(Bloomberg) — Oil rocketed to a fresh seven-year high above $92 a barrel, and almost every indicator is pointing to the rally extending. The market’s structure is trading at its strongest level in years, indicating scarce supply. Diesel — the fuel that helps power the global economy — is also surging as a cold snap […]
Read More(Bloomberg) — Clorox Co. shares fell by the most since 2000, erasing their pandemic-era gains, after the company said it would take “several years” to rebuild margins that have been hammered by higher costs. The maker of disinfectant wipes and cleaning products expects a steeper drop in gross margins this fiscal year, which ends in […]
Read More(Bloomberg) — Inflationary pressures in the U.S. continued to heat up at the start of the year, data are expected to show, likely putting a Federal Reserve interest-rate increase next month on autopilot. The consumer price index probably jumped 7.3% in January from a year ago, the largest annual advance since early 1982, according to […]
Read MoreOutput in the U.S. shale patch is “re-booming” this year, with research and data analysis firm Lium LLC forecasting production will surge by more than 1 million barrels a day. That’s the most bullish industry forecast yet. By comparison, the Energy Information Administration says the U.S. will end the year producing about 630,000 barrels a […]
Read More(Bloomberg) — The U.S. has cemented its position as the world’s top producer of liquefied natural gas after Venture Global LNG began preparing to send its first cargo of the super-chilled fuel and rival Cheniere Energy Inc. expanded service. Venture Global’s $5.8 billion export facility in Louisiana expects to load the inaugural cargo on or […]
Read More(Bloomberg) — Institutional investors are striking back in stocks, upending the brief and kooky reign of the retail day trader. So says veteran market-structure analyst Larry Tabb, citing a panoply of evidence including volume on legacy venues like the New York Stock Exchange as well as the quickly swelling value of shares changing hands each […]
Read MorePermian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, Devonian, and Waddell fields located in Crane County, Texas. PBT $13.7700 0.5500 % 4.1600 Permian […]
Read MoreConsolidated Edison, Inc. (ED) Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and […]
Read MorePresident Joe Biden speaking about the January jobs report. Saul Loeb/AFP/Getty Images Good news for Main Street, not so good news for Wall Street. Once again, a booming labor market is likely to translate to losses in bonds and stocks as the Fed and other major central banks remove the extraordinary stimulus enacted in response […]
Read More(Bloomberg) — “Massive” U.S. government stimulus is one reason why Europe is on a less aggressive monetary-policy course than the Federal Reserve, according to European Central Bank President Christine Lagarde. “Demand here in the euro area is pretty much back to where it was pre-Covid. In the U.S., it’s 30% up,” Lagarde told a news […]
Read MoreCoal may be losing market share as a major energy source in some parts of the world, but the death knell for the industry hasn’t sounded yet, and might not for decades. Thermal coal which is used for power generation, is a “declining commodity,” admits James Stevenson, the research lead for coal, metals, and mining […]
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