🔥From Twitter: The U.S. plans to temporarily allow gasoline with high ethanol content to be sold this summer
The U.S. plans to temporarily allow gasoline...
The U.S. plans to temporarily allow gasoline with high ethanol content to be sold this summer in a bid to tame high fuel prices, administration officials say https://t.co/5b3JU3MK5g
The energy sector is pointing to a higher start and set to recover most...
The energy sector is pointing to a higher start and set to recover most of yesterday’s losses as benchmark crude futures bounced off six-week lows while major equity futures surged higher and treasury yields backed off following key inflation data. The March consumer prices report showed inflation excluding food and energy costs were slightly less than expected, taking some pressure off markets concerned about aggressive interest rate hikes.
WTI and Brent crude oil futures rebounded this morning, gaining amid reports that Shanghai relaxed some of its COVID-19 restrictions which eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia. Shanghai yesterday said that more than 7,000 residential units had been classified as lower-risk areas after reporting no new infections for 14 days and districts have since been announcing which compounds can be opened up.
Chesapeake Energy: Bankruptcy To A Dividend Star With 8%+ Yield
After emerging from bankruptcy earlier in 2021, the once debt-laden Chesapeake Energy...
After emerging from bankruptcy earlier in 2021, the once debt-laden Chesapeake Energy appears to have transformed into a dividend star.
Their cash flow performance was solid during 2021 and when looking ahead into 2022, management expects to roughly double their free cash flow.
Even more excitingly, they stand to make circa $1b of dividend payments and thus provide a high 8%+ yield on current cost whilst also still seeing very strong coverage.
Natural Gas Prices Break Out to Fresh Highs on Strong LNG Demand
Natural gas prices hit a 13-year high, rising 5.5% on Monday, closing up 36 cents at $6.64 after...
Natural gas prices hit a 13-year high, rising 5.5% on Monday, closing up 36 cents at $6.64 after a 10% climb last week. Demand remains strong, but natural gas arrivals at LNG terminals were flat compared to Friday. On Monday, week over week, natural gas arrivals at LNG terminals were 4% higher.
Around the World: Oil opens higher as OPEC warns of tight supply and Russian sanctions loom
(Reuters) - Oil futures rose early on Tuesday, reversing sharp losses from the prior...
(Reuters) - Oil futures rose early on Tuesday, reversing sharp losses from the prior day, as the market weighed the potential for more sanctions on Russia's energy sector and OPEC warned it would be impossible to increase output enough to offset lost supply.
Brent crude futures were up 85 cents, 0.9%, to $99.33 a barrel, and U.S. West Texas Intermediate contracts were up $1.04, or 1.1%, to $95.33 a barrel at 0019 GMT.
Both contracts had settled down around 4% on Monday amid concerns that coronavirus lockdowns in China would dampen demand for fuel and ahead of a massive oil reserve release by International Energy Agency (IEA) members.
