(Bloomberg) The inability of some OPEC+ members to increase oil output is forcing the cartel to settle for a larger crude supply deficit. Countries that include Nigeria, Angola, and Azerbaijan…
(EIA) The US recorded 427.0 million barrels of crude inventories in the week that ended October 8, up by 6.1 million barrels from the previous week. The inventories are now…
(IHS Markit) Markit material price index was up 2.3% last week, taking total commodity price gains 50% from last year due to rising energy costs. Coal, natural gas, and oil…
(Halifax) House prices in the UK increased by 1.7% or £4,400 to £267,587 in September from August, the strongest pace since February 2007. On a year over year basis, housing…
(EIA) The US reported an average of 15.7 million barrels per day of crude oil refinery inputs in the week that ended October 1, up 330,000 bpd from the previous…
(OPEC) OPEC+ members have agreed to stick with a scheduled 400,000 barrel-a-day supply hike for November. The news pushed West Texas Intermediate crude up by about 2.4% to $77.68 a…
(Bloomberg) Analysts are warning that persistent silicon metal shortage could keep prices elevated through summer, with the prices now up 300% in under two months. Fig: Silicon Metal Prices China…
(Bloomberg) The cost of solar power is set to rise following energy shortages in China that have caused a 300% jump in prices of silicon metal used in solar equipment…
(EIA) The total crude refinery inputs in the US in the week that ended September 24 was 15.4 million barrels per day, up by 67,000 bpd from the previous week.…
(OPEC) The new long positions on combined futures and options in Brent crude stood at 273,894 lots in the week ending August 31, after a fall of 12.1% or 37,765…
(MarketWatch) Goldman Sachs strategists expect oil to hit $90, a higher projection from the previous $80 on supply issues caused by Hurricane Ida. Predictions by Goldman come as oil demand…
(Financial Times) Nippon Gases is warning that the shortage of carbon dioxide in the UK, which has affected companies in the healthcare and food industries, is likely to spill to…