Category: Commodities
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Gas Producers Brace for Q1 Losses as Insufficient Hedges Impact Earnings and Cash Flow
Hedges are unable to offset the price decline, harming gas producers. According to analysts and industry experts, gas producers face a challenging start to the year as declining prices put their first-quarter profitability and cash flows in jeopardy. Hedges, the industry’s equivalent of price insurance, are insufficient to balance the anticipated losses, which is why […]
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Oil Prices Dip as U.S. Government Releases More Crude and Supply Rises
Oil Prices Dip in Early Asian Trade Due to Increased Supply Early on Tuesday, the oil market saw a decline in prices as the U.S. government announced plans to release a significant amount of crude from its Strategic Petroleum Reserve (SPR). This, along with reports of a growing supply in the market, led to a […]
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Green Revolution Takes Off: Treasury Announces $4 Billion in Tax Credits for Clean Energy Projects
U.S. Treasury to Open Applications for Advanced Energy Tax Credits The U.S. Treasury has announced that it will be launching applications for advanced energy manufacturing and decarbonization projects worth $4 billion in tax credits. Out of the total, $1.6 billion is reserved for communities affected by the closure of coal mines or coal-fired power plants. […]
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Despite last week’s gains, crude oil prices are declining ahead of the U.S. CPI.
– On Monday, oil prices declined, giving back some of the large gains made the previous week as focus shifted back to the short-term demand forecast ahead of important U.S. inflation data. Futures were trading 0.7% lower at $79.14 a barrel by 09:15 ET (14:15 GMT), while the contract was down 0.8% to $85.69 a […]
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The cost of the energy crisis in Europe is about 800 billion euros.
BRUXELLES – Researchers stated on Monday that the cost for European nations to protect people and businesses from rising energy expenses has risen to about 800 billion euros and urged nations to be more strategic in their expenditure to address the energy issue. Since September 2021, nations in the European Union have set aside or […]
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Crude Oil Prices Dip as Economic Uncertainties Persist
Prior to important US inflation data, oil prices decline As investors anxiously await important US inflation data scheduled for release later this week, the oil price fell on Monday. Russia has announced a reduction in supplies, but concerns about a recession in the world economy and a sluggish recovery in China persist. Russian Supply Cut […]
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Oil Prices Ease Despite Russian Output Cuts, Focus on Short-term Demand Concerns
Oil Prices Ease after Russian Output Cuts On Monday, oil prices declined after a 2% increase in the previous session as investors disregarded the impact of the cuts in Russia’s crude production. The focus shifted to the short-term demand concerns caused by the refinery maintenance in Asia and the United States. Russia to Cut Crude […]
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Copper prices are impacted by China uncertainty as gold prices decline due to CPI anxiety.
Investing.com— Ahead of important inflation statistics anticipated this week, traders watched gold prices drop to nearly one-month lows on Monday. Meanwhile, copper prices suffered sharp declines due to mounting skepticism over a Chinese economic rebound. Over the past two weeks, a new year’s gain in gold prices has slowed as markets reevaluate their expectations for […]
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Retailers of energy struggle with a PR issue
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Russia Cuts Oil Output, Crude Prices Soar Despite EU Ban and Price Caps
Russia’s Oil Output Cut Contributes to Crude-Oil Price Hike Crude-oil prices experienced a significant rise on Friday, resulting in a weekly gain, following Russia’s announcement of a retaliatory measure against western price limits. Russia plans to decrease its oil output by 500,000 barrels per day in March. Russia Prioritizes Price Over Volume Russia’s move is […]