• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 7 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 6 hours America's pandemic dead deserve accountability after Birx disclosure
  • 1 day Biden about to face first real test. Russia building up military on Ukraine border.
  • 2 days Trump punches back at Fauci and Birx's revisionist history (aka lies)
  • 3 days The coming Cyber Attack
  • 19 hours U.S. and Chinese investors to buy Saudi pipelines , $10 Billion deal.
  • 1 day Create a new law "Postericide" to prosecute and imprison Climate Change "Deniers"
  • 2 days New Chinese Coal Plants Equal All those in U.S.A
  • 3 days Goldman Betting on Cryptocurrencies
  • 12 hours NG spot prices hit triple digits for weekend delivery
  • 5 days New German Study Shocks Electric Cars: “Considerably” Worse For Climate Than Diesel Cars, Up To 25% More CO2
  • 6 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 6 days Forecasts for Natural Gas
Editorial Dept

Editorial Dept

More Info

Premium Content

Shale Productivity Is Reaching Its Limit

1. Gold prices surge

- Gold hit a new high this week, closing over $2,000 per troy ounce for the first time.

- While a specific reason for the latest rally is unclear, it is “probably the expectation of further stimulus measures on the part of governments and central banks that is driving prices ever further up,” Commerzbank wrote in a note.

- The weakening U.S. dollar is boosting gold. “Bond yields are also on a clear downward path, which is likewise lending tailwind to the gold price,” Commerzbank said.

- Some analysts like silver more – silver prices have soared too, and by more in percentage terms – because silver is used in industrial processes and is positioned to see demand rise as industrial activity rebounds. Analysts also see the prospect of a Biden presidency, and the potential for green stimulus, also boosts silver.

2. Mobility plateaus, questioning demand rebound

- Oil prices hit multi-month highs this week, on the back of strong inventory drawdowns.

- But refining margins have been squeezed by the rally in crude, JBC Energy wrote in a note.

- “Our global mobility indicator has trended flat since the second half of July with flare-ups of COVID-19 infections adding to worries, while the recent upside to PMIs largely came with the caveat of additional job cuts,” JBC said.

- “Gasoline demand in the US has so far remained above our initial estimates…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News