The Energy Bulletin Weekly 5 April, 2022
Headlines for the week of March 28-April 3, 2022
Headlines for the week of March 28-April 3, 2022
Vladimir Putin’s ugly war of annihilation in Ukraine has probably ended globalization as we know it, along with our culture’s ignorance of the reality of depleting finite resources.
Energy Bulletin Weekly headlines for 28 March, 2022
We are, in short, living through a moment that may be as politically and economically transformative as the World Wars of the 20th century, though with little likelihood of an outcome anywhere near as desirable as the boom decades of the 1920s or 1950s.
Sudden drops in world oil supplies have a way of focusing the mind. I discuss the abrupt U-turn in American policy toward Venezuela and Iran in this week’s post.
Geopolitics — the relentless struggle for control over foreign lands, ports, cities, mines, railroads, oil fields, and other sources of material and military might — has governed the behavior of major powers for centuries.
No, this war is not (just) about getting Ukraine’s resources. Other political ambitions aside, this one is more about the rest of Europe losing its energy suppliers, together with its political power — and stability.
Prices climbed to a seven-week high as supply constraints from OPEC+ to North America offset concerns about the impact of a Covid-19 outbreak in China.
Prices jumped more than 1% on the first trading day of the new year ahead of an OPEC+ meeting on Tuesday to discuss production policy.
The New York futures exchange was closed on Friday, while London futures slipped towards $76 a barrel in very light holiday trading.
Futures posted a weekly decline after a few volatile days that saw traders grow more concerned about the demand impact from the omicron variant and tighter monetary policy.
Futures saw their biggest weekly gain in more than three months as the worst fears over the new virus strain have receded.