Podcasts about nopec

Could the United States, the world's top energy producer, ever join forces with OPEC? This episode unpacks the controversial, hypothetical scenario where the US aligns with oil-producing nations to manage global markets. We explore the potential "win-win" strategy: securing cheap energy domestically to fight inflation and boost industry, while maximizing profits from controlled exports at higher global prices. Discover the immense geopolitical implications, the potential for a similar US-Qatar LNG axis, and the monumental legal and political hurdles (like antitrust laws and NOPEC) that make this radical idea seem almost impossible... yet perhaps increasingly thinkable in a shifting global landscape focused on energy security.

Send us a textAre you curious about making smarter, greener choices for your electricity supply? In this episode, we speak with Jennifer McMillin with the Sustainable Ohio Public Energy Council (SOPEC).  Jenn is SOPEC's Regional Director for Northeast Ohio and provides tips and insights for choosing a 100% renewable energy supplier for your electricity needs. SOPEC is a leader in community choice aggregation in Ohio, providing competitive rates and substantial savings to residents in member communities, including the City of Cleveland.  In Ohio, we are fortunate to be one of 29 states that allow consumers to choose their electricity supplier. With that power to choose, we can also choose the source of our power including renewable power from wind, solar, biomass, hydro, and geothermal. Green energy suppliers such as SOPEC use Renewable Energy Credits (RECs) to document, authenticate, and track that energy flowing into the power grid comes from a clean, renewable power source. Consumers can then select one of these renewable energy suppliers either on their own or participating in their community's contract with an aggregator like SOPEC or NOPEC. Join us as we break it all down for you so you can make and informed, sustainable energy choices. Investments in renewable energy projects are paying off but we have far to go to further green our grid. Choosing a renewable power supplier through our consumer choice is one way we can all show our support. Guest: Jennifer McMillin, Regional Director for Northeast Ohio with the Sustainable Ohio Public Energy Council (SOPEC)Resources: About SOPEC CIty of Cleveland Community Choice Aggregation Program SOPEC Job Openings Green-e® Certified renewable energySOPEC Solar Assessment ProgramsPUCO Apples to ApplesEPA Green Power CommunitiesFollow us: https://www.facebook.com/ecospeaksclehttps://www.instagram.com/ecospeakscleContact us:hello@ecospeakscle.com

EU ETS, and Energy AlternativesWelcome back to another episode of Freight Up, the podcast where we deep-dive into the latest trends in the shipping and commodities markets. EU ETS explained As shipping companies face new regulations we've got a freight container-full of insights awaiting us.The EU ETS conundrum is upon us and our experts Luke and Hugh will unwrap the layers of complexity in managing these emissions, the role of traders in a green future, and the strategies for dealing with EU allowances.Also, here's the link to the site they mention!Panamax ratesIn this episode, as markets navigate through choppy waters, we'll explore the strong currents in the Panamax rates driven by an insatiable mineral demand and the emergence of Indonesian coal cargoes that's pushing volumes to new heights in Asia. We're also seeing significant fixtures across the transatlantic with a special eye on mineral cargoes.Talking trade trends, we'll dissect the flurry of activity in the Dry FFA market, especially within Cape, Panamax, and Supermax contracts. Coking coal chaosThen, there's China where coking coal futures are surging—an aftershock of governmental inspects and unfortunate mining mishaps. Despite this, the outlook on Fob Australia Coking coal suggests that the supply may remain tight, with miners jostling for their slice of the pie. LNG's futureOur guest, Dr Jonathan Gaylor, who has 10 years' experience in alternative fuels, currently serving as the Alternative Fuels Manager for Navig8, a prominent shipping and trading company that includes Integr8, will share his expert take on LNG's bullish future. We'll uncover why LNG dual fuel vessels may hold the competitive edge and discuss why gas price volatility could be a silver lining for traders. With the winter season ahead, LNG prices could spell out future trends. Timestamps00:00 SGMF and majors improve bunkering; price challenges remain.07:26 Viable shipping sectors for Prabs, considering market changes.09:57 Ship owners face challenges in managing risk.12:45 Winter will showcase LNG market's future direction.17:05 Two likely scenarios regarding ship management contracts.20:41 Malta, Netherlands, Spain, Sweden, and Cyprus requirements.25:06 Warehousing EUAs for clients offers advantages.28:21 Uncertainty over oil production cuts extension speculation.29:05 Oil prices fell sharply but recovered quickly.33:14 Refinery maintenance caused high fuel prices.37:59 Cape Market saw surge in rates, trading.39:14 Iron ore freight rates surged due to strong demand and active trading in China.43:36 Record future volumes in Dry FFAs market.47:14 Limited impact on Fob and coal markets.Remember to review and follow us on whichever app you enjoy listening to us in!

This week on the podcast Peter and Jackie catch up on Peter's trip to Europe.  First, they talk about the political changes, both in Europe and closer to home with new Premiers in both British Columbia and Alberta. Next, they switch to the topic of energy conservation in Europe.  Did Peter see any signs that people are saving energy?  Is energy affordability and conservation a focus of the conversation? Finally, they talk about the oil markets.  Prices have softened since reaching over $120/B in June and, as a result, OPEC+ announced they would cut their production in early October.  President Joe Biden warned there would be consequences due to the production cut. Jackie and Peter discuss the potential actions that the United States could take.  Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/   

