Russia, Saudi Arabia Counsel Caution; Point OPEC+ to Maintaining Production Limits
By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – The oil market might have bounced back and stabilized following the tumult of Spring 2020, when the onset of the COVID-19 pandemic put the global economy in a coma and crushed energy demand, but that doesn’t mean major oil producing countries should rush to […]
CAUTIOUS OPTIMISM SPURS OPEC-PLUS AGREEMENT OVER ‘GRADUAL’ 2021 SUPPLY INCREASE
By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Next year will be an uncertain year for the oil market, but promises of a global economic rebound – fueled by the COVID-19 vaccine – persuaded the OPEC-plus group of major oil producing countries Thursday to ease oil production limits starting in January. There […]
STATUS CHECK COMMENTARY – COMING UP, CATHARSIS, HEALING?
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Saturday makes it three days. Three days until catharsis, healing and finally a truce in the culture wars. You could see it on Fox News, where Sean Hannity was mellowing, praising candidate […]
STATUS CHECK ANALYSIS – WHERE THE BUFFALO ROAM – WITH NO MASKS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · How many “gotchas” to go? Mockery and sarcasm, let’s go before time runs out. And above all, let’s not be too introspective and examine some of the fundamental assumptions American society has […]
OPEC SEES PARTIAL OIL DEMAND RECOVERY IN 2021, EXPECTS MEMBERS TO GROW MKT SHARE
–US Shale Sector To Recover Quickly As Market Conditions Improve –Sees Longer-Term Decline In OECD Oil Demand, Increased Consumption In Non-OECD Region By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Influential oil group OPEC Thursday predicted a partial rebound in oil demand next year, although the coronavirus outbreak remains a major X-factor, […]
ECB’S SCHNABEL CALLS FOR A EURO CARBON TAX
— Chastises investors for under-pricing the risk of climate changeBy Laurie Laird LONDON (MaceNews) – A top European central banker Monday rebuked investors for under-pricing the risk of climate change and called for a global carbon price to challenge the ecological and financial harm presented by global warming. “A global climate price is the most […]
US ENERGY SECRETARY: MUST ADDRESS ENERGY INDUSTRY’S ‘INFRASTRUCTURE PROBLEM’
By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Cost-effective and efficient energy delivery is essential to growing the United States’ clout in the global energy markets, as well as reducing costs for domestic consumers, the Trump administration’s top energy official said Thursday. “It’s been a difficult time for the (energy) industry,” Energy […]
DATA FLASH: US INITIAL CLAIMS DIP AS FUTURE STILL UNDER DEBATE
–Initial Claims -228,000 to 963,000; First Reading Below 1 Million Under COVID–July Import Prices Rose 0.7%, But Only 0.2% Ex. Fuels By Kevin Kastner WASHINGTON (MaceNews) – As Congress and the White House continue to spar – or currently refuse to spar – on the future of the enhanced jobless claims program, initial claims fell by […]
STATUS CHECK: NO HAPPY TALK FROM POWELL; VIRUS STATS GRIM
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The VIX mood ring turned a more mellow shade Wednesday, improving a notable 5.27% to settle at 24.10 by day’s end. U.S stocks finished the day’s session +0.61% or 160.29 points, and in […]
BANK OF CANADA: BUSINESS, CONSUMER SENTIMENT PLUNGE ON COVID, OIL PRICE FALL
NEW YORK (MaceNews) – Canadian business and consumer sentiment dropped in response to the Covid-19 pandemic and the drop oil prices, the Bank of Canada reported Monday. The bank’s quarterly survey of businesses, conducted from mid-May to early-June, as government restrictions were starting to ease, found businesses in all regions and sectors “reported that weak […]