Oil Prices Trending Lower Amid Concerns Of A Slowing Global Economy

Credit: Maxim Hopman/Unsplash

Energy stocks are set to open lower as falling oil prices continue to weigh in on the sector. The major market futures are higher ahead of the release of notes from the most recent Federal Reserve Meeting in hopes the Fed will ease their stance on aggressive interest rates, reports Nasdaq.

Impact of COVID cases in China

WTI and Brent crude oil futures continue to trend lower, after slumping in the previous session, amid concerns over weak demand due to a slowing...

https://mfame.guru/oil-prices-trending-lower-amid-concerns-of-a-slowing-global-economy/

Venture Global and Japan’s Inpex Signed A Long-Term LNG Supply Agreement

Credits: Alvarez/Unsplash

A long-term liquefied natural gas supply agreement was inked by US LNG exporter Venture Global LNG and Japan’s Inpex, as reported by LNG Prime.

Stable supply of energy

According to a statement from Inpex, the agreement calls for the company’s subsidiary Inpex Energy Trading Singapore to purchase one million tonnes of LNG annually on a FOB basis from Venture Global’s CP2 LNG over the course of 20 years.

“This agreement will enable the Inpex Group to procure LNG from the...

https://mfame.guru/venture-global-and-japans-inpex-signed-a-long-term-lng-supply-agreement/

Winter Natgas Prices Will Be Up From Recent Years

Even if domestic gas production grows faster than domestic demand, “forecasts anticipate that continued growth in net exports, including from liquefied natural gas (LNG) export facilities, will place additional pressure on natural gas prices this winter,” the agency said, reports Energy World.

Natural gas prices

Natural gas prices at major US trading hubs for the upcoming winter are expected to remain higher than in recent years, the Federal Energy Regulatory Commission (FERC) said on Thursday.

Eve...

https://mfame.guru/winter-natgas-prices-will-be-up-from-recent-years/

Natural Gas Prices Across The Cash And Futures Markets Drops

  • Supply-demand model shows 134 Bcf build for Oct 7 week
  • Build to be largest on record, reducing storage deficit

US natural gas prices across the cash and futures markets dropped in Oct. 7 trading amid looser supply-demand dynamics that have put US gas storage on track to potentially see the largest weekly injection on record, reports SP Global.

Downward pricing momentum

Cash Henry Hub fell 67.50 cents to $6.23/MMBtu at preliminary settlement, pricing data from S&P Global Commodity Insights...

https://mfame.guru/natural-gas-prices-across-the-cash-and-futures-markets-drops/

Daimler Truck boosts electric truck range with new battery chemistry

Graphics infused eActros long haul truck from Mercedes-Benz Trucks in Europe.

HANNOVER, Germany — Daimler Truck is changing battery chemistry for its future long-haul electric trucks to boost driving range beyond 300 miles on a single charge while eliminating the use of cobalt and nickel.

The world’s largest truck maker showed its eActros long-haul electric truck for the first time Sunday evening before the opening of the IAA Transportation 2022 show.

Rather than the commonly used lithium-ion chemistry, the eActros long-haul truck will use lithium-iron phosphate (LFP),...

https://www.freightwaves.com/news/daimler-truck-boosts-electric-truck-range-with-new-battery-chemistry

The state of sustainability in transportation — Net-Zero Carbon

The logo for FreightWaves’ Net-Zero Carbon show has green trees with a black background.

On this episode of Net-Zero Carbon, Danny Gomez, managing director of financial and emerging markets at FreightWaves, and Lynn Lyon, director of business development and sustainable transportation at sustainable-energy solutions company U.S. Gain, discuss how the transportation industry is reducing emissions. 

Lyon says transition fuels, partnerships and data are key in the journey to net-zero. Companies large and small are realizing that sustainability is here to stay.

“I think there’s an...

https://www.freightwaves.com/news/the-state-of-sustainability-in-transportation-net-zero-carbon