Ukrayna Savaşı”nın gölgesinde “jeo-ekonomik bir savaş” da yürütülüyor. “Gölgedeki savaş” göründüğü kadarıyla Avrupa'nın enerji tedarikinde Rusya'nın ana oyuncu rolüne son vermeyi içeriyor. Geçtiğimiz ay Rusya'nın Baltık Denizi'nden Almanya'ya ulaşan iki ayrı doğalgaz boru hattına sabotaj gerçekleştirildi. “Bu hatları kim patlattı” tartışması sürerken Rusya'dan Almanya'ya giden “Druzhba Petrol Boru Hattı”nın Polonya'da sızıntı yaptığı ortaya çıktı. Polonya'dan gelen açıklamalara göre sızıntıda sabotaj izine rastlanmamış. Gaz hatlarının patlatılmasından sonra Polonya'daki sızıntının ‘tesadüf' olduğuna kimse inanmak istemiyor. Askerî güç, ekonomik güçten gelir. Enerji kaynakları Rusya'nın en önemli stratejik ve ekonomik gücünü teşkil ediyor. Amerikalı analizcilere göre Avrupa'ya enerji tedarikinin kesintiye uğratılması Rusya'nın ekonomik ve askerî gücünü sekteye uğratacak. Bu bağlamda hedef, savaşın malî kaynaklarıdır. Askerî stratejistler malî kaynakları daraltılmış bir Rusya'nın, uzaması kuvvetle muhtemel görülen Ukrayna Savaşı'ndan büyük yara alacağını belirtiyorlar. Son derece kritik bir süreçte “Petrol Üreten Ülkeler Örgütü(OPEC) ve kuruluş dışı ortakları Kasım ayından itibaren petrol üretiminde günde 2 milyon varil kesintiye gitme kararı aldılar. Bu kararın Avrupa için riskleri daha da derinleştireceğine dikkat çekiliyor. ABD'yse kısma kararından Suudi Arabistan'ı suçluyor. Hatırlayacak olur isek, Biden döneminde Washington ve Riyad ilişkileri son derece soğumuştu. Amerikan müesses nizamının seçkinleriyse Biden'ın Riyad ile ilişkileri bir an önce iyileştirmesi çağrısında bulunmuştular. Bu çağrılar Riyad'ın Çin ve Rusya'nın yörüngesine girmesinin engellenmesiyle ilgiliydi. Nitekim Biden Riyad'a giderek, aleyhinde bir torba dolusu laf ettiği Veliaht Prens Muhammed Bin Selman ile yüz yüze geldi. Biden'in ziyareti ABD –Suudi ilişkilerinde yeni bir sayfanın açıldığı kanaati uyandırmıştı. Şimdiyse OPEC kararıyla bu sayfanın kapanmak üzere olduğuna ilişkin yorumlar yapılıyor. Hatta Washington ve Riyad arasındaki ilişkilerde kalıcı kırılmalar yaşanacağı belirtiliyor. ABD Kongresi'nden ve Biden Yönetimi'nden gelen açıklamalar da bu yönde. Temsilciler Meclisi ve Senato'da ABD'nin Suudi Arabistan'daki askerî varlığına son vermesine, plânlanmış silah satışlarının durdurulmasına ilişkin tasarılar hız kazandı. Tasarıların iki mecliste iki partili destek topladığını belirtmeliyiz. Diğer yandan OPEC'in “anti-tröst yasaları” kapsamında ele alınmasına yönelik girişimler de söz konusu. “Petrol Üreten ve İhraç Eden Karteller Yasası” veya kısaca “NOPEC” olarak bilinen bir yasa tasarısı Mayıs ayı başlarında Senato Yargı Komitesi'nden geçmişti. Şimdi bu tasarı, yasalaşması için yeniden gündeme getiriliyor. Amerikalılara göre “OPEC kararı” Rusya'nın elini güçlendiriyor. Gaz arzının daralmasının enerji fiyatlarını yukarıya doğru hareketlendirmesinden en fazla Rusya kârlı çıkacak. Riyad ise kararın piyasa şartlarının gereği olarak alındığını, Rusya ile ilgisinin bulunmadığını savunuyor.

Senator Chuck Grassley of Iowa (grassleyworks.com) joins Liberty & Justice host Matt Whitaker to talk about Iowa, Election 2022, the DOJ, the FBI, Hunter Biden, NOPEC, Big Tech and so many other issues.  Watch every episode of Liberty & Justice at http://www.whitaker.tv.Chuck Grassley lives on a family farm in New Hartford, Iowa, a short distance from the farmhouse where he was born in Butler County. He's Iowa's longest-serving Senator, and he remains firmly rooted in the state, bringing Midwestern common sense to the nation's capital. When the Senate's not in session, you'll find Chuck Grassley home in Iowa, meeting with Iowans, or cheering for Iowa sports teams, especially for he and Barbara's alma mater University of Northern Iowa. Senator Grassley earned a bachelor's and master's degree in political science from the University of Northern Iowa and pursued Ph.D. work at the University of Iowa.Senator Grassley keeps in touch with Iowans to make representation work. Listening to their ideas and concerns helps him make government work for Iowans, not the other way around. When he was elected to the Senate, he decided he would visit each of Iowa's 99 counties every year to give Iowans an opportunity to tell him what's on their mind. He's done it every year since. In January, he kicked off his 42nd consecutive year holding 99 county meetings. Chuck Grassley sets the standard for accessibility and accountability in government. Senator Grassley listens, and then he goes to work.Senator Grassley is the most senior Republican in the U.S. Senate, and serves on influential committees that give Iowans a key voice at the policymaking tables. He's the top Republican on the Senate Judiciary Committee, former chairman of the Finance Committee, and serves on the Agriculture and Budget Committees where he leverages these important assignments to fight for Iowans on issues like immigration, health care, trade, taxes, agriculture, biofuels, protecting our constitutional rights, and many others.Chuck Grassley will celebrate 68 years of marriage in August with the love of his life, Barbara Grassley, who was born in Sumner, Iowa. Together they raised five children: Lee, Wendy, Robin, Michele, and Jay and enjoy family celebrations on the farm.Matthew G. Whitaker was acting Attorney General of the United States (2018-2019).  Prior to becoming acting Attorney General, Mr. Whitaker served as Chief of Staff to the Attorney General. He was appointed as the U.S. Attorney for the Southern District of Iowa by President George W. Bush, serving from 2004-2009. Whitaker was the managing partner of Des Moines-based law firm, Whitaker Hagenow & Gustoff LLP from 2009 until rejoining DOJ in 2017. He was also the Executive Director for FACT, The Foundation for Accountability & Civic Trust, an ethics and accountability watchdog, between 2014 and 2017.   Mr. Whitaker is the Author of the book--Above the Law, The Inside Story of How the Justice Department Tried to Subvert President Trump.  Buy Matt's book here: https://amzn.to/3IXUOb8Mr. Whitaker graduated with a Master of Business Administration, Juris Doctor, and Bachelor of Arts from the University of Iowa.  While at Iowa, Mr. Whitaker was a three-year letterman on the football team where he received the prestigious Big Ten Medal of Honor.Mr. Whitaker is now a Co-Chair of the Center for Law and Justice at America First Policy Institute and a Senior Fellow at the American Conservative Union Foundation. Matt is on the Board of Directors for America First Legal Foundation and is a Senior Advisor to IronGate Capital Advisors. He is also Of Counsel with the Graves Garrett law firm.  Whitaker regularly discusses legal and political issues on Fox News, Newsmax and other news outlets.  He splits his time between I

