9 hours U.S. Energy Production Saw Steepest Drop On Record In 2020 10 hours U.S. And Iran Make Progress On Nuclear Deal Talks 12 hours Norway s Oil Industry Averts Strike With New Wage Deal 13 hours Higher Oil Prices Spur Brazil To Sell More Assets 1 day 80% Of U.S. Coal Plants Are Uneconomic As Renewables Costs Drop 1 day Saudi Arabia Could Slash Deficit To Below 5% Of GDP At $60 Oil 1 day Biden Could Subsidize Nuclear Power To Reach U.S. Climate Goals 1 day Environmentalists: BlackRock’s Exxon Vote Is Moment Of Truth 2 days New Mexico’s Oil And Gas Royalties Hit Record 2 days Iran Takes Drastic Measures To Conserve Electricity In Tehran
1 day UN Chief Urges Banks to Halt Fossil Fuel Infrastructure Financing 1 day New Mexico Proposes Tougher Emission Rules For Oil & Gas 1 day Grid Operator Unwittingly Shut Down Natural Gas During Texas Freeze 1 day China’s Natural Gas Imports Surge As Economy Recovers 1 day India Ramps Up Oil Imports From Saudi Arabia After Price Cut 2 days ERCOT Expects Record Power Demand In Texas This Summer 2 days U.S. Energy Production Saw Steepest Drop On Record In 2020 2 days U.S. And Iran Make Progress On Nuclear Deal Talks 2 days Norway s Oil Industry Averts Strike With New Wage Deal 2 days Higher Oil Prices Spur Brazil To Sell More Assets
US jobs figures fall far short of expectations, ECRI s WLI growth rate marginally improves (SPY +0.7%). DOW and SP 500 record new historic highs.
The Market in Perspective
Here are the headlines moving the markets.
New Mexico Proposes Tougher Emission Rules For Oil & Gas Oil and gas companies in New Mexico may be in for a rude awakening, with a new law that would disallow any oil and gas company exemptions for reducing emissions. The New Mexico Environment Department (NMED) proposes a new rule that would improve air quality by removing all current exemptions for oil and gas wells and enact stricter emissions standards for the oil and gas industry. The new proposed ozone rule, unveiled by the NMED this week, targets to reduce emissions of ozone precursor pollutantsvolatile organic compounds and oxides of
Nasdaq explodes higher, gold gains, dollar and bond yields crash after dismal jobs data (SPY +0.4%). April payrolls huge miss: just 266k jobs added on expectations of 1 million.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Why Exxon And Chevron Are Not Going All-Out In The Permian The U.S. oil supermajors are leading by example what shale drilling discipline should look like. Neither ExxonMobil nor Chevron are rushing to boost production in the biggest American shale play, the Permian, despite the oil price rally this year that has sent WTI prices to above $60 per barrel. The two biggest U.S. oil corporations are now prioritizing debt reduction and increased cash flows to pay down the excess debt they had accumulated last year when oil prices crashed. T
1 hour WoodMac: Asia Needs To Invest More In Gas To Lower Emissions 2 hours Venezuela Imports First Diesel Cargo In Six Months 4 hours China Increases Oversight On Crude Import Of Oil Majors 5 hours Senators Propose Pro-Nuclear Tax Amendment 21 hours Activist Investor Wins Exxon Board Seats In Day Of Reckoning For Big Oil 22 hours Norway s Oil Industry Boosts Investment Despite IEA Report 23 hours Dutch Court Orders Shell To Slash Emissions In Historic Climate Case 1 day Iran Bans Crypto Mining During Hot Summer Months 1 day Nissan May Build Huge Battery Plant In The UK 1 day Ford Confirms That 4 Out Of 10 Cars It Sells In 2030 Will Be Electric