China’s Mounting Risks Set Stage for PBOC to Rein In Stimulus
Bloomberg News China may be ready to curb some of the excess liquidity sloshing in the banking system as it turns its focus to mitigating risks in the financial industry. Continue Reading
U.S. consumer prices unchanged in July as cost of gasoline tumbles
U.S. consumer prices were unchanged in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for weary Americans who have watched Continue Reading
United Airlines Puts Down Deposit on Flying Taxis
United Airlines Holdings Inc. UAL 2.35%▲ has paid a $10 million deposit for 100 electric flying taxis, a sign that the airline is growing more confident in the nascent technology. Continue Reading
The Inflation Reduction Act Is A Game-Changer For Decarbonization
The Inflation Reduction Act (IRA) includes more than $170 billion of tax credits for the electric industry, designed to encourage the shift from carbon-intensive fuels. An analysis carried out in Continue Reading
U.S. Refiners See Demand Holding Strong Through Year-End
American refiners and oil and gas operators expect strong demand for fuels and energy through the remainder of the year, despite analyst concerns in recent weeks that demand could take Continue Reading
Freeport LNG Retracts Force Majeure, Leaving Buyers On The Hook For $8 Billion
The largest gas exporter in the United States, Freeport LNG, has retracted its force majeure, according to anonymous sources who shared the information with Reuters, leaving traders to source product Continue Reading
Oil Inches Higher After EIA Reports Large Crude Inventory Build
Crude oil prices inched down before the EIA reported its crude inventory report today, but saw a small jump after the release, when the agency reported that crude oil inventories Continue Reading
US natural gas prices could ease in 2023, potentially lowering northeast power prices: EIA
Mid-Atlantic power prices highest in years Mostly driven by higher fuel prices US Energy Information Administration analysts discussed the relationship between fuel costs and power prices, and how recent US Continue Reading
Falling Gasoline Prices Keep Inflation In Check
The U.S. Consumer Price Index (CPI) saw no real change in July, suggesting that inflation is easing as a result of falling gasoline prices, according to the latest data from Continue Reading
US gasoline demand rises while commercial crude stocks spike: EIA
Implied gasoline demand jumps 6.8% to 9.12 million b/d Commercial crude stocks spike by 5.5 million barrels Gasoline stocks plunge by 5 million barrels US gasoline demand rose for the Continue Reading