JJE News and Press, iPathA Series B Bloomberg Energy Subindex Total Return ETN From 11/03/22

Summary Over the past decade, more than 130 countries have pledged to achieve net-zero emissions by 2050. The current need-based sentiment toward reembracing carbon-based fuels doesn’t mean that the energy transition effort is doomed. We believe there are many potential...

Summary The global economy has been hit by several headwinds, almost all of them leading back to higher inflation. Europe is likely already in recession, the U.S. will enter recession in Q2 2023, while China struggles to make recovery headway. Markets have faced up to the reality ...

Summary It is no surprise that with a retreat of 10-year Treasury yields off the highs of 4.33%, the stock market had a big rebound last week. When it is up to the bond market to decide what happens to stocks, then it is up to Jerome Powell, who will be delivering his FOMC press c...

Summary Virtually all of the Q3 2022 GDP growth was attributable to a lower trade deficit that added 2.77% to GDP growth. Most of that came from higher petroleum exports, due largely to one million barrels per day being released from the SPR. In two to three years, I expect energy...

Summary Russian oil will find its way to the market, one way or another. In looking at oil, we cannot simply look at oil supply and demand; we must also look at the market as a whole. November and December promise to be exciting months, as all recent months have been, in the o...

Summary EIA-914 came out today, and August US oil production came in at 11.975 million b/d. Since August, US oil production is flattish, coming in between 12 and 12.1 million b/d for October. We're likely to finish the year around ~12.15 million b/d or a growth rate of ~600k b...

Summary Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expecting a unanimous vote for one last major rate increase. Inflation has hit double-digits and remains the ECB’s numbe...

Summary Over the past six months, President Biden has drawn down one-third of the U.S. Strategic Petroleum Reserve in an attempt to lower WTI crude prices and ease consumers’ pain at the pump. The SPR is part of a longstanding multilateral agreement between the U.S. and 30 ...

Summary Day ahead European natural gas prices have fallen by as much as 82% this month. Milder weather and the continued filling up of storage have eased immediate supply concerns. However, 2023 will be a tougher year for European gas markets, particularly over the 2023/24 win...

Summary Surging energy prices create uncertainty for EU food producers, although national energy support measures reduce the impact and shield production. Nonetheless, food producers need to reassess their energy strategies because mandatory cuts in energy use can't be ruled out t...