Insights

Enough nickel, lithium for 14 million EVs in 2023 - European climate group

By Reuters - 1 hour ago 1 By Nick Carey (Reuters) - Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, so Europe should secure more raw...

U.S. shale companies top Wall Street estimates, focus on returns

By Reuters - 1 hour ago By Liz Hampton and Arunima Kumar (Reuters) -U.S. shale producers Devon Energy (NYSE:DVN), Diamondback (NASDAQ:FANG) Energy and Coterra Energy on Monday reported sharp increases...

Italy unveils new stimulus plan as economic outlook darkens

By Reuters - 2 hours ago 3 By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy unveiled a hefty package of measures on Monday aimed at shielding firms and families from surging energy costs as the war...

Oil Ends in Just-Positive Territory, Awaiting Fed and OPEC

By Investing.com - 3 hours ago 7 By Barani Krishnan Investing.com -- Crude prices rebounded from $100-lows to settle in just-positive territory on Monday as investors awaited direction from meetings due later in...

Oil settles up on distillate strength, supply concerns

By Reuters - 3 hours ago 19 By Laura Sanicola NEW YORK (Reuters) - Oil prices reversed course to settle in positive territory on Monday on a rally in the diesel market and fears that supply might be crimped...

Gold Hits February Lows on Tremors Over Fed’s Likely 50 bps Hike

By Investing.com - 3 hours ago 3 By Barani Krishnan Investing.com - The Federal Reserve is determined to break the back of the U.S. inflation. Whether it gets to do that or not, it’s certainly breaking the back...

EU prepares Russian oil sanctions, warns against rouble gas payments

By Reuters - 4 hours ago 7 By Kate Abnett BRUSSELS (Reuters) -The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in...

Iran Moves Ahead With $500 Million South Pars Oil Development Deal

By Oilprice.com - 13 minutes ago Iran is moving ahead with a US$500-million contract for the production development and enhanced oil recovery from its strategically vital South Pars Oil Layer signed between the...

U.S. to spend more than $3 billion on EV battery manufacturing -White House

By Reuters - 5 hours ago 5 By Trevor Hunnicutt WASHINGTON (Reuters) - The Biden administration will allocate more than $3 billion in infrastructure funding to finance electric vehicle (EV) battery...

U.S. EPA sends biofuel blending mandate rule to White House for final review

By Reuters - 5 hours ago 6 By Stephanie Kelly NEW YORK (Reuters) - The U.S. Environmental Protection Agency has sent a rule on U.S. biofuel blending mandates to the White House for final review, according...

By Oilprice.com - 2 hours ago The U.S. energy industry has taken its role of savior of Europe seriously. After boosting LNG exports to a record because of Europe’s thirst for energy, oil exports from the U.S....

Finland Cancels Nuclear Deal With Russia Ahead Of NATO Decision

By Oilprice.com - 2 hours ago Finland has canceled its contract with Russian state-owned power giant Rosatom for a new nuclear power plant over the war in Ukraine. Fennovoima, a Finnish-led consortium, said on...

Crude Oil Prices Fall as China PMIs Flag Collapsing Demand

By Investing.com - 8 hours ago 5 By Geoffrey Smith Investing.com -- Crude oil prices fell sharply on Monday in response to fresh data detailing the Chinese economy’s struggles with Covid-19. By 10:25 AM ET (1425...

WTI crude oil futures settle at $105.17

By Forexlive - 4 hours ago The price of WTI crude oil futures retraced the earlier losses and is settling at $105.17. That's up $0.48 or 0.46%. The low price was down at $100.28. While the high price...

Production Declines in Libya And Nigeria Are Hindered OPEC’s April Oil Output

By Oilprice.com - 4 hours ago Force majeure in Libya and under-production in Nigeria have led to a much shorter increase in OPEC production for the month of April than was called for by the cartel’s supply...

Hungary will not approve EU measures that endanger its oil or gas supply foreign minister

By FXEmpire - 5 hours ago BUDAPEST (Reuters) – Hungary will not vote for any measures prepared by the European Union that could endanger the security of its oil or gas supply, Foreign Minister Peter...

EU Consider Exemptions As Hungary Threatens To Veto Russian Oil Ban

By Oilprice.com - 5 hours ago As Hungary threatens to veto a European Union-wide ban on Russian energy products, the bloc is now considering exemptions for Hungary and Slovakia, or a longer timeframe for the...

API Opposed To U.S. Bill Allowing Antitrust Lawsuits Against OPEC

By Oilprice.com - 6 hours ago A bill that would pave the way for the U.S. to sue OPEC members and its allies under antitrust laws could have an unintended negative impact on America’s oil and gas industry, the...

Crude oil snaps back higher. Price moves back above 200/100 hour MAs

By Forexlive - 6 hours ago Crude oil has nearly retraced its earlier decline The price of WTI crude oil futures has quickly snapped back to the upside and has nearly retraced back up to the Asian session...