The European energy crisis will cost at least $276 billion.This infographic shows allocated spending by country amid historic gas prices.
— Read on elements.visualcapitalist.com/what-is-the-cost-of-europes-energy-crisis/
Tag: Oil
OPEC+ supply cuts loom over already tight oil market
OPEC+ producers look set to cut output when they meet on Wednesday, squeezing supply in an oil market that energy company executives and analysts say is already tight due to healthy demand, lack of investment and supply problems. The potential OPEC+ cut could spur a recovery in oil prices which have dropped to about $90 from $120 just three months ago due to fears of a global economic recession, rising U.S. interest rates and a stronger dollar. OPEC+, which includes Saudi Arabia and Russia, surprised the market by suggesting output cuts in excess of one million barrels per day (bpd), sources from the group have said.
— Read on ca.finance.yahoo.com/news/opec-supply-cuts-loom-over-132513275.html
The Largest Oil and Gas Companies in the World
Oil still makes up the largest share of the global energy mix. Here are the largest oil and gas companies by market cap in 2021.
— Read on elements.visualcapitalist.com/the-largest-oil-and-gas-companies-in-the-world/
Visualizing the World’s Largest Oil Producers
Global oil production averaged 89.8 million barrels of oil per day in 2021. Here are the world’s largest oil producers.
— Read on elements.visualcapitalist.com/largest-oil-producers/
The History of Energy Transitions
The current energy transition is unprecedented in both scale and speed. This infographic puts it into historical context.
— Read on elements.visualcapitalist.com/the-history-of-energy-transitions/
Commodity prices to stay elevated through 2024, World Bank says – BNN Bloomberg
Commodity prices to stay elevated through 2024, World Bank says – BNN Bloomberg
— Read on www.bnnbloomberg.ca/commodity-prices-to-stay-elevated-through-2024-world-bank-says-1.1757090
Oil Rises for Sixth Week as Growing Chorus Predicts $100 Price
(Bloomberg) — Oil posted its sixth straight weekly gain, with prices trading near a seven-year high as crude makes a roaring start to 2022. Most Read from BloombergStocks Roar Back With Best Day Since June 2020: Markets WrapWall Street Briefed by Biden Team on Possible Russia SanctionsBoeing Is Set to Launch Its First New Jet in Nearly Five Years With 50-Plane Qatar DealApple to Rival Square by Turning iPhones Into Payment TerminalsCrypto Secrecy Makes DeFi a Financial Felon’s WonderlandWest Te
— Read on ca.finance.yahoo.com/news/oil-rally-gathers-pace-wti-235638148.html
Oil Drops From Seven-Year High After Fed Flags Tighter Policy
(Bloomberg) — Oil fell from a seven-year high after the U.S. Federal Reserve signaled that it would soon start raising interest rates to quell inflation, denting investors’ appetite for risk assets including commodities.Most Read from BloombergPowell Backs March Liftoff, Won’t Rule Out Hike Every MeetingA Nor’easter Approaching New York Risks Becoming a Bomb CycloneStocks Halt Rally as Bond Yields Spike After Fed: Markets WrapAstronomers Spot Never-Before Seen Object at 4,000 Light-Years AwaySc
— Read on ca.finance.yahoo.com/news/oil-drops-seven-high-fed-032759892.html
Global oil benchmark tops $90 for the first time since 2014
Oil prices are at their highest level in more than seven years, adding to inflationary pressures seen across the economy.
— Read on www.cnbc.com/2022/01/26/global-oil-benchmark-tops-90-for-the-first-time-since-2014.html
Oil could hit US$100 by end of this year: Ninepoint’s Nuttall – BNN Bloomberg
Oil could hit US$100 by end of this year: Ninepoint’s Nuttall – BNN Bloomberg
— Read on www.bnnbloomberg.ca/oil-could-hit-us-100-by-end-of-this-year-ninepoint-s-nuttall-1.1706214