Podcasts about OPEC

Fastest 15Burglar breaks in - crawls into 3 yo's bedShelton DOC employee asked his sister to shoot him, she did // Biden begs OPEC //  Dave Wyman stops by  // Cont. See omnystudio.com/listener for privacy information.

In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets. The post October 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive Oil & Gas Training.

In this podcast, oil market experts Andrew Lebow and Jim Colburn discuss key fundamental forces driving oil prices in both the futures and options markets. The post October 2021 Oil Market Analysis – Commodity Research Group appeared first on EKT Interactive Oil & Gas Training.

with Brad Friedman & Desi Doyen

Executive Director of Power the Future, Daniel Turner, joined Rich discussing the rising prices in oil and gases as the supply here in the United States is getting cut short under the Biden Administration and their reliance on OPEC to supply the shortage.  See omnystudio.com/listener for privacy information.

The production volume of light sweet ESPO Blend is expected to grow this year, partly due to Russia unwinding its Opec+ output cut agreement. In this episode of The Crude Report, Argus Asian crude oil editor Nur Azlin Ahmad and crude oil editor Diana Mukhametzyanova discuss the near-term export outlook of ESPO Blend and how the fluctuating Chinese demand is affecting its pricing.

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***We are pleased to offer new sponsorship opportunities in The Economy, EIA Report and The Frac Spread Count.***Primary Vision Network is covering the hottest topics in energy and the economic implications affecting the US & International Markets.   PVN covers the energy sector as well as the full supply chain with a granular focus on "well to wheel" economics.  Get your brand in front of the movers & shakers of the oil & energy industry and align with the industry's most accurate and trusted content. Reach out to Lisa O'Keefe at lisa.okeefe@pvmic.com for more information.

***We are pleased to offer new sponsorship opportunities in The Economy, EIA Report and The Frac Spread Count.***Primary Vision Network is covering the hottest topics in energy and the economic implications affecting the US & International Markets.   PVN covers the energy sector as well as the full supply chain with a granular focus on "well to wheel" economics.  Get your brand in front of the movers & shakers of the oil & energy industry and align with the industry's most accurate and trusted content. Reach out to Lisa O'Keefe at lisa.okeefe@pvmic.com for more information.

TOPICS AND TIMESTAMPS: The Unfolding 0:00 ENERGY CRISIS 0:54 MARGIN CALLS 10:07 HUGE SHIFTS 13:23 $GPS INSIGHTS #1 LOW INVENTORY, HIGH DEMAND, LOW SUPPLY, AND OUTAGES #2 INFLATION WILL REMAIN, LEAVING SAVERS DESTROYED #3 HEDGE AGAINST INFLATION AS BEST YOU CAN Oil at 7-year high after OPEC+ decides on cautious increase https://apnews.com/article/coronavirus-pandemic-business-economy-prices-opec-54c606517408481b9f99895b168a07cb Bloomberg Commodities Index Hits Record High - Bloomberg https://www.bloomberg.com/news/articles/2021-10-04/commodities-index-hits-record-as-world-rebound-meets-shortages?srnd=premium-canada 1240x-1.png (1240×697) https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i6mdjYc4EBUs/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/1240x-1.png Dubai Port Operator DP World Sees Lasting Supply Disruptions - Bloomberg https://www.bloomberg.com/news/articles/2021-10-01/dubai-port-operator-dp-world-sees-lasting-supply-disruptions?srnd=markets-vp Power crunch looms in India as coal stocks reach crisis point | Financial Times https://www.ft.com/content/a3ca4eaa-9ecc-4a81-ad53-4902fae4bd61 bfm4DA5_0.jpg (1015×571) https://cms.zerohedge.com/s3/files/inline-images/bfm4DA5_0.jpg?itok=odsRxmhY Amazon (AMZN) Stock Turns Negative For Year - Bloomberg https://www.bloomberg.com/news/articles/2021-10-04/amazon-turns-negative-for-2021-as-higher-yields-add-to-pressure 1240x-1.png (1240×697) https://assets.bwbx.io/images/users/iqjWHBFdfxIU/il_Rs7oZAaac/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/1240x-1.png Exclusive: Commodity traders face big margin calls as gas prices soar | Reuters https://www.reuters.com/business/energy/exclusive-commodity-traders-face-big-margin-calls-gas-prices-soar-2021-10-04/ Commodity traders face big margin calls as gas prices soar | Financial Post https://financialpost.com/pmn/business-pmn/commodity-traders-face-big-margin-calls-as-gas-prices-soar-2#:~:text=the%20sources%20said.-,Commodity%20traders%20face%20big%20margin%20calls%20as%20gas%20prices%20soar,their%20profits%2C%20the%20sources%20said. ARERA - Energy: Government intervention reduces the impact of increases, + 29.8% for electricity and + 14.4% for gas. Zero impact on families in difficulty https://www.arera.it/it/com_stampa/21/210928agg.htm Silicon's 300% Surge Throws Another Price Shock at the World - Bloomberg https://www.bloomberg.com/news/articles/2021-10-01/silicon-s-300-surge-throws-another-price-shock-at-the-world Texas Company Offers Truckers $14K a Week During Tough Times for the Trucking Industry | Engaging Car News, Reviews, and Content You Need to See – alt_driver https://altdriver.com/country/texas-company-offers-drivers-14k-a-week-during-truck-driver-shortage/ Nord Stream 2 operator starts gas filling of first string - Business & Economy - TASS https://tass.com/economy/1345509 Fed Prepares to Launch Review of Possible Central Bank Digital Currency - WSJ https://www.wsj.com/articles/fed-prepares-to-launch-review-of-possible-central-bank-digital-currency-11633339800 cbdcs.jpg (930×731) https://cms.zerohedge.com/s3/files/inline-images/cbdcs.jpg?itok=XN6TAl7Z Statement by Philip Lowe, Governor: Monetary Policy Decision | Media Releases | RBA https://www.rba.gov.au/media-releases/2021/mr-21-22.html

