Day: May 2, 2024

The Next Two Months Will Be Critical For Oil Fundamentals

Energy News Beat Weekly data by EIA reveals crude stockpiles of 7.3 million barrels for the week to April 26, a sharp swing from a draw of 6.4 million barrels posted the previous week. Standard Chartered: the fastest rate of stock draws in the first half of 2024 should happen in May and June. We’re […]

Biden wants 50,000 new climate activists and the consequences will be devastating

Energy News Beat ENB Pub Note: This is a disaster waiting in the wings. The “Climate Corps” would be looking to shut down any business that is not “controled” by AI or the government. Make no mistake, this is a power grab.   With the national debt racing toward a record $35 trillion, President Joe Biden […]

Florida bill awaiting signature would remove mention of ‘climate change’ from many state laws

Energy News Beat Florida lawmakers have approved new legislation that would strike mention of “climate change” from many state laws, focusing them instead on energy security. The final version of the bill, which was awaiting Gov. Ron DeSantis’ signature as of April 30, strengthens mutual-aid guidelines for power providers, helps harden electric and gas networks against […]

Oh Deary, Where Did my Rate Cuts Go? Fed’s Wait-and-See Now Entrenched? And Suddenly Lots of Talk about “Rate Hikes”

Energy News Beat What Powell Said about rate hikes, no rate cuts, rate cuts, and the QT slowdown while getting rid of MBS entirely. By Wolf Richter for WOLF STREET. “Hike” and “rate hike” were mentioned 8 times by reporters and by Powell during the FOMC’s post-meeting press conference today. Those terms weren’t mentioned at all in the […]

Oil Price DROPS Below $80

Energy News Beat Daily Standup Top Stories TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S. May 1, 2024 Mariel Alumit (Bloomberg) – TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being attracted by U.S. investors’ […]