Day: June 25, 2023
Where Are Oil Prices Going? It’s Complicated
Oil and gas drilling in the U.S. shale patch is slowing down. Rig counts have been falling for weeks, and the latest Dallas Fed Energy Survey also showed that activity is weakening. Some say this would lead to supply shrinkage, which would push prices …
Oilfield Service Giants Are Betting Big On ‘New Energy’ Tech
The biggest oilfield services providers are looking to take advantage of the soaring investments in clean energy to generate revenues from the energy transition and prepare for whenever oil demand peaks. Current revenues from new energy businesses fo…
Hawkish Fed Spooks Precious Metal Traders
Via AG Metal Miner The Global Precious Metals MMI (Monthly Metals Index) traded sideways month-on-month. Overall, the index fell 2.75% as numerous components lost upward price momentum. All parts of the index moved sideways or fell slightly, except for…
A New Power Triangle Is Forming In The South Caucasus
In April 2023, the first trilateral political consultation between the deputy foreign ministers of Iran, India and Armenia was held in Yerevan (Shargh Daily, April 21). The three countries focused primarily on “economic issues and regional communicatio…
Tri-nation Gas Swap Agreement Could Transform Europe’s Energy Market
The volume of gas being transited between Turkmenistan, Iran, and Azerbaijan under a groundbreaking three-way swap agreement signed in late 2021 is expected to grow by 70 percent this year according to Majid Chegeni, the head of Iran’s national gas com…
Natural Gas Now Best Picks – June 24, 2023
This week: global corporatism is about to be unleashed, the Irish want to kill cows to save the planet and a big corporatist may regret not choosing natural gas. Continue reading →
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