Fauci says we can have a Christmas, attacks on Sinema get personal, White House quadruples down that $3.5 trillion will cost us nothing, OPEC to now increase production, the push from Dems to look at your bank account, Andrew Yang to leave Democrat Party   See omnystudio.com/listener for privacy information.

Fauci says we can have a Christmas, attacks on Sinema get personal, White House quadruples down that $3.5 trillion will cost us nothing, OPEC to now increase production, the push from Dems to look at your bank account, Andrew Yang to leave Democrat Party   See omnystudio.com/listener for privacy information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/bc24e812-a089-43e1-bc7a-289916c97229US oil prices rose to the highest level in seven years on Monday after Opec and its allies declined to accelerate plans to increase crude production, and shares of big tech companies slid on Monday, with stocks such as Apple, Microsoft, Facebook and Amazon dragging the S&P 500 to its lowest close since late July. Plus, the former Facebook employee who leaked explosive internal documents will testify before US lawmakers today and is expected to urge members of Congress to regulate the social media platform much more tightly.Tech stock slide drags Wall Street lowerhttps://www.ft.com/content/1fba7824-ad14-46bd-a379-404e6b18abc0US oil hits 7-year high after Opec+ resists calls to accelerate productionhttps://www.ft.com/content/ccd6f6d6-6045-4f0c-8638-9b0e01fee1c5Five problems the Facebook whistleblower wants to fixhttps://www.ft.com/content/2dbf79af-6dc5-4c98-90f0-af396c13e3adWarren calls on SEC to probe trading by Federal Reserve officials - with Colby Smith https://www.ft.com/content/9111b7c5-53c5-4d6f-9b6d-ca3533057908The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show's editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show's theme song is by Metaphor Music. The FT's global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

Over the last month the news has been dominated by stories of energy shortages around the world. China has seen major industrial output cuts caused by power outages over the last year, European gas prices are trading near record highs and the UK is reeling from the political fallout of a surge in energy prices. US oil prices rose to the highest level in seven years after OPEC and its allies declined to accelerate plans to increase crude production, snubbing calls from the White House to help tackle a growing global energy crunch.This crisis in Europe might foreshadow future difficulties in the rest of the world as the continent's energy shortage has governments warning of blackouts and factories being forced to shut.From container ships to cardboard, tighter environmental regulations are stoking shortages and price spikes as 'greenflation' takes a grip, adding a new twist to corporate valuations.For all the inflation-is-transitory messages from central banks, double or triple-digit cost increases have become common on company balance sheets, although the green variety has yet to show up in bond markets, the usual early warning system.While higher costs are partly down to pandemic-linked supply glitches, fund managers say a powerful impetus is emanating from stringent new rules to guide the world's transition to a greener future.Aluminium, electricity and fertilizer are among sectors targeted, with others such as aviation in the EU crosshairs.Investors largely agree greenflation is a necessary risk, because with the United Nations saying global warming is spiraling out of the control, the alternative of frequent floods, droughts and forest fires is worse. read moreThe question facing fund managers is which companies will see a profit hit, which can pass costs on and which will thrive.Patrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle On YouTube Support the show (https://www.patreon.com/PatrickBoyleOnFinance)

