Us oil companies have increased production by 1.2million barrels a day in the past six weeks….
Out of the 6 instruments in the energy commodity asset class, brent ended up ranking 5th for the day in terms of price change relative to the day prior.
Electric cars would lower gasoline price which will make alot of first time drivers in the 3rd world.
You will g to live without heating oil or natural gas.
I have to use propane to supplement my heat pumps precisely bc i don’t have a tube of natural gas running into my house.
It can be recalled that uacn had earlier sent notifications to the nse announcing sales of 75 million shares by blakeney between the months of april and june in an earlier notification sent to the nigerian stock exchange and other stakeholders in february 2019, uac of nigeria plc announced the emergence of three major shareholders with more than 5% stake in the company….
For another vantage point, consider that ethanol’s price has gone down 6 of the previous 10 trading days.
Relative to other instruments in the energy commodity asset class, brent ranked 3rd since the day prior in terms of percentage price change.
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down.
Natural gas outperformed all 6 assets in the energy commodity asset class since the previous day.