Energy Prices (Daily Change)
| Up/Down | Price | Change | |
|---|---|---|---|
| Crude Oil | ↑ | 77.24 | +.96 |
| Heating Oil | ↓ | 3.2154 | -.0237 |
| RBOB Gasoline | ↑ | 2.3306 | +.0024 |
| Natural Gas | ↓ | 6.712 | -.312 |
All prices updated at end of day using CME settlements.
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Macro Energy
“The potential unraveling of the old order in the global oil market will reach a defining moment over the next week when Europe starts to block Russian seaborne crude from the continent — one of the strongest responses yet to Vladimir Putin’s brutal invasion of Ukraine.
The new sanctions will also stop European companies from insuring vessels carrying Russian oil to third countries — unless those countries accept a price for the oil dictated by western powers. In other words, western countries will attempt to impose a cap on the price of oil sold by Russia.”
+The week that could unravel the global oil market – FT
Macro Economy
+Dow falls nearly 500 points amid China protests – WSJ
+Fed’s Williams says inflation fight could last into 2024 – WSJ
Energy Transition
+Shell to buy biogas producer in $2 billion deal – WSJ
+ESG regulatory divide poses challenges for asset managers – WSJ
+COP27 delegates rubbed shoulders with energy executives ready to cut deals – FT
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