This post was originally published on this site(Bloomberg) The White House’s push for releases of oil from national reserves is already fully priced into the market following the drop in crude prices in recent weeks, according to Goldman Sachs Group Inc.The U.S. is likely to sell at least 20 million to 30 millions barrels of crude […]

This post was originally published on this site(Bloomberg)World fertilizer prices continue to soar as tightening supplies send costs up for farmers and consumers across the globe. In India, contract pricing for the nutrient potash skyrocketed 59% to $445 per metric ton, according to Bloomberg’s Green Markets. In Northwest Europe, potash prices rose 1.7%, the most

This post was originally published on this siteNov 20, 2021 (Bloomberg)  Central Appalachia coal prices at a 12-year high could give West Virginia a boost just as President Joe Biden needs to persuade its Senator Joe Manchin to support a $2 trillion tax-and-spending package that includes climate-change measures. Biden’s Build Back Better package now moves

This post was originally published on this siteBy Allison McNeely (Bloomberg) A growing cohort of smaller companies that survived the cold depths of the pandemic say now they’re in danger because the economy is too hot. Mattress sellers, flooring manufacturers and makers of clean energy equipment are warning that stretched supply chains and runaway freight

This post was originally published on this siteNov 19, 2021 (Bloomberg) The spending bill House Democrats passed Friday and sent to the Senate calls for the largest-ever investment in fighting climate change: $555 billion on clean power, electric vehicles and resilience to global warming. The White House has said the bill, which faces an uncertain fate

This post was originally published on this siteNov 19 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row as crude prices rose to a seven-year high last week, prompting some drillers to return to the wellpad. The oil and gas rig count, an early

This post was originally published on this siteNov 19, 2021 (Bloomberg) Reliance Industries Ltd. scrapped a plan announced more than two years ago to sell a 20% stake in its oil-to-chemicals unit to Saudi Arabian Oil Co. as the Indian company focuses on its renewable energy investments. “Due to evolving nature of Reliance’s business portfolio, Reliance

This post was originally published on this siteLONDON, Nov 19 (Reuters) – OPEC+ compliance with oil production cuts stood at 116% in October, up from 115% the previous month, internal data seen by Reuters showed, indicating the group continues to produce less than its agreed targets. Compliance for participating OPEC members in the group rose

This post was originally published on this siteNov 19 (Reuters) – U.S. natural gas producers will face billions of dollars in hedging losses for 2022 as the global energy crunch boosts gas prices to multi-year highs, research by consultancy Rystad Energy showed on Friday. Expectations of strong LNG demand for months boosted U.S. futures to

This post was originally published on this siteSummary Austria to enter full lockdown next week Rising cases in Europe may lead to further restrictions Top economies weighing oil release to ease prices Impact likely to be short-lived, Goldman says LONDON, Nov 19 (Reuters) – Oil prices fell sharply on Friday towards $78 a barrel as