Billionaire investor and Berkshire Hathaway Vice Chairman Charlie Munger speaks at the Annual Shareholders Meeting of the Daily Journal Corporation. NN: Definitely someone worth listening to.
Tight production capacity for liquefied natural gas could lead to shortages next winter, the head of the International Energy Agency, Fatih Birol, has warned. As gas demand from China begins to recover, competition for LNG supply will increase, creating the risk of shortages, Birol told Reuters on the sidelines of the Munich Security Conference. The …
Continue reading “The IEA Warns Of A Potential Natural Gas Shortage Next Winter…….”
Feb 28 (Reuters) – U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Monday, with product supplied nearing 21 million barrels per day (bpd). Overall fuel demand was up 10% year-on-year in December at 20.8 million bpd, its highest since …
International atomic monitors in Iran last week detected uranium enriched to levels just below that needed for a nuclear weapon, according to two senior diplomats, underscoring the risk that the country’s unrestrained atomic activities could prompt a new crisis. International Atomic Energy Agency is trying to clarify how Iran accumulated uranium enriched to 84% purity …
HOUSTON, Feb 17 (Reuters) – U.S. crude oil exports that have been boosted by a trade flow reshuffle in the aftermath of Russia’s invasion of Ukraine will remain elevated this year as Europe and Asia search for supplies, company officials and analysts said. Western sanctions on Russia’s crude and oil products have opened the door …
Continue reading “Europe is short of Russian oil, and we’ll see more U.S. crude there”
A surge in the number of passengers looking to travel via air is creating a tight jet fuel market that is pushing up costs for airlines and those looking to purchase flights, according to Reuters. Behind the U.S. jet fuel squeeze is a hoard of willing airline passengers who are looking to travel post-pandemic, after …
Continue reading “Tight U.S. Jet Fuel Market……. Wait to see What China is going to do”
International Energy Agency (IEA) Executive Director Fatih Birol told CNBC on Friday, while attending the Munich Security Conference, that the rebound in China’s economy is currently the biggest uncertainty for the oil markets. He explained that although the crude markets are “balanced” at present, producers are focusing on the demand signals that will be coming …
Crude oil prices for future contracts dropped 2% on Friday, with demand concerns weighing on the global markets as investors feared that Federal Reserve could lean towards further monetary tightening following key data releases this week.The Federal Reserve may be able to raise rates again, as the latest reading on retail sales in the United …
Continue reading “Crude drops 2% as fears over Fed’s monetary policy grow”
Two Federal Reserve officials said on Thursday the U.S. central bank likely should have lifted interest rates more than it did early this month, and warned that additional hikes in borrowing costs are essential to lower inflation back to desired levels. The Fed “has come an appreciable way in bringing policy from a very accommodative …
Continue reading “Fed officials say more rate hikes key to reducing inflation”
Cleveland Federal Reserve Bank President Loretta Mester said a recession could still be triggered in the United States by the central bank’s attempt to cool high inflation. Mester said the high-interest rates are already slowing the economy and noted that when growth is already “well below trend” a recession wouldn’t have that much of a …