Charles Kennedy

Latest articles from Charles

• 4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

  Published 01 February 2023 | viewed 2,134 times

  After delaying a vote on Wednesday due to disagreements among member states, member nations of the European Union are hoping to strike a deal on…

• U.S. Manufacturing PMI Hits Lowest Since May 2020

  Published 01 February 2023 | viewed 1,784 times

  U.S. manufacturing PMI for January has come in at 47.4%, representing the third consecutive contraction of economic activity in the manufacturing sector, with the petroleum…

• Russian Urals Traded At $49.48 in January, But The Kremlin Isn’t Worried

  Published 01 February 2023 | viewed 9,098 times

  Russian Urals crude traded at $49.48 per barrel in January, with rising transportation costs compounding a discount that has seen the country’s flagship crude price…

• China’s Economy Is Bouncing Back As PMI Beats Expectations

  Published 01 February 2023 | viewed 1,317 times

  The much anticipated January reading for China’s purchasing managers’ index has confirmed expectations that Asia’s powerhouse is back into growth mode, beating analyst expectations and…

• RBC: Oil Prices Will Only Go Higher From Here

  Published 31 January 2023 | viewed 11,981 times

  Crude oil prices have found a floor and the only way they can go from here would be higher. That’s according to RBC commodity analysts…

• Texas Breaks Natural Gas Production Record

  Published 30 January 2023 | viewed 11,157 times

  In a new record for the Lone Star State, Texas produced 11.2 trillion cubic feet of natural gas in 2022, with growth expected to trend…

• OPEC+ Closely Watches Chinese Factory Data

  Published 30 January 2023 | viewed 4,120 times

  While all eyes are temporarily on the Federal Reserve’s rate hike plans and a virtual meeting of OPEC+ ministers–both on Wednesday–Chinese factory data will also…

• Putin, MBS Discuss Oil Strategy Ahead Of OPEC+ Meeting

  Published 30 January 2023 | viewed 4,721 times

  Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin discussed OPEC+ cooperation in a Monday phone call, according to various sources, with the…

• Israel Responsible For Drone Attack On Iranian Weapons Factory

  Published 30 January 2023 | viewed 5,536 times

  Israel carried out the drone attack on an ammunition factory in Iran this weekend, The Wall Street Journal reported, citing sources with knowledge of the…

• Oil Prices Set To Climb On Rumors That The Fed Will Stop Hiking Interest Rates

  Published 30 January 2023 | viewed 24,997 times

  Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher due to the generally inverse relationship…

• Why Texas Should Lead The Energy Transition

  Published 30 January 2023 | viewed 1,476 times

  Texas could be a leader in the energy transition to a low-carbon energy system, according to the director of the new University of Houston Energy…

• Baker Hughes Sent Oil And Gas Drilling Equipment To Russia From Scotland

  Published 30 January 2023 | viewed 18,277 times

  Baker Hughes, the multinational oilfield services giant, sent oil and gas drilling equipment to Russia from Scotland despite calls from the Scottish government for businesses…

• Trafigura Ends Oil Export Deal With Kurdistan

  Published 27 January 2023 | viewed 5,412 times

  One of the world’s top commodity traders, Trafigura, is pulling out of a prepayment-for-oil-exports deal with the semi-autonomous region of Kurdistan in Iraq, a source…

• Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

  Published 26 January 2023 | viewed 3,531 times

  Europe is buying more diesel from the United States and Saudi Arabia in preparation of the EU ban on seaborne imports of Russian refined products,…

• Iraqi Supreme Court Ruling May Reignite Kurdish Oil Dispute

  Published 26 January 2023 | viewed 1,794 times

  After promising indications that the Iraqi federal government would ease up on its legislative war with the Kurdistan Regional Government (KRG) over the latter’s unilateral…

• U.S. Natural Gas Prices Crash By 7%

  Published 26 January 2023 | viewed 25,288 times

  U.S. natural gas prices fell below $3 per million British thermal units this week for the first time in two years amid continuing warm weather…

• Chevron To Spend $75 Billion On Share Buybacks

  Published 26 January 2023 | viewed 4,825 times

  Chevron will allocate $75 billion for share repurchases, effective April 1, without an expiration date, the company said, as it declared a quarterly dividend of…

• Russia: Western Heavy Weapons Takes Conflict To “New Level”

  Published 25 January 2023 | viewed 20,130 times

  In an about-face on the provision of Western weapons for Ukraine, and despite warnings from Moscow of a serious escalation, Washington has agreed to supply…

• Hess Earnings Outshine With New Guyana Discovery

  Published 25 January 2023 | viewed 7,212 times

  Fourth-quarter earnings on Wednesday saw Hess Corporation (NYSE:HES) soundly beat Wall Street estimates, with another discovery offshore Guyana playing a significant role in the company’s…

• Phase One Of Sempra’s Port Arthur LNG Project Is Now Fully Subscribed

  Published 25 January 2023 | viewed 3,472 times

  Sempra Energy’s Port Arthur LNG Phase 1 project is now fully subscribed with long-term offtake agreements, following Wednesday's supply deal with Poland for 1 million…