Yesterday’s shopping package The market’s focus shifted to Jerome Powell after the US dollar weakened following the ISM service cut last Friday, although he did not touch on monetary policy and rate hikes. Traders took that as a reassuring sign that the US dollar continued to decline on Tuesday, while risk assets continued their bullish … Read more
Germany and the Netherlands have proposed 10 measures the EU could use to cap gas prices and eliminate fuel rationing, including a new price adjustment for liquefied natural gas. The plan, seen by Reuters and shared with other EU countries before the bloc’s energy ministers met on Wednesday, calls for the EU to begin buying … Read more
> US cancels Alaska oil and gas lease sale – “industry demand shortfall” Emon Sheridan Thursday 12/05/2022 | 01 ፡ 50 50 GM-0 12/05/2022 | 01 ፡ 50 50 GM-0 CBS Report The Biden administration has canceled the most high-profile oil and gas lease opportunities pending before the Home Office. The decision restricts access to … Read more