In today's show, you will learn why the debt ceiling is causing a panic in the stock and bond markets, why China's Evergrande is likely to default on its USD-denominated debts, how OPEC's output boost could lead to sticky inflation, why overseas shipping costs may soon fall, and what consumers feel about the economy. #economy #stockmarket #business #china #news #breakingnews #stocks #bonds #money #bank #Evergrande Portfolio Shield™ https://stevenvanmetre.com/portfolio-shield/ Website http://stevenvanmetre.com/ Social Media https://twitter.com/MetreSteven https://www.linkedin.com/in/steven-van-metre-b4a08b182/ https://www.facebook.com/svmfin/ Portfolio Shield™ and Momentum Timer Pro™ are unregistered trademarks of Steven Van Metre Financial. Watermark Artwork by Jasmine Miller Twitter: @jazcreative The content of this video is provided as educational information only and is not intended to provide investment or other advice. This material is not to be construed as a recommendation or solicitation to buy or sell any security, financial product, instrument, or to participate in any particular trading strategy. This video was prepared by Steven Van Metre in my own personal capacity. The opinions expressed in this video are my own and do not reflect the view of Atlas Financial Advisors, Inc. or Steven Van Metre Financial.

Why California is shutting down its last nuclear planthttps://www.cnbc.com/2021/10/02/why-is-california-closing-diablo-canyon-nuclear-plant.html- why, if California is trying to increase clean energy while in a power crunch?- safety concerns, but the nuclear chief says that there are no safety concerns and Diablo Canyon could safely operate for 40 years?- consumers won't buy the nuclear powerChina's Government Secures Fuel Supplies for Winter as the Country Battles a Power Crisis Threathttps://www.natureworldnews.com/articles/47690/20211003/china-fuel-supplies-power-crisis-threat.htmChina Relaxes Coal Mine Safety Efforts on Electricity Crisishttps://finance.yahoo.com/news/china-relaxes-coal-mine-safety-004516612.htmlBoris Johnson Plans Fossil Fuel-Free U.K. Power Grid by 2035https://www.bloomberg.com/news/articles/2021-10-04/u-k-s-johnson-plans-fossil-fuel-free-power-grid-by-2035- will Britain's power grid even have power unless a lot of nuclear power plants in the next years- The U.K. will reserve a key role for nuclear power in the nation's electricity system as a backup for renewables in a plan to phase out natural gas by 2035.- Fossil fuels will no longer be used to generate power by the middle of the next decade as the U.K. tackles the double threat of climate change and an energy supply crunch that has sent prices spiraling to record highs. The government says the plan is “a landmark move to end Britain's dependency on volatile fossil fuels.”- But renewables are also quite volatileClimate change could cost the U.S. up to 10.5 percent of its GDP by 2100, study findshttps://www.washingtonpost.com/weather/2019/08/19/climate-change-could-cost-us-up-percent-its-gdp-by-study-finds/- weather disasters may be more intense, but over time more wealth is accumulated so obviously the cost of the damage will be more. Especially, wealth is concentrated in areas more prone to weather damage, like on the beach, near fault lines, areas where wildfires happen & the beach in Florida.Interview with Mark Rossano on China:- check out Mark's YouTube channel (PrimaryVisionNetwork), FracSpreadCount and Private Equity Fund- Is China really going to secure energy at all costs? Who/when said this? Said in front of shuttered coal mine (because it was unsafe). Unsafe mines were cleaned up at the beginning of the year.- Costs? political, human, price? weighted towards political and human. Need to expedite bringing mines back. Also, context of fight with Australia - if China goes out to Australia they can resolve issue and bring in their coal. - Will China choose power to residential areas or maintain factory output? China is actually allowing price fluctuation. But have also vowed that there won't be cuts to residential power. - Slashed steel production, which really cuts down on power usage.- Timing also an issue. In September China tries to run ahead of "Golden Week" - getting products ready and shipped by holiday season. But now they are on the other side of that. Typically in Oct/Nov drop in industrial throughput.- could see more "Malaysian crude" coming into China (Actually Iranian crude)- big buildup of crude sitting offshore in China, meanwhile teapots are cutting runs. 68% utilization rate (2018 levels now).- State refiners have cut runs 7%. Fuel oil is at a 6 year high and only time have had more fuel oil in storage was in 2014. Trying to preserve incase need to burn fuel oil in power plants.- China's perspective on OPEC meeting - more concerned about price than volume. Volume is there, the type of crude that Asia wants to buy has plenty. What are they waiting for? Pulling more from Iraq.- Does China need to see a $1 cut in OSPs to really make a difference and would this seem like a slap in the face to the White House if Aramco raises OSPs to the US?

www.fivewide.bizhttps://www.hartenergy.com/exclusives/hyperinflation-crude-oil-prices-infinity-and-beyond-196465https://www.reuters.com/business/energy/opec-seen-keeping-oil-output-policy-unchanged-opec-sources-say-2021-10-04/https://oilprice.com/Energy/Crude-Oil/OPEC-Meeting-Ends-With-Minor-Oil-Production-Hike.htmlhttps://www.hartenergy.com/exclusives/pm-johnson-says-all-uk-electricity-will-be-green-2035-196525https://www.hartenergy.com/exclusives/lng-sellers-seek-credit-letters-gas-price-spike-stretches-credit-limits-196523Connect with Stephanos Zunez:http://evoleap.com/

