European automakers could be faced with large cuts in car production by as much as 40% each quarter through the end of 2023. Auto forecaster S&P Global Mobility is projecting a worst-case scenario. With the auto industry still recovering from the pandemic and Russia’s invasion on Ukraine, paired with soaring energy costs and power cuts, […]
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The spot natural gas price in New England soared to an average of $20.55 per million British thermal units (MMBtu) in January 2022 as reported by the Algonquin Citygate, the benchmark for natural gas prices in New England and a trading hub. This is the highest average price since February 2014. With a cold start […]
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Yesterday morning, U.K. Prime Minister Boris Johnson imposed a 6-week lockdown in England due to a surge in Covid-19 infections. Lockdown measures are like ones imposed last spring and include the closures of secondary and primary schools. CNN reported, people will be allowed to leave their homes for limited reasons like shopping for essentials, exercise […]
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For the 2021 calendar year, there will be 5.8 million barrels per day crude production cuts. These cuts are an effort to balance the current oversupply due to COVID-19 with an estimated demand forecast for the year.
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Over the weekend, Italy announced that they were planning to quarantine the northern region of Lombardy as they fought to contain the spread of the coronavirus (COVID-19). The government put measures in place, such as fines, to prevent people from entering and leaving the region until at least April 3rd. They also imposed a decree […]
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As we enter the end of our winter season in the Northeast, the mild winter combined with global oversupply fears has caused liquefied natural gas (LNG) prices to plummet and the worst may not be over.
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