Matt Kaye reports from Washington on oil and gas prices heading back up and the NOPEC rider proposed after OPEC cuts oil output. Illinois Director of Ag Jerry Costello on the IDOA & Conservation partnership projects announced this fall. NASS numbers and Chip Nelliger, Blue Reef Agri-Marketing. High heating bills expected this winter, according to EIA

On this Wednesday's episode of Morning Briefing, we ask the question, what is His everlasting covenant? And how does it affect us? As we go through scripture to see what the Lord says about His covenant promise. We then shift to the troubling news out of Israel in the deal being made with Lebanon. We see Republicans once again being baited into pushing a policy that will hurt Americans in a time of economic downturn. Finally, closing with the reality that all these advertisements being used by Dem's to push for abortion is a losing strategy. Join us as we break down the news of the day to stay focused on our prayer points. #checkouremotionsatthedoor #wehavesoulstosave   Verse of the Day: Psalm 89   Intercession Points for 10/12: God made a covenant that David and his seed would sit on the through and reign forever and ever. As heirs of Chris, we share in this covenant promise.  Repent for the Biden Admin's involvement in the deal for Israel to give up drilling rights in the Lebanon-Israel gas deal negotiations. Pray for the peace of Jerusalem.  If you have any dreams for the President, please email us at pip@christiancentershreveport.com.   Links:  Government supports maritime agreement between Israel and Lebanon What is in the Israel-Lebanon maritime border agreement? Bennett refuses Shaked's request to use veto power over Lebanon deal Biden congratulates Lapid on maritime border deal Statement by President Joe Biden on Breakthrough Diplomacy in the Middle East Congress eyeing ‘NOPEC' bill to take on Saudi Arabia Why Saudi Arabia defied the US over OPEC oil supply cut The Best Way to Respond to Saudi Arabia's Embrace of Putin America's energy chaos is Biden's fault. As we pay at the pump, will Democrats pay in midterms? Democrats face a green energy fiasco ‘I Have Great Confidence in My Son': Biden Defends Hunter on Possible Criminal Charges Biden addresses possible criminal charges against Hunter Biden and says he's ‘proud' of son's fight against drug addiction Biden Goes After Gig Workers The ‘Ragin' Cajun' Warns Dems: Abortion Ain't A Winning Issue Barnes bets on abortion to boost flagging polls    

A brief look at financial markets with Bokor in the Morning brought to you by the Ocean Wealth team at PI Financial Corp a member of CIPF.

Featured Speaker: Rachel Ziemba, Dr. Carole Nakhleh, Dr. Jim Krane, and Dr. Jean-François Seznec. Synopsis: Halfway through 2022, global oil prices remain at historic levels. On May 31, barrels of Brent crude traded at $115—a remarkable spike from $79 per barrel just six months ago. The crisis sparked by this meteoric price increase has been long in the making. In 2021, the price of oil  rebounded as the global economy recovered from the COVID-19 pandemic. Then, on February 24, 2022, Russia invaded Ukraine, ratcheting prices further upward. The tumult caused by rising oil prices has reached the United States, where gasoline prices have soared above $4 a gallon, setting records. Higher prices at the pump will have knock-on effects that go beyond limiting summer road trips, however, and will almost certainly slow economic growth and contribute to even greater domestic inflation. Though the largest single producer of oil, the United States must rely on other states and producers to reduce global oil prices. To this end, no grouping is as consequential as OPEC. From its inception in 1960, OPEC has maintained a tenuous relationship with the United States as both tried to influence or balance oil prices. Today, OPEC's perceived inaction in the face of skyrocketing oil prices once again threatens to poison the United States' relationship with Saudi Arabia, the de facto leader of OPEC and a state with whom relations have been strained under President Biden's administration. In 2015, OPEC formed an alliance with Russia and other non-OPEC oil producers, known as OPEC+, to control global oil prices through close coordination of production levels and quotas between Moscow and Riyadh. Increasingly frustrated by the status quo, Congress appears poised to intervene in this burgeoning dispute through the No Oil Producing and Exporting Cartels, or NOPEC Act. Originally introduced 19 years ago, the bill has resurfaced this year as the U.S. government seeks to weaken the price-setting powers of OPEC. NOPEC would allow U.S. federal courts to prosecute OPEC member states for coordinating on global oil prices, undermining the purpose and viability of the Organization itself. What is the current status of the OPEC+ grouping, and will it survive a possible boycott of Russian oil or mounting U.S. pressure on Riyadh? How long can OPEC+ keep prices above $100 per barrel? Will Biden's visit to Riyadh encourage the Saudis to pump more oil, or is their commitment to OPEC+ and their desire for higher oil prices more important than improved relations with Washington? What is the feasibility of NOPEC, and what would the likely consequences be of the legislation's passage?