Plus: Senate Majority Leader Chuck Schumer urges action on debt ceiling by the end of the week. OPEC opts against a big output boost, pushing oil prices to seven-year high. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Die «Pandora Papers» sollen zeigen, dass auch Schweizer Anwälte und Treuhänder Offshore-Firmen für internationale Kundschaft betreuen, die mutmasslich damit Geld waschen. Vor einem halben Jahr haben es National- und Ständerat abgelehnt, Beratungstätigkeiten dem Geldwäschereigesetz zu unterstellen. Nun kommt die Forderung wieder auf den Tisch. Weitere Themen: (01:14) «Pandora Papers» befeuern Diskussion um Geldwäschereigesetz (09:32) Kenias Elite bereichert sich an der Bevölkerung (17:02) OPEC verzichtet auf Ausweitung der Öl-Fördermenge (20:08) Gigantischer Immobilienskandal? Prozessauftakt in Genf (24:19) «Mit oder ohne Covid, es gefällt mir einfach» (29:48) Medizin-Nobelpreis für Sinnesforschung (34:14) Der Begriff «Stadt» und seine drei Dimensionen

The policy leaves in place $350 billion in Chinese import tariffs; Democrats to trim price tag of $3.5 trillion “human infrastructure” bill; OPEC+ meets to discuss planned production output boost; Amplify Energy says operations shut down off Southern California coast amid oil spill investigation

China Evergrande has been halted, as the company faces the fallout of its massive debt payment. Brian digs into the debt and the company's assets in his RBI. Plus, OPEC has another meeting today, and natural gas could be at the forefront of the conversation. RBC's Helima Croft joins with what to expect. And the CEO of Hologic, Steve MacMillan, joins at the start of Breast Cancer Awareness month, to discuss his company's Global Women's Health Index, and how the Covid pandemic has impacted cancer screenings for women around the world.

In a single day, one million Venezuelan bolivars had the spending power of one bolivar. This isn't isolated to Venezuela as hyperinflation has been wrecking the world.  More news on today's episode: national parks are now taking reservations, OPEC says we need to invest in oil, water bottle sales topped $218 billion, the UK is running out of truck drivers, drones deliver COVID relief in Africa, and Roma has a wild boar invasion problem. Blaine's Twitter: @furpep _____ Support Us: https://amalfimedia.com/support More Shows: https://amalfimedia.com

The documents expose the offshore dealings of presidents, royalty and prime ministers. Our reporter Andy Verity, who's been combing through the thousands of papers, tells us more about what they contain. Ahead of a key Opec meeting on Monday, members are under pressure to address the rapidly growing oil price. Our regular commentator - economist Michael Hughes - tells us what the likely outcomes and effects might be. And it's ten years since Steve Jobs, the co-founder of Apple, died. He transformed the firm into a trillion dollar company and devised a string of iconic products. We discuss his legacy with Karlin Lillington, technology columnist with the Irish Times. This edition is presented by Will Bain and produced by Sara Parry.

＊疫情穩定10/5再鬆綁 上山下海可免戴口罩 ＊吳德榮：熱帶擾動7日起發展 可能影響國慶連假 ＊全球超過2億3488萬人染疫　逾480.1萬人死亡 ＊巴西新增確診病例9004例、225死 ＊美國疫情病故破70萬 拜登：儘快接種疫苗 ＊俄染疫單日增890死　 7天內第5度創死亡病例新高 ＊新加坡新增確診病例2057例　連續6天單日新增超過2000例 ＊中國新增確診病例28例　其中境外輸入病例26例 ＊連4天零本土增6境外 希望持續加零 ＊以色列病例驟降60%　研究：打第3針可降11倍感染風險 ＊默克藥廠推口服藥 臨牀測試證能有效降低重症及死亡風險 ＊口罩鬆綁…空曠怎認定「把責任推給民眾」 ＊檢舉未戴口罩亂象多 累死基層警追著跑 ＊新北10/5起有條件開放KTV、桌遊等場所 ＊〈美股盤後〉十月開局喜迎反彈！首個新冠口服藥就快問世 ＊高鐵員工闖關　名醫嘆「莫德納孤兒」亂象：台灣打疫苗是荒謬劇 ＊費城聯儲總裁料Fed短期內將縮減購債　2022年底或2023年初開始升息 ＊市場衡量OPEC+增產決議 原油收高 本週延續漲勢 ＊美國要求台積電提供企業機密　郭正亮點名這兩人：喪權辱國 ＊美國要求芯片大廠交出機密數據：三星台積電不配合將被採取行動 ＊德國政黨展開組閣協商 梅克爾呼籲妥協克服歧異 ＊潘朵拉文件踢爆多國政要　以離岸公司洗錢、避稅、藏資產

