Energy Prices (Daily Change)
| Up/Down | Price | Change | |
|---|---|---|---|
| Crude Oil | ↓ | 84.45 | -1.28 |
| Heating Oil | ↑ | 3.3722 | +.0614 |
| RBOB Gasoline | ↓ | 2.4478 | -.0163 |
| Natural Gas | ↓ | 7.717 | -.035 |
All prices updated at end of day using CME settlements.
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As energy prices in general take a breather and headlines out of Europe calm down a bit, one key ingredient in the energy transition is soaring.
+Lithium smashes new record as supply struggles to feed EV growth – Bloomberg
Macro Energy
“The United States could soon overtake Russia as the main crude supplier to the EU and the UK combined – by August, U.S. imports lagged those from Russia by just 40,000 bpd compared with a 1.3 million bpd pre-war average, according to the IEA.”
+How much crude oil does the EU still import from Russia – Reuters
+OPEC+ supply shortfall now stands at 3.5% of global oil demand – Reuters
Macro Economy
+Europe is running out of safe assets – WSJ
+India’s unexpected success story – FT
+Jamie Dimon warns capital rules pose ‘significant economic risk’ – FT
+End of sub-zero: Europe ditches negative rates as inflation surges – FT
Energy Transition
The power sector is the tail that’s waving the economic dog. Learn more about the critical power sector with our Power 101 courses.
+Hertz to buy up to 175,000 EVs from GM – WSJ
+Salesforce launches first of a kind carbon credit marketplace – CarbonCredits.com
+Blackstone preps $6 billion for Canada-to-NYC power line – Bloomberg