Mark Spaetzel, Avon Lake City Council Representative and Chair of the Building & Utilities Committee, and Dave Jankowski, Chief Marketing & Communications Officer of Northeast Ohio Public Energy Council (NOPEC), talk about recent cost increases in electricity. Upcoming events happening in Avon Lake: Monday, September 5: City Buildings Closed - No Trash Pick-Up (Pick-up delayed 1 day rest of the week)- No City Council Meeting Tuesday, September 6, 7:00 PM: Rescheduled Collective Committee Meeting Wednesday, September 7, 9:00 AM: Boo by the Woods Resident Wristband Sales Begin Wednesday, September 7, 7:00 PM: Kiwanis Club Meeting at the Avon Lake Public Library Friday, September 9, 7:00 PM: Avon Lake vs. Avon SOUPer Bowl Food Drive at Avon Lake Memorial Stadium Saturday, September 10, 10:00 AM: Fall Fishing Derby at Walker Road Park Saturday, September 10, 11:00 AM: Love-A-Stray Big Splash Dog Swim at the Ellen Trivanovich Aquatic Center Thursday, September 15, 11:00 AM: Vision Concerns Support Group meeting at The Old Firehouse Community Center Friday, September 16, 4:30 PM: Deadline to register for the Engineering Technical Aide 1 Civil Service Examination For more information about these and future events/meetings, please visit www.AvonLake.org/Events

Thursday, August 25, 2022: We have answers to follow-up questions from parents and students about how President Joe Biden's student loan debt forgiveness plan works, what NOPEC is doing for customers who are being charged a higher rate for electricity, what to expect with new construction along the main roadway to Cedar Point, when Bernie Kosar, Katie Nageotte, Carol Russo and Tom Hamilton will be inducted into the Greater Cleveland Sports Hall of Fame as the Class of 2022, and more on 3News Now with Stephanie Haney. Connect with Stephanie Haney here: http://twitter.com/_StephanieHaney http://instagram.com/_StephanieHaney http://facebook.com/thestephaniehaney Read more here: How is Biden able to forgive student loans? https://www.wkyc.com/article/news/nation-world/biden-forgive-student-loans/507-2711c383-1f78-4a43-8939-33a4f6687c2b Nearly 550,000 customers in Ohio are about to receive savings on their electric bill: Here's what you need to know https://www.wkyc.com/article/news/local/northeast-ohio/nopec-customers-ohioreceive-savings-electric-bill/95-6e9ccb25-6244-41e8-8918-fa61a050f19f US Transportation Secretary Pete Buttigieg visits Sandusky to highlight construction plans to improve US 6 near Cedar Point https://www.wkyc.com/article/traffic/us-6-corridor-construction-cedar-point-rye-beach-road-federal-grant-pete-buttigieg/95-e1c40a09-591f-4fb6-9bbd-c905243dc5cd Bernie Kosar, Katie Nageotte, Carol Russo and Tom Hamilton selected for Greater Cleveland Sports Hall of Fame Class of 2022 https://www.wkyc.com/article/sports/2022-greater-cleveland-sports-hall-of-fame/95-5439145c-3898-4236-964f-9280ca29324c National Dog Day 2022: How to send us your pictures https://www.wkyc.com/article/life/pets/national-dog-day-2022-photo-submissions/95-31cdf338-6506-44cf-a245-86d0e4915a12

