Experts predict that illnesses like RSV and the flu, which are both at very low levels now, will settle back into their seasonal patterns this year. Covid-19 cases could have a winter surge, but many experts don’t expect it to reach the heights of recent years unless the coronavirus throws us a wild card in …
Wood Mackenzie: the oil industry still isn’t spending enough for supply to meet demand. WoodMac: investments in new production total $490 billion in 2023. Despite the prospect of peak demand,Wood Mac analysts are worried about the lack of a spare production capacity cushion. After years of warnings of failure to invest in enough new exploration, …
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Prospects of reviving the Iran nuclear deal have swung dramatically, from near certain in March 2022 to almost nil by the end of the year and somewhere in the middle currently. Although prospects of a deal being signed any time soon appear dim, relations between Washington and Tehran have warmed up considerably, with the …
US officials acknowledge lighter touch in enforcing sanctions Iranian oil exports to China reach highest in a decade: Kpler Bloomberg: While Iran and the US make wary diplomatic overtures, a return to their lapsed nuclear agreement remains a distant prospect. But for world oil markets, a pact is already taking effect. Months of secretive diplomacy …
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United States Federal Reserve Bank of Cleveland President Loretta Mester stated on Friday that the main debate at the central bank at the moment is whether its restrictive policy is restrictive enough to get inflation to its target of 2%. Speaking to CNBC during the Jackson Hole Economic Symposium, Mester noted that the Fed’s forecast …
Oil prices jumped more than 1% on Friday after the latest report on US oil inventories, which showed they dropped by 6.1 million barrels in the week ending August 18. Crude output is also jeopardized by voluntary cuts by some OPEC member states. Additionally, markets are awaiting Federal Reserve Chair Jerome Powell’s remarks on further …
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Aug 25 (Reuters) – Saudi Arabia is considering a Chinese bid to build it a nuclear power plant, the Wall Street Journal reported on Friday, a decision that could derail U.S. plans in the kingdom. China National Nuclear Corp, a state-owned company known as CNNC, has bid to build a nuclear plant in Saudi Arabia’s …
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The federal government has reduced the area to be offered in the next Gulf of Mexico oil and gas lease sale by 9% to safeguard the habitat of a rare whale species. The adjustment, which will see the Interior Department auction 67 million acres instead of 73.4 million acres, followed a legal settlement with environmentalists …
Cole Smead: China’s underwhelming economic performance is as bad as it gets right now. Smead: The crucial factor for oil is the ongoing supply cuts. Smead: Crude oil prices could be on track to hit $100 and even $120 per barrel. Crude oil prices could be on track to hit $100 and even $120 per …
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Saudi Arabia is likely to extend its voluntary 1 million-barrel oil supply cut for the third consecutive month into October amid uncertainty about supply, five Wall Street analysts have predicted. The initial cuts appear to have worked, with oil prices climbing about 15% in the past month to about $86 a barrel. However, the gradual rise …
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