Canadians may want to consider another culprit: their neighbors to the south. In a … Read more
Uncertainty is dominating the oil market this week, with recession fears being countered by physical tightness and growing supply risks. Oilprice Alert: This month’s Intelligent Investor column, now available for Global Energy Alert members, outlines the bullish case for oil, gas, and coal. If you’re an investor in the energy space then now is the … Read more
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