Oil giant Aramco reports record first quarter as oil prices soarhttps://www.cnbc.com/2022/05/15/aramco-worlds-largest-company-reports-record-first-quarter-as-oil-prices-soar.html- Aramco not doing share buybacks like other oil companies. Awarding 1 share for every 10- increasing capacity to 13 million bpd by 2026/2027 but will they ever produce that much?- the longer Saudi Arabia fails to produce up to its OPEC quota the more people will believe they can't. Damaging narrative could push oil prices up more.Domestic flight bookings fell by 17% in April as air fares continued to risehttps://www.businessinsider.com/domestic-flight-bookings-fell-17-in-april-as-fares-continue-to-rise-2022-5- can't go anywhere for less than $700?!- will this crimp the economy and demand?Can China preserve both its economy and its zero-tolerance COVID-19 policy?https://www.latimes.com/world-nation/story/2022-05-06/can-china-preserve-both-its-economy-and-its-zero-tolerance-covid-19-policy- Will China just never open up again?- Will it keep its people inside China?- Impact on Belt Road initiative. Tourism to places. What does it mean to US companies with offices in China?- How much of global oil demand is based on global travel between China and rest of world?Dr. Dean Foreman and API - highest quarter of US petroleum demand in history. but US economy contracted in Q1.- Tale of 1st 2 months and last 2 months. January and February were very high. Pulled back in March and April data shows big drop. 19.3 million bpd demand.- Biggest change is in intermediate products in petrochemicals. Consumer goods are slowing down. - Motor fuels and price repression: seeing some of that. gasoline demand has leveled off even though seasonally it should be going up. Distillate demands going down. Over $6/gallon for diesel in some states is causing fuel substitution.- Supply side: would suspect that given drilling activity increases should see more oil and did see that - increase of 100,000-200,000 bpd but NLGs went DOWN.- Demand outpacing supply, which didn't increase on whole.- Fewer DUCs, rig activity not increasing. Oil services costs are escalating.- All of this means need even more drilling activity to get back to 2019 production levels. Demand is back at 2019 levels.- Started year as net importer. But with Russia/Ukraine now having record pull for US exports. Crisis period with global refiners pulling oil and product out of US, adding to price pressure. Normally being an exporter is a good story, but when you are short on product that's bad for prices.- Trade is working great on West coast, but East coast not doing well because they generally trade products with Europe, and that's under pressure in Europe.- Historically has been very resilient system but unprecedented times and discontinuities and uncertainties about how much Russian crude is lost from market. - Likely we are seeing demand destruction. Summer driving season increase will be muted. But with airline prices up, people may drive more (fuel substitution).- lowest commercial crude oil inventories since 2014. normally through April 2022, year to date, you would be building up inventories as refiners draw on inventories to spool up for summer driving season. Average build over decade (excluding 2is 020) 40 million barrels. This year 1.8 million barrels. - SPR. DoE wants to replenish SPR soon. Signaling to market that starting in fall would like to replenish. Expect supply response. - EIA thinks less than 1 million bpd lost. But IEA saying as much as 3 million bpd lost by May.- Price reaction to uncertainty over how much Russian oil is lost to market.- If we release 180 million barrels from SPR over next several months will have lowest inventories since 1983.- Political reactions to high prices: NOPEC legislation (lift anti-trust legislation) Price controls (unlikely to get much political support), proposals to re-ban oil exports from US.- No US policies are supporting return to big production

NOPEC: The Law of Unintended Consequences?

面對戰爭引發的糧食、能源及經濟衰退危機，美國總統拜登在龐大的內政壓力之下，會如何面對即將到來的「期中選舉」？從近期參議院動作可見端倪。美國參議會司法委員會上週針對石油輸出國家組織（OPEC）通過「反對聯合壟斷石油生產及出口法案」（NOPEC），目前雖僅是草案階段，但此舉引發美國及波斯灣國家關係緊繃。Yahoo TV 風向龍鳳配主持人陳鳳馨以上世紀初1930年代經濟大蕭條為例，她提醒，民主國家的政治動作通常是為回應民意，然而民粹情緒往往有可能造成經濟上更大的損害…。 更多風向龍鳳配影音：https://bit.ly/2ZZhAsR

Would you pull a Musk with the companies in your portfolio? Dividends, dividends and dividends. Spending did it. Property taxes went up. Retailers not paying rent. NOPEC stupidity.

