Gronnigen’s multi-billion hidden treasure is the answer to all of Europe’s looming energy crisis!! Extraction on gas fields has been put on hold by the government due to 2100 recorded earthquakes (tremors) which have severely damaged houses. They were tremors due to subsidence as the gas was taken out of the ground. Its a huge …
Continue reading “Europe’s energy crisis & the Netherlands 1000 Billion buried treasure”
Germany’s annual rate of inflation accelerated again in September, posting the highest reading since December 1951 as temporary government interventions to ease prices expired, according to final data released by German statistics office Destatis on Thursday. The consumer price index–a measure of what consumers pay for goods and services–rose 10.0% in September compared with the …
Continue reading “German Inflation Confirmed at Highest Level in More Than 70 Years”
Bank of England Governor Andrew Bailey’s blunt warning that fund managers have to cut vulnerable positions before the central bank ends debt purchases is sending a shiver around already fragile global bond markets. The strict deadline puts investors worldwide on notice that some of the pension funds managing £1.8 trillion ($2 trillion) in defined-benefit schemes …
Close to two-thirds of France’s refining capacity remains paralyzed by industrial action. Earlier today, the French government threatened to break down the blockades workers have set up at refineries and oil depots to resume the flow of fuels to end consumers. Meanwhile, per a Bloomberg report, Asian refiners bought at least 12 million barrels of …
Continue reading “French Strikes Slash Gasoline and Diesel Fuel Supplies”
Bank of England ‘not going to save the market’: BNY Mellon Strategists doubt plan to restart active gilt sales on Oct. 31 Structures debt instruments from HELL strike again….. will they ever learn? UK bonds slumped after the Bank of England’s moves to increase emergency backstop measures failed to reassure the market, suggesting there’s plenty …
Continue reading “UK Bond Selloff Deepens as BOE Emergency Measures Fail to Support Market”
Oil prices jumped by nearly $10 per barrel last week on the back of a larger-than-expected OPEC+ production cut. As so frequently happens in oil markets, the large jump was followed by a slight pullback in oil prices as traders took profits. While fears of a global economic slowdown are weighing on oil prices, sentiment …
CHICAGO (Reuters) -The U.S. Federal Reserve is clear on the need for restrictive monetary policy to lower inflation, Fed Vice Chair Lael Brainard said on Monday, but the path and pace of rate increases will remain “data-dependent” as the central bank monitors the economy and the evolution of domestic and global risks. In prepared remarks …
Continue reading “Fed’s Brainard says rates to stay restrictive, but attentive to risks”
OPEC+ Ministerial Meeting concluded with the decision to cut production by 2 million bpd in November. Crude prices fell slightly on the announcement. OPEC sources suggested shortly after the meeting concluded that the 2 million bpd would be cut from “current baselines” The full OPEC+ group has agreed to cut production by 2 million bpd, …
OSLO/PARIS/WASHINGTON (Reuters) – A U.S. Navy reconnaissance aircraft flew near the site of the ruptured Nord Stream 2 pipeline in the Baltic Sea hours after the first damage emerged, according to tracking reviewed by Reuters, a flight Washington said was routine. Russia’s Nord Stream 1 and 2 pipelines burst on Sept. 26, draining gas into …
The US is looking at easing sanctions on Venezuela so that Chevron can pump more oil there, per the WSJ. The proposed deal comes after OPEC+ agreed to cut daily oil production by 2 million barrels a day. One analyst told Insider the deal could bring a “substantial” amount of oil to the market. The …
Continue reading “US to relax sanctions on Venezuela, boosting oil production – report”