***2021 Summer Frac Guidance***Topics:1 Frac Spread Count Supply Report2 years of Frac Spread Count Demand Data3 weeks updates to the Frac Spread Count Demand data4 weeks of Insights from Mark Rossano Extra Statistics, add-ons and more!Order today: fracspreadcount.comWant a free sample?Email us: info@pvmic.com

This episode is sponsored by Masterworks. Dr. Anas Alhajji is a leading energy markets expert, and advises governments, companies, and financial institutions on energy markets. He focuses on oil and gas market outlook, energy geopolitics, energy security, and the impact of disruptive technologies on the supply and demand of energy. He is the Managing Partner at Energy Outlook Advisors LLC, and was previously the Chief Economist of NGP Energy Capital Management. He is also a contributing editor for top industry publication: World Oil. Before moving to industry, Anas taught economics at the University of Oklahoma, the Colorado School of Mines and Ohio Northern University. In this podcast we discuss: False ideas around what drives oil prices What supply and demand drivers matter Why OPEC doesn't matter Why peak oil is wrong Why bearish oil demand forecasts on ESG/climate change are wrong How governments and companies are not acting on carbon neutrality How Iran oil supply has continued despite sanctions Oil underinvestment in oil producing nations Saudi, US and Russian oil supply outlook The Arctic oil play China's dominance in oil markets The rise of private generators Book that Anas rates: Kuwait in the Time of British Empire (Khajah)  

***2021 Summer Frac Guidance***Topics:1 Frac Spread Count Supply Report2 years of Frac Spread Count Demand Data3 weeks updates to the Frac Spread Count Demand data4 weeks of Insights from Mark Rossano Extra Statistics, add-ons and more!Order today: fracspreadcount.comWant a free sample?Email us: info@pvmic.com

***2021 Summer Frac Guidance***Topics:1 Frac Spread Count Supply Report2 years of Frac Spread Count Demand Data3 weeks updates to the Frac Spread Count Demand data4 weeks of Insights from Mark Rossano Extra Statistics, add-ons and more!Order today: fracspreadcount.comWant a free sample?Email us: info@pvmic.com

Against a backdrop of growing global concern over energy supplies, Opec+ ministers meet next week to discuss and agree output policy for November, and are expected to rubber-stamp the next 400,000 b/d monthly increase under their existing deal.  In this episode of The Crude Report, our Dubai Editorial Manager Nader Itayim and Editor-in-Chief Jim Washer discuss if Opec+ policy is on the right track, whether it can deliver more oil if needed, and what challenges may await the producer alliance in 2022. 

Taxation and inflation combined is the formula to kill the middle class per Vladimir Lenin, and our government is doing just that.  Lone Tree proposes a retail sales tax hike of 55% for their city; vote NO.  LEAP, Learning Enrichment and Academic Progress Program, is a strong NO.  Unelected, unaccountable bureaucrats will be appointed by the governor to have complete control of this new program with additional taxing authority for “eligible” children, not all Colorado children.  Greg Fisher, candidate for Widefield District 3 School Board, wants to bring back transparency and parent involvement.  Critical Race Theory, CRT, and the sexualization of our children have no place in our schools.  Instead, schools need to teach the core academics.  It is unconscionable that with all the money spent on education students are not even 50% proficient in reading and math.  David Dock and Brenda Miller are other good candidates to consider for 3 openings out of the five seats. Do not miss Leslie Manookian, founder of Health Freedom Defense Fund, presentation's in Loveland this coming Thursday, September 30th, and Denver on Saturday, October 2nd. Guest Dave Keyte, CEO of Caerus Oil and Gas, discusses the Biden policy to shift oil and gas production away from the U.S.  Even OPEC openly admits that they are the winners of this policy coupled with the global energy transition; OPEC will regain its dominance as America will become dependent on OPEC once again.  Politics in DC give no metrics to measure “success” in renewable energy as they get rid of fossil fuels.  We are transferring the issue of air quality from air to surface due to the high usage of rare earth minerals that must be mined.  The climate czars do not want to talk about this impact on the earth, let alone the labor used to mine the minerals (i.e., OSHA regulations are not used in China or Afghanistan).  We need to step back and understand the energy mix available, analyze what sources are available locally, and be a part of the solution

***2021 Summer Frac Guidance***Topics:1 Frac Spread Count Supply Report2 years of Frac Spread Count Demand Data3 weeks updates to the Frac Spread Count Demand data4 weeks of Insights from Mark Rossano Extra Statistics, add-ons and more!Order today: fracspreadcount.comWant a free sample?Email us: info@pvmic.com