US equity markets fell for a second consecutive session, shrugging off some solid corporate earnings releases and with re-opening plays such as airlines and cruise line operators led losses – Dow down -256-points or -0.75% , with Boeing Co (down -%) and Nike Inc (-%) both dropping more than >4%. International Business Machines (IBM) Corp rose over +3.79% after posting better-than-expected first quarter earnings per share (EPS) and revenue after the closing bell of the previous session. The broader S&P 500 lost -0.68%, with Energy (down -2.66%) leading seven of the eleven primary sectors lower. The more defensive Utilities (up+1.32%) and Real Estate (+1.12%) both advanced over >1%. United Airlines Holdings Inc fell -8.53% after the carrier recorded its fifth consecutive quarterly loss after the close of the previous session. American Airlines Group Inc fell -5.48%, while cruise operators Carnival Corp (down -4.35%) and Norwegian Cruise Line Holdings (-4.36%) both fell over >4%. The Nasdaq -0.92% Apple Inc (down -1.28%) launched a new iMac and iPad with its M1 chips at a spring event overnight. The small capitalisation Russell 2000 index fell -1.96%. In merger and acquisition (M&A) news, Kansas City Southern soared +15.25% after The Wall Street Journal reported that Canadian National Railway Co (-6.76%) was planning to make a buyout bid for the railroad operator of ~US$30B, which would top Canadian Pacific Railway Ltd.'s previously agreed on buyout bid.•In US corporate earnings, Netflix Inc dropped over >8% in extended trading after the streaming video company posted disappointing subscriber growth for the March quarter. For the period, Netflix added 4M net new subscribers, falling well short of the company's guidance target of 6M, while the company sees just 1M net additions in the June quarter. Netflix finished March with 208M subscribers, up 14% from a year ago. For the March quarter, Netflix reported revenue of up 24% from a year ago to US$7.16B and slightly ahead of the company's projection of US$7.1B. Profits were US$3.75 per share, ahead of the company's estimate of US$2.97 a share. Netflix forecast June quarter revenue of US$7.3B, just below the current Wall Street consensus at US$7.4B, with profits of US$3.16 per share (above the current consensus analyst estimate at US$2.69 per share). Railroad operator CSX Corp fell over >1.5% in after hours trading after reporting that first quarter revenue fell -1% to US$2.81B (versus consensus forecasts for US$2.79B), citing “difficult operating conditions”. Net income fell more than >% to US$706M or US$0.93c versus consensus analyst estimates for US$0.93c. President and chief executive James Foote noted that “the strengthening economic momentum is providing added visibility into volume growth. Johnson & Johnson rose +2.33% after reporting first-quarter profit and sales that topped expectations, citing strength in its pharmaceutical business and continued recovery in medical devices. The company also reported US$100M in first-quarter sales of its COVID-19 vaccine that's on hold in the U.S. while health regulators investigate a rare blood-clotting issue. Abbott Laboratories fell -3.6% despite exceeding earnings expectations during a quarter in which sales of its COVID-19 tests made up 20% of total revenue. Consumer staples group and Dow constituent Procter & Gamble Co settled +0.83% higher after posting better-than-expected third quarter earnings and flagged that it would be raising prices on certain product categories. Fellow Dow component Travelers Companies Inc rose +0.87% after posting quarterly figures that topped consensus forecasts, raised its cash dividend and approved an additional US$5B of share buybacks. Aerospace and defence giant Lockheed Martin Corp fell -1.12% despite exceeding consensus first quarter earnings per share (EPS) estimates by 4%. Philip Morris International gained +2.54% after the tobacco group reported better-than-expected first-quarter profit and revenue. Baker Hughes Co, Chipotle Mexican Grill Inc, Haliburton, Lam Research Corp and Verizon Communications Inc are among companies slated to report tonight AEST. •The Travel and Leisure and Banking sectors both dropped -3.7% to lead all major sectors and major European bourses lower, leaving the benchmark pan-European Stoxx 600 index (which includes UK equities) nursing a -1.90% decline. Germany's DAX fell -1.55% . Bayerische Motoren Werke (BMW) AG fell -3.36% . France's CAC -2.09%. French food group Danone SA fell -1.8% after posting a -3.3% fall in first-quarter sales but maintained its goal of returning to profitable growth in the second half of the year Interim co-Chief Executives Veronique Penchienati-Bosetta and Shane Grant said that the company “continue to expect a return to like-for-like sales growth in the second quarter, and to profitable growth in the second half of 2021". French car parts maker Faurecia rose 1% after first-quarter sales beat market expectations, underpinned by strong growth in China. In broader stock moves, Austrian chipmaker ams AG tumbled 13.26% after a media report that it lost some business from Apple Inc. Sandvik AB (down -2.56%) said that order intake increased organically in the first quarter by +12% to SEK 25,847M (~US$2.97B) "...driven by strong momentum in mining and continued improvement in short-cycle businesses." Sandvik runs a mining equipment business, alongside machine tooling and materials technology business. Mining accounts for 40% of the company's revenues. "We continued to see strong momentum in mining with accelerating demand for our equipment, parts and services. The order intake level for Sandvik Mining and Rock Solutions was at an all-time high, driven by organic growth of +36% year on year," said Sandvik Chief Executive Officer (CEO) Stefan Widing in a news release. The European Medicines Agency said its safety committee concluded that a warning about unusual blood clots with low blood platelets should be added to the product information for Johnson & Johnson's coronavirus vaccine, but said the benefits outweighed the risk. In economic data, the German producer price index (PPI) for March•London's FTSE 100 shed -2.00%. Associated British Foods Plc fell -5.93% after adjusted operating profit almost halved from the same period last year. Rio Tinto Plc fell -2.2% following the iron ore major's first quarter operations review. In economic data, labor market data for March recorded that UK unemployment rate unexpectedly declined for a second consecutive month to 4.9% despite tight nationwide COVID-19 lockdown measures. Consumer price inflation (CPI) and producer price inflation (PPI) figures for March are released tonight AEST. •Base metals weaker across-the-board – copper lost -0.53% to ~US$4.23/lb after rising as much as +1.1% to US$9,483 per tonne or ~US$4.30/lb earlier in the session, and flirting with the US$9,617 per tonne level hit in February (which was its highest since August 2011). The most-traded June copper contract on the Shanghai Futures Exchange rose as high as ¥69,750 yuan (~US$10,737) per tonne, not far from its February peak of ¥71,080 per tonne (which was its highest since March 2011) before settling +1.1% higher at ¥69,450 per tonne. Elsewhere, nickel fell -0.84%, aluminium -0.80% and zinc -1.46%. The People's Bank of China (PBoC) yesterday (20 April) left their benchmark one year loan prime rate (LPR) unchanged for a twelfth consecutive month at 3.85% as widely expected (while the five-year rate also remained steady at 4.65%). •Benchmark spot iron ore (62% fines) jumped +US$7.81c or +4.30% to US$189.61mt . China's most traded iron ore futures contract (September delivery) rose over >4% yesterday (20 April) to hit a new record high of ¥119.05. The World Steel Association released its Short Range Outlook for 2021 and 2022 yesterday (20 April) and forecasts that steel demand will grow by 5.8% in 2021 to reach 1,8740.0M tonnes, after declining -0.2% in 2020. The association forecasts steel demand to see further growth of 2.7% to 1,924.6M tonnes in 2022.•Gold futures (June delivery) added +US$7.80 or +0.4% to US$1,778.40/oz, reversing an earlier decline as US Treasury yields receded. Silver futures (May delivery) unchanged at US$25.84/oz. •Oil prices retreated as record cases of COVID-19 in India (the world's third-largest importer of oil) dimmed the outlook for the nation's economy and energy demand, while there was apparent progress in the Iran's nuclear deal negotiations - WTI fell -US$0.94c or -1.5% to US$62.44/barrel, with the May contract expiring at the conclusion of the session. Last night's session marked the one-year anniversary of a negative price close for the front-month WTI crude futures contract. On 20 April, 2020 the May WTI crude plummeted -306% or -US$55.90, to settle at negative -US$37.63/barrel. The new front month June WTI contract fell -US$0.76c or -1.2% to US$62.67/barrel. Brent shed -US$0.48c or -0.7% to US$66.57/barrel. India's Prime Minister Narendra Modi held an address to the nation on Tuesday (20 April), ruling out a nationwide lockdown as a measure to curb the pandemic and urging states to ensure that lockdowns are only chosen as the last resort, according to the Hindustan Times. Elsewhere, Bloomberg reported that Iran's President Hassan Rouhani said negotiations toward a nuclear deal were 60% to 70% complete. Meanwhile, the U.S. House Judiciary Committee's move on the No Oil Producing and Exporting Cartels Act of 2021, known as NOPEC, called attention to long-running efforts to by the U.S. to make it illegal for the Organisation of Petroleum Exporting Countries (OPEC) to manipulate oil prices. The NOPEC bill would make it illegal for any foreign state to act collectively to limit oil production or set prices. After the markets' close, the American Petroleum Institute (API) released their latest weekly inventory data, recording a +436K barrel increase in US crude stoc

NOPEC is a non-profit organization of local governments in Northeast Ohio working cooperatively to provide a competitive environment for energy cost savings for individuals and small businesses.

