LONDON (Reuters) – Brent futures prices tumbled more than 6 percent on Monday, a highly unusual move that has raised questions about whether shifting fundamentals will send the market even lower over the coming months.
Over the last month, front-month prices have dropped 17 percent, breaking out of the very narrow range that had prevailed since the middle of April.
LONDON (Reuters) – Why is there such good data about oil in the United States but such poor data about everywhere else?
Accurate information is essential for good decision-making, so it is remarkable how little reliable and timely data exists about the production and consumption of crude oil and refined fuels outside the United States.
LONDON, July 7 (Reuters) – Why is there such good data about
oil in the United States but such poor data about everywhere
Accurate information is essential for good decision-making,
so it is remarkable how little reliable and timely data exists
about the production and consumption of crude oil and refined
fuels outside the United States.
LONDON, July 3 (Reuters) – U.S. crude stocks unexpectedly
rose by almost 2.4 million barrels last week, breaking a run of
eight consecutive weekly declines and sending oil prices sharply
But did the market overreact when the stock numbers were
released on Wednesday – misinterpreting normal week-to-week
variability in the data as a fundamental shift in the balance
between supply and demand?
LONDON, July 1 (Reuters) – Benchmark crude oil prices have
barely moved for more than two months, implying the market has
found a temporary equilibrium after the enormous price shock in
the second half of 2014 and early 2015.
Over the last 30 trading days, the range between the highest
and lowest closing prices for front-month Brent futures
has been just $4.50 per barrel.
LONDON, June 30 (Reuters) – In a rare defeat for the U.S.
Environmental Protection Agency, the U.S. Supreme Court ordered
it on Monday to reconsider whether the EPA’s regulations on
mercury and other toxic emissions from power plants are
appropriate and necessary.
While the EPA considered the costs and benefits of various
regulatory options later in the rule-writing process, the court
faulted it for not considering compliance costs at the beginning
to determine whether regulation was appropriate in the first
LONDON, June 29 (Reuters) – “The first shock of a great
earthquake had, just at that period, rent the whole
neighbourhood to its centre,” is how Charles Dickens described
the coming of the railroads to north London.
“Houses were knocked down; streets broken through and
stopped; deep pits and trenches dug in the ground; enormous
heaps of earth and clay thrown up; buildings that were
undermined and shaking, propped by great beams of wood,” Dickens
wrote of the railroad driven through Camden Town to connect
London with Birmingham.
LONDON, June 26 (Reuters) – The initial consumption stimulus
from lower oil prices may be fading, at least in the United
States, according to the latest round of official data on
traffic volumes and fuel sales.
Traffic on California’s highway network was 2.6 percent
higher in May than a year earlier, the state transportation
LONDON (Reuters) – Power grids across North America and Europe have been on high alert all week as two massive solar storms have battered Earth, threatening to disrupt electricity supplies to millions of homes and businesses.
On Monday, PJM Interconnection, which coordinates power to 61 million people across 13 U.S. states and the District of Columbia, alerted generators and transmission companies as the first storm was upgraded from “strong” to “severe” by the U.S. government’s Space Weather Prediction Center (SWPC) in Boulder, Colorado.
LONDON, June 22 (Reuters) – North America’s power grids set
new records for reliability in 2014 despite being tested by
extreme cold during the polar vortex and rising concerns about
physical and cyber attacks on the network.
Over the last year, newspapers have been full of stories
about the threat posed by physical and cyber-attacks on
transformers and power lines, extreme weather and solar storms.