Energies
Monthly Archives: October 2022
Labor Market is still strong, and inflation is to persist
Written on October 10, 2022 at 8:01 am, by Designer
U.S. unemployment unexpectedly fell last month, Friday figures showed, and inflation data due on Thursday is forecast to show headline inflation at a hot 8.1% year-on-year. Policymakers’ preferred core inflation is seen rising to 6.5%. The report showed that the U.S. labor market remained resilient, giving the Fed enough space to keep tightening policy sharplyContinue Reading
All eyes now turn to the U.S. nonfarm payrolls report
Written on October 7, 2022 at 8:44 am, by Designer
All eyes now turn to the U.S. nonfarm payrolls report due later on Friday, with economists forecasting 250,000 jobs to have been added last month, compared with 315,000 in August. U.S. Dollar Index (USDX) The dollar held onto strong overnight gains on Friday, buoyed by hawkish Federal Reserve speakers and as investors looked to aContinue Reading
OPEC+ agreed to cut supply by 2 million barrels per day
Written on October 6, 2022 at 8:18 am, by Designer
OPEC+ agreed to cut supply by 2 million barrels per day (bpd) in order to counter recent weakness in crude prices, defying pressure from the United States to increase supply. But the OPEC+ provided scant details on which of its members would cut supply, and when the cut would be implemented. The cartel also didContinue Reading
OPEC+ is considering its biggest production cut since 2020
Written on October 5, 2022 at 10:49 am, by Designer
OPEC+ is considering its biggest production cut since 2020 as it tries to stabilize oil prices, a move that risks cranking up tensions with Washington. The group is set to discuss a cut to its production limits of as much as 2 million barrels a day, using current baselines, delegates said. Still, in reality theContinue Reading
Dollar is shaking despite the stable market
Written on October 4, 2022 at 8:42 am, by Designer
The U.S. dollar retreated in early European trading Tuesday with risk sentiment on the rise, while sterling retained its recent gains after the U.K. government’s policy U-turn. Traders are beginning to wonder if the slowdown visible in the U.S. and world economies will force the Federal Reserve to adjust its rate-hiking trajectory lower. This hasContinue Reading
OPEC+ are considering adjusting output to increase prices
Written on October 3, 2022 at 8:39 am, by Designer
OPEC+ might consider cutting oil output by more than 1 million barrels a day, which might be the largest since the pandemic. A larger-than-expected reduction would reflect the scale of the producer group’s concern that the global economy is slowing fast in the face of rapidly tightening monetary policy. U.S. Dollar Index (USDX) The U.S.Continue Reading