NOPEC “Community Spotlight” with Chardon city manager Randy Sharpe. Randy explains how NOPEC helps Chardon!

NOPEC “Community Spotlight” podcast with Newburgh Heights Mayor Trevor Elkins. Mayor Elkins explains how NOPEC helps Newburgh Heights!

NOPEC “Community Spotlight” podcast with Lyndhurst Mayor Patrick Ward. Mayor Ward explains how NOPEC has helped Lyndhurst!

NOPEC “Community Spotlight” podcast with Brimfield Township Trustee Sue Fields. Trustee Fields explains how NOPEC has helped Brimfield Township!

NOPEC “Community Spotlight” podcast with Eastlake Mayor Dennis Morley. Mayor Morley explains how NOPEC helps Eastlake!

NOPEC “Community Spotlight” podcast with Maple Heights Mayor Annette Blackwell. Mayor Blackwell explains how NOPEC helps Maple Heights!

Ograniczenie produkcji przez OPEC, problemy Wenezueli oraz kwestie związane z Iranem. Te elementy podnoszą wycenę ropy, ale niewykluczone, że ustawa NOPEC będzie działać w przeciwnym kierunku.

Leave us a review:iTunes - https://itunes.apple.com/us/podcast/energy-week/id1300031596?mt=2Stitcher - https://www.stitcher.com/podcast/global-energy-leaders/energy-weekAPI Monthly Statistical Report - https://www.api.org/products-and-services/statistics/api-monthly-statistical-reportNotes and articles:Gasoline prices on the rise:https://business.gasbuddy.com/gas-price-rise-hits-four-straight-weeks/Gasoline prices heading up - but not close enough to the psychological line at which people stop buying or grumble about it.Pemexhttps://wolfstreet.com/2019/03/10/time-running-out-for-worlds-most-indebted-oil-company-pemex/Pemex in big trouble, downgraded by Moody’s and Fitch recently to BBB-. Mexican President wants to inject $3.8 billion into the company but can it really saved? Is it worth saving? Want to build a new refinery - will cost $8 billion, but hope to reduce Mexico’s gasoline dependence on U.S.Explaining Venezuela's blackouts:https://www.caracaschronicles.com/2019/03/10/nationwide-blackout-in-venezuela-faq/How Venezuela ended up with such a massive blackout and what they can do to fix it. They rely mostly on hydroelectric power for electricity, even if they could produce oil, they don’t have oil fired power plants to burn it for electricity.API Monthly Statistical ReportU.S. production eclipsed 12 million bpd in crude oil production in February DESPITE pullback in drilling activity over last month.Questions over demand - responsiveness to lower prices, but perhaps the fall in global oil prices has helped keep demand from falling too much. There is some softness in demand, but it is seasonal. Year over year increase in distillate demand is very strong. Freight trucking and shipping very strong in the U.S. Jet fuel also very strong for February. Very strong domestic signs.Internationally, demand kept up.EIA shows $60 a barrel throughout 2019. Don’t see a big responsiveness to Saudi production cut. Productivity rising in the U.S. and there is more room even for more U.S. production gains.U.S. exports of crude oil and products hit the 8 million barrel per day mark - but can the U.S. really rival Saudi Arabia? Overall market share picture is difficult to balance as U.S. production continues to grow. Mixed signals from economic indicators continue - industrial growth slowing in U.S. and weakness in China continues. Jet fuel domestic demand - 1.6 million barrels per day but gasoline is 9 million barrels per day. It’s not killing it, but its showing solid growth. When you take gasoline, jet fuel AND distillates together, demand growth is strong.Ellen on the NOPEC bill:https://thehill.com/opinion/energy-environment/433261-american-energy-could-be-collateral-damage-in-attempt-to-punishEllen on Bloomberg Radio:https://www.bloomberg.com/news/audio/2019-03-08/oil-in-holding-pattern-as-venezuela-iran-oil-looms-radioRyan on Texas Oil and Gas Podcast and NEW!!! Show. Check it out.

