JJE News and Press, iPathA Series B Bloomberg Energy Subindex Total Return ETN From 08/02/22

In 2022, extremely elevated gas prices have been impacting the economy, as every product-producing company has seen energy and transportation costs increase, forcing price hikes on the part of businesses simply to keep margins flat. Today, gas prices are still extremely elevated compa...

Last week saw some dramatic moves with TTF futures for European delivery of EU natural gas trading at a weekly high of EUR 228 per megawatt-hour before settling in about 15% off that high. Natural gas is not as fungible as oil. It is true that there is an LNG market, but unfortunately...

EU member states are expected to embark on national campaigns to reduce gas consumption in the household and commercial sectors, to mitigate the impact on the industry. European gas demand curtailment would have major adverse impacts on the industrial sector, particularly the refining...

Saudi Aramco has plans to almost double its fleet, which in the past 10 years has averaged 45 jackups, to 92 contracted jackups by the end of 2023. Between ADNOC Drilling and Advanced Energy Systems, they hold 70% of jackup purchases in 2022. Based on production targets and curren...

Just like last month, I am again lowering my West Texas Oil ((WTI)) forecast for the upcoming month by ten dollars per barrel to range between $90 to $110. While the physical market remains tight, oil may be held in check by the approaching shoulder season and recessionary fears. ...

The largest production decreases came from the GOM, Texas and New Mexico. In the On-shore L48, May production increased by 95 kb/d to 9,542 kb/d. North Dakota’s May output rebounded from the April storm to 1,049 kb/d, an increase of 155 kb/d from April. The slowing of r...

Inventory just keeps falling. US Crude Production remains on a very slow recovery with a headwind from SPR releases. Crude working inventory continues a drawdown which one can interpret as an industry continuing to improve its use of working capital. Inventory just keeps...

Wild price swings caused a $4.427 price range over one month. The range was over three times the June 2020 low. The coming winter season could push prices over the $10 level for the first time in fourteen years. The compelling case for natural gas comes from US energy policy a...

While Europe cut demand for gas by 15%, Russia also lowered flows through Nord Stream 1. Gas prices are now skyrocketing. Both decisions will result in falling demand for gas. The energy crisis will lead Europe into recession - the question is just how bad will it be? Eu...

Since the Russian invasion of Ukraine, there have been increasing questions about the ability of Canada, the world's fourth largest oil producer - and specifically the oil sands - to contribute more oil to the United States and the global market. Market instabilities of the past - bot...