***2021 Summer Frac Guidance***Topics:1 Frac Spread Count Supply Report2 years of Frac Spread Count Demand Data3 weeks updates to the Frac Spread Count Demand data4 weeks of Insights from Mark Rossano Extra Statistics, add-ons and more!Order today: fracspreadcount.comWant a free sample?Email us: info@pvmic.com

***2021 Summer Frac Guidance***Topics:1 Frac Spread Count Supply Report2 years of Frac Spread Count Demand Data3 weeks updates to the Frac Spread Count Demand data4 weeks of Insights from Mark Rossano Extra Statistics, add-ons and more!Order today: fracspreadcount.comWant a free sample?Email us: info@pvmic.com

We look at how soaring energy prices in Spain, gas prices in the U.S. and aluminum prices globally could all be linked to coal mines in China.----- Transcript -----Andrew Sheets Welcome to Thoughts on the Market, I'm Andrew Sheets, chief cross asset strategist for Morgan Stanley.Martijn Rats And I'm Martijn Rats, Morgan Stanley's global oil strategist and head of the European energy team.Andrew Sheets And on this special episode, we'll be talking about how soaring energy prices in Spain, gas prices in the U.S. and aluminum prices globally could all be linked to coal mines in China. It's Friday, September 17th, at 3 p.m. in London.Andrew Sheets So, Martin, there's a pretty striking story going on globally in commodities that's been hitting close to home here in Europe. I think a good place to start is just to run through how much prices for things like coal, natural gas and aluminum have been rising this year.Martijn Rats Thanks, Andrew. The price rally in many of these commodities has been rather extraordinary. The global consumption of coal peaked in 2013. So eight years ago. And yet we're now looking at thermal coal prices that are close to all time highs. At the start of the year, the price of thermal coal in the seaborne market was in the order of $80/ton. Now we're looking at $180/ton. With that also, the price of aluminum has risen very strongly. At the start of the year, we were around about $2000/ton. At the moment we're knocking on nearly $3000/ton. The price of natural gas both in the seaborne market traded as LNG as liquefied natural gas, but also in Europe, delivered through pipelines at several trading hubs where gas is trading. In Europe, we've seen extraordinary rallies. Typical prices have gone from in the order of $6-7 per MMBTU to $22, $23, $24 per MMBTU. And with that, then also electricity prices have increased very sharply. In Germany, in France, Spain, the U.K., electricity prices have broadly tripled from about sort of 50 euros a megawatt hour to about 150 euros per megawatt hour.Andrew Sheets So one of the reasons I was so keen to talk to you today is that this is a really interesting and interlinked story. What's going on?Martijn Rats I think there is a common set of factors between all of these rallies. In China, electricity demand is up, coming out of covid and also because of hot weather. Normally, China produces its majority of its electricity from coal and from hydropower, i.e. dams and rivers. But because of underinvestment and because of drought, both of these source of electricity production have really struggled this year. That meant that China had to curtail aluminum production, which is particularly electricity intensive to make. China is a big producer of aluminum globally, so that made the global aluminum price spike. At the same time, it meant that China had to look for coal in the seaborne market and also for natural gas, which is another fuel you can use for electricity production. That tightens the global market for coal and for natural gas. And then those prices spiked, particularly in Europe, because normally natural gas that is shipped around the world in LNG tankers, a lot of that ends in Europe. But this year, a far lower share of it ended in Europe. That meant that our inventories of natural gas didn't really build over the summer. We're now going into the winter with unusually low levels of natural gas inventories. Natural gas prices in Europe then spiked. And because that sets the price for electricity, then electricity prices also spiked. It's a global story that is very interconnected across regions and across commodities.Andrew Sheets So, Martin, I know this is hard to comment on, but how do you think this resolves itself? And what do you think are the key factors to watch here going forward as we think about these interconnected commodity markets?Martijn Rats Well, I think these rallies and particularly the sharpened sort of nature of them have really driven home three things. First of all, how interconnected the commodity markets really are. You can get, you know, drought in China and electricity prices go up in Spain. It really is that interconnected. I think the second thing that these rallies drive home is how difficult this is to forecast. As in, even three months ago, six months ago, most market participants would not have expected that in particular, commodities would have rallied so much. As we go into the energy transition, we really should use less coal. And therefore, coal markets were by and large expected to be very well supplied. Natural gas has been quite abundant, really on a global basis ever since the emergence of U.S. shale about a decade ago. And that market, too, was widely expected to remain abundant. So to see these types of price rallies really drives home how difficult it is to forecast these rallies. And frankly, for that reason, we should be open minded about, you know, these deeply held consensual views about how all of this is going to play out. The third thing I think that is worth stressing is that these rallies also show how little margin of safety there is in the broader energy system, and particularly as we do go into the energy transition with seemingly little margin of safety, that creates room for instabilities and spikes in the future as well.Andrew Sheets And, Martin, by the energy transition, we're talking here about this idea