Leave us a review:iTunes - https://itunes.apple.com/us/podcast/energy-week/id1300031596?mt=2Stitcher - https://www.stitcher.com/podcast/global-energy-leaders/energy-weekAPI Monthly Statistical Report - https://www.api.org/products-and-services/statistics/api-monthly-statistical-reportNotes and articles:Gasoline prices on the rise:https://business.gasbuddy.com/gas-price-rise-hits-four-straight-weeks/Gasoline prices heading up - but not close enough to the psychological line at which people stop buying or grumble about it.Pemexhttps://wolfstreet.com/2019/03/10/time-running-out-for-worlds-most-indebted-oil-company-pemex/Pemex in big trouble, downgraded by Moody’s and Fitch recently to BBB-. Mexican President wants to inject $3.8 billion into the company but can it really saved? Is it worth saving? Want to build a new refinery - will cost $8 billion, but hope to reduce Mexico’s gasoline dependence on U.S.Explaining Venezuela's blackouts:https://www.caracaschronicles.com/2019/03/10/nationwide-blackout-in-venezuela-faq/How Venezuela ended up with such a massive blackout and what they can do to fix it. They rely mostly on hydroelectric power for electricity, even if they could produce oil, they don’t have oil fired power plants to burn it for electricity.API Monthly Statistical ReportU.S. production eclipsed 12 million bpd in crude oil production in February DESPITE pullback in drilling activity over last month.Questions over demand - responsiveness to lower prices, but perhaps the fall in global oil prices has helped keep demand from falling too much. There is some softness in demand, but it is seasonal. Year over year increase in distillate demand is very strong. Freight trucking and shipping very strong in the U.S. Jet fuel also very strong for February. Very strong domestic signs.Internationally, demand kept up.EIA shows $60 a barrel throughout 2019. Don’t see a big responsiveness to Saudi production cut. Productivity rising in the U.S. and there is more room even for more U.S. production gains.U.S. exports of crude oil and products hit the 8 million barrel per day mark - but can the U.S. really rival Saudi Arabia? Overall market share picture is difficult to balance as U.S. production continues to grow. Mixed signals from economic indicators continue - industrial growth slowing in U.S. and weakness in China continues. Jet fuel domestic demand - 1.6 million barrels per day but gasoline is 9 million barrels per day. It’s not killing it, but its showing solid growth. When you take gasoline, jet fuel AND distillates together, demand growth is strong.Ellen on the NOPEC bill:https://thehill.com/opinion/energy-environment/433261-american-energy-could-be-collateral-damage-in-attempt-to-punishEllen on Bloomberg Radio:https://www.bloomberg.com/news/audio/2019-03-08/oil-in-holding-pattern-as-venezuela-iran-oil-looms-radioRyan on Texas Oil and Gas Podcast and NEW!!! Show. Check it out.

Perry Visits Saudihttps://www.spglobal.com/platts/en/market-insights/latest-news/oil/121018-us-perry-pushes-for-stable-oil-supply-in-talks-with-saudi-minister-aramco-ceoClearly discussing more than just energy investment opportunities, probably dealing with Iran sanctions issues as well.Perry met with Qatari oil minister, discussing increasing Qatar Petroleum's investments in US LNG. Qatar is invested in US LNG export facility already.NOPEC legislation coming?https://www.spglobal.com/platts/en/market-insights/latest-news/oil/120718-congress-moving-toward-passage-of-anti-opec-bill-sourcesPolitical tool for politiciansNot likely to see it before next CongressForecast for oilhttps://www.cnbc.com/2018/12/10/citi-forecasts-60-brent-crude-in-2019-as-opec-policy-spurs-us-output.htmlCiti says production cuts from the so-called OPEC+ alliance has only delayed the inevitableTrump, Putin & MbS are the policy drivers behind prices and yet they can't impact prices? According to Citi, OPEC and OPEC+ will remain a major driver for oil prices. If the production cut deal falls apart, prices could drop into the $40s but if they increase it, they could rise to $70 or $80.https://finance.yahoo.com/news/morgan-stanley-slashes-oil-price-180000868.htmlMorgan Stanley forecasts average oil price for 2019 at $68.78 compared to Citi which is now saying $60 per barrel for Brent.Shale break even priceshttps://www.wsj.com/articles/big-fracking-profits-at-50-a-barrel-dont-bet-on-it-1543919401breakeven price is a term that doesn't really mean anything. theoretical price at which some producers might make money and others won'tNice to see WSJ breaking down the issues but are still guesstimating on what they are or what they even mean. Reality is that we don't know what the break even is, plus WSJ is only accounting for publicly traded companies. No data on privately held companies.France 24 The Debatehttps://www.france24.com/en/20181206-debate-pressure-mbs-washington-pushes-saudi-arabia-over-yemen

Perry Visits Saudihttps://www.spglobal.com/platts/en/market-insights/latest-news/oil/121018-us-perry-pushes-for-stable-oil-supply-in-talks-with-saudi-minister-aramco-ceoClearly discussing more than just energy investment opportunities, probably dealing with Iran sanctions issues as well.Perry met with Qatari oil minister, discussing increasing Qatar Petroleum's investments in US LNG. Qatar is invested in US LNG export facility already.NOPEC legislation coming?https://www.spglobal.com/platts/en/market-insights/latest-news/oil/120718-congress-moving-toward-passage-of-anti-opec-bill-sourcesPolitical tool for politiciansNot likely to see it before next CongressForecast for oilhttps://www.cnbc.com/2018/12/10/citi-forecasts-60-brent-crude-in-2019-as-opec-policy-spurs-us-output.htmlCiti says production cuts from the so-called OPEC+ alliance has only delayed the inevitableTrump, Putin & MbS are the policy drivers behind prices and yet they can't impact prices? According to Citi, OPEC and OPEC+ will remain a major driver for oil prices. If the production cut deal falls apart, prices could drop into the $40s but if they increase it, they could rise to $70 or $80.https://finance.yahoo.com/news/morgan-stanley-slashes-oil-price-180000868.htmlMorgan Stanley forecasts average oil price for 2019 at $68.78 compared to Citi which is now saying $60 per barrel for Brent.Shale break even priceshttps://www.wsj.com/articles/big-fracking-profits-at-50-a-barrel-dont-bet-on-it-1543919401breakeven price is a term that doesn't really mean anything. theoretical price at which some producers might make money and others won'tNice to see WSJ breaking down the issues but are still guesstimating on what they are or what they even mean. Reality is that we don't know what the break even is, plus WSJ is only accounting for publicly traded companies. No data on privately held companies.France 24 The Debatehttps://www.france24.com/en/20181206-debate-pressure-mbs-washington-pushes-saudi-arabia-over-yemen