We discuss the fundamentals and technicals of the natural gas market in this video. A very mild winter with a year end run up in natural gas prices has led to quite the position unwind in this commodity.
A year after the largest methane leak in U.S. history was sealed in Porter Ranch, California, residents are continuing to experience significant adverse health consequences. As SoCalGas - the company responsible for the blowout - uses fabricated gas shortages to justify reopening the Aliso Canyon gas storage facility, which has been shut down indefinitely since the leak occurred, a local doctor is now speaking out.
Stagflationary disaster looms. As prognosticators ohh and aah over the soaring consumer price index (up 2.5% YoY - the most since March 2012), driven by a 14.2% YoY spike in gasoline prices, it appears they missed the fact that real average weekly earnings plunged by 0.6% YoY - the biggest wage collapse since November 2011.
Wall Street is pouring the most money into oil and gas companies in the U.S. since at least 2000, according to Bloomberg. In January alone, drillers and oilfield service companies raised $6.64 billion in 13 different equity offerings. "The mood is absolutely different,"
S&P futures rose further into record territory, European shares rose to within striking distance of their highest levels in more than a year while bonds fell and the dollar rose as investors cheered a surge in Chinese trade data amid hopes of "phenomenal" tax cuts by Donald Trump, all of which have rekindled the Trumpflation trade.
Asian stocks hit their highest level in 18 months, with positive momentum lifting European shares which were helped by Societe Generale earnings. Yields fell on some of the euro zone's battered low-rated bonds as investors put aside the political risks that have dominated markets this week. After trading flat, S&P futures bounced as US traders walked boosted by a spike in the USDJPY.
Despite new sanctions by the Trump Administration and an escalating war of words regarding its ballistic missile program, Iran is continuing to push ahead with plans to maintain oil production at around 3.8 million bpd, the level agreed upon at the November OPEC meeting last year. In order to do so, Iran will need to attract billions in new investment, as its current production is based on aging fields and crumbling infrastructure.
The Netherlands’ electrified railways continue to be powered dominantly by fossil fuel electricity.The 'Harried Dutch commuters' who are 'travelling on one of the most environmentally friendly rail networks in the whole of Europe, if not the world' are being sold a bill of goods.