that we're really going to be moving away from coal based production, fossil fuels, not just because they're worse for the environment, but they're increasingly less economic relative to many of these renewable technologies that are now out there.Martijn Rats Yeah, that is exactly right. You know, to address climate change and to decarbonize, we need to move to more sustainable low carbon sources of energy. But what is currently going on is that this prospect is leading those that typically invest in the traditional fossil fuels to lower their investment levels already well in advance, whilst actually our consumption patterns are changing quite slowly. So there's a real question whether the prospect of the energy transition is impacting the supply side of energy before it impacts really the demand side of energy. And that's that could then be the source of those price squeezes and instabilities that I just mentioned.Andrew Sheets So, Martin, meanwhile, U.S. gasoline prices have moved up to some of their highest levels since 2014. Is this related to this story and the other commodities or is something else going on here now?Martijn Rats So far, oil is not quite wrapped up in this story quite as much. Oil still has its own standalone dynamic, more or less. And the reason for that is that have loose connections to each other. But oil is truly global. So the United States has reduced its dependance on imported oil very, very significantly over the years, but still, the American oil market is connected to the global oil market. And in the global oil market, we see recovery in demand. The oil market is simply tight and that is driving U.S. gasoline prices. So the dynamic there is different. But where these stories could converge is in terms of the impact of little investment in the future, because clearly part of the story that I just told about natural gas and coal has an element to it of low investment levels that are now showing their consequences and partly responsible for creating these squeezes. In the oil market, we are also now going through a number of years already with low investment levels. Now, there's still some slack in the system, but what is now happening to coal and natural gas could well happen to oil markets in two, three, four years from now when OPEC's spare capacity has been depleted and demand has recovered. So in that sense, U.S. gasoline prices are a different story, but they could become the same story in a few years from now.Martijn Rats So now, Andrew, I look at it from an energy and commodity perspective, but you take a very much a macro view. What do you make of all of this?Andrew Sheets So I think the irony here is, is that both investors or general people who want to reduce carbon based emissions and the energy companies would both prefer higher energy prices, albeit for maybe different reasons. But higher prices are one mechanism to reduce the amount of consumption of these various fossil fuels and commodities. So there is a free market element here. As these prices go up, people will use less electricity, they will use less natural gas, they will try to they will drive less. And that can have some positive environmental impacts. It can also have some negative economic impacts, as if that if that leads to less activity. If that transition has to happen a lot faster or maybe more uncomfortably than expected. I think the second thing is we do have to be on the lookout for this impact on corporate margins. When it comes to commodities and when it comes to the things you were just discussing, if you produce these things, it can be really good. And if you consume them, it can be really challenging. If prices are going up 50-100%, I don't think many people's budgets or earnings numbers account for that type of fluctuation. So, you know, this is something we're going to be watching very closely as we go into third quarter earnings and fourth quarter earnings. And also, I think investors need to be on the lookout for companies that potentially get squeezed if they are not able to pass on price increases onto the next part of the supply chain, onto their customers. And finally, I think this is a really good reminder that there's, I think, a temptation in markets often to really want to think that politics is this great explainer of everything. And I think this is a good reminder of the limitations of that. I mean, I think if you had told an investor at the start of 2020 that you would have Democratic control of the White House, the House of Representatives, the Senate, and then coal prices would go on and more than double. People would have thought that you were crazy. People would have thought that you didn't know what you were talking about. And yet that's happened. And it's happened because there's a drought in China and there's a lack of coal production for many other unrelated reasons. So I think this is just a good example that any time I think we look at markets with upcoming elections, yes, those can matter and they can matter a lot. But often other factors can also come into play. And we need to be mindful and I think kind of humble to that dynamic.Andrew Sheets Martijn, thanks for taking the time to talk.Martijn Rats Great speaking with you, Andrew,Andrew Sheets And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review on Apple Podcasts and share the podcast with a friend or colleague today.

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The IEA may have revised down their oil demand estimates for the third quarter of this year, but looking further ahead both OPEC and IEA expect demand to bounce back despite fear of potential new lockdowns and new variants. As for Brent crude, the current pressure on prices could soon cease amid a strong improvement in refinery margins. In this episode of the Oil Markets Podcast, S&P Global senior editors Robert Perkins and Emma Kettley discuss with Eklavya Gupte what is currently holding back Brent prices and when is global oil demand expected to recover.

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There are a lot of reasons being thrown around for the rising price of gasoline – inflation, COVID ending, Biden's attacks on oil and gas, decisions by OPEC – but what's the truth? Petroleum economist Karr Ingham joins us to shed light on the current state of the domestic and global oil markets, regulatory uncertainties, and geopolitical trade wars that are affecting your costs at the pump. Karr Ingham is an Amarillo, Texas economist, and is the owner and President of InghamEcon, LLC, an economic analysis and research firm specializing in statewide, regional, and metro area economics, and oil & gas/energy economics. Since 2003, he has served as the Consulting Petroleum Economist for the Texas Alliance of Energy Producers. He is the creator of the Alliance Texas Petro Index, a tool for tracking growth rates and industry cycles in the Texas oil and gas exploration & production sector, as well as the Alliance Texas Permian Basin Petroleum Index. He is a member of the Texas Comptroller's Economic Roundtable, a group of statewide and national economists convened to offer economic insight to the Comptroller in terms of the general condition of the Texas economy and the ongoing revenue outlook. He also co-chairs the Supply and Demand Committee of the Independent Petroleum Association of America (IPAA).

DB-Sep14,2021: With oil demand projected to continue strengthening for the rest of the year and OPEC upping their 2022 demand forecast, Tony Greer of TG Macro joins financial journalist Maggie Lake to analyze the sustainability of oil's ongoing rally. Greer also shares an updated perspective on inflation as the CPI begins to cool off while prices remain elevated as well as on his long Bitcoin position. Learn more about your ad choices. Visit megaphone.fm/adchoices

Markets mixed . . . OPEC predicts rise in global oil demand . . . Disney to release films in theatres first.

Dow, S&P 500 close higher, while Nasdaq slips. Uranium stocks jump amid attention from Reddit's WallStreetBets forum. Airbnb's shares fall on Goldman Sachs "sell" recommendation. Intuit nears $12 billion deal to buy Mailchimp. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Big news: I'm getting my vaccine shot.  I dig into the controversial topic of vaccines on today's show… and explain why COVID isn't going away… ever. It's a frustrating problem, but it's also a great teachable moment about investing.   As economies reopen and we adjust to a “new normal,” there are a lot of opportunities to take advantage of. Listen as I share some of the best risk/reward setups out there right now...  [0:16] I've been bearish on Disney (DIS) for a while now… But a Curzio One member wants to know if my thesis is changing based on the company's new streaming content. [23:47] A member doesn't agree with . He thinks producers can control the market, similar to OPEC and oil. But these sectors are apples and oranges… [28:31] And finally, what profession would I choose if I wasn't building Curzio Research? Don't miss this rant about the jobs that REALLY pay today… and my second passion. [30:55]   Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/     Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ : https://www.curzioresearch.com

Payroll processor ADP said firms added 374,000 jobs in August. . . construction spending rose in July . . . OPEC won't increase production to moderate rising energy prices

That's below the record $65 billion in losses from Hurricane Katrina; OPEC is forecasting increased demand for oil; the Biden administration is expected to announce a plan today to create and sell 100,000 affordable homes - September 1, 2021

Yikes! A video was just released of Hunter Biden talking to a prostitute about his concern over being blackmailed for ANOTHER laptop he has lost. President Biden calls on OPEC to produce more oil, but Texas Gov. Greg Abbott says Texas can help with Biden's oil problem! American Express, of all companies, gave its employees a lesson on the EVILS of capitalism. And lastly, New York Gov. Andrew Cuomo is STILL eligible for a $50,000 annual pension. Today's Sponsors: Backed by 30 years of research, OMEGA XL is a powerful, natural supplement that helps reduce pain due to inflammation while it promotes healthy joints and increased mobility. Order now and get your second bottle free. Visit https://www.omegaxl.com/radio/?utm_source=internal&utm_medium=referral&utm_campaign=news Start securing your email privacy with StartMail! Sign up today, and you'll get 50% off your first year! Go to https://www.startmail.com/en/why/?pk_campaign=why&pk_source=podcast If you're trying to stay fit and healthy, Built Bar is the answer. Go to https://built.com/ and use promo code NEWS15 to save 15% off your next order. Learn more about your ad choices. Visit megaphone.fm/adchoices

Glenn warns that America isn't ruled by the Constitution any more. American Express goes woke with its new CRT-inspired training program. Capitalism is being replaced by the Great Reset. President Biden asks OPEC to boost oil production, but what happened to energy independence? Glenn plays a message from a doctor in Mt. Vernon arguing that the CDC's guidelines are contrary to science. Johns Hopkins professor Dr. Marty Makary joins to argue that the federal government is the biggest driver of vaccine hesitancy. Inflation is much worse than we thought it would be. Glenn reviews the latest numbers. The Great Reset of food will be massive. Glenn explains how we can peacefully push back against the new takeover of America.  Learn more about your ad choices. Visit megaphone.fm/adchoices