EU – Page 6 – NATURALDEPOSIT

Oil Tanker Rates in Europe Have Increased Nearly Sixfold According to EIA

The Energy Information Administration (EIA) reports that rates for oil tankers from Europe increased almost sixfold in April. The reasons are geopolitical unrest, which is also related to the war between Ukraine and Russia. Added to this are the sanctions imposed on Russia and the rising prices of marine fuels, also known as bunker oil. […]

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Rising Oil Prices Support Oil Equities – Russian Oil Production Slowdown and Weak OPEC Oil Production Could Mean Further Boost

Markets

The recent rise in oil prices is also due to the EU Commission’s proposal to impose an embargo on Russian crude oil and refined products, following the example of the US. It also wants to give EU member states that are heavily dependent on Russian oil, such as Hungary, Slovakia, and the Czech Republic, more

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OPEC – Big Promises, Small Deliveries

Markets

As reported by the International Energy Agency in its April 2022 Oil Market Report, oil production by OPEC countries increased by only 40,000 barrels per day in March, well below the 400,000 barrels per day promised. This is also far below the target of 1.5 million barrels per day. As reported by Reuters, Saudi Arabia

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Europe Imports Crude Oil from the UAE for the First Time in Two Years

Markets

France’s Total Energy has leased a tanker that will transport crude oil from the United Arab Emirates (UAE) to Europe in early May. This is the first crude oil shipment from the UAE to Europe in two years, after Italy last imported crude oil from the UAE in May 2020. Europe’s look at Middle Eastern

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roll of american dollar banknotes tightened with band

Why the Fed Rate Hike May Not Stop Inflation

News, Opinion

Federal Reserve (Fed) Chairman Jerome Powell reiterated the Fed’s position on interest rates in his speech at an IMF-sponsored seminar Thursday (April 21, 2022). The Fed sees inflation running away and wants to use its tools to stop it. “Getting inflation back to the 2% goal,” adding, “Inflation is really a global problem [but the U.S. has

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The Two Things Investors Should Keep an Eye On

News, Opinion

These are certainly special times we are experiencing at the moment, from the virus pandemic, new all-time highs in the stock markets, commodity boom to the war in Ukraine. Investors are certainly thinking about how best to position themselves in such times, but one should by no means lose sight of the current circumstances when

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Car Sales in Europe Declined for the Ninth Month in a Row in March Due to Supply Chain Problems

Markets

The Association of European Automobile Manufacturers (ACEA) announced today that new car registrations in Europe fell for the ninth consecutive month in March as supply chain problems intensified and the war between Ukraine and Russia weighed on the European auto industry. According to ACEA, the number of new cars registered in the EU, the United

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Measures Have Been Taken, But Oil Prices Remain in Triple Digits

Markets

In recent weeks, a number of measures have been taken to bring oil prices down again and counter rising inflation. The International Energy Agency (IEA) and its member states have agreed to once again release strategic oil reserves onto the world market in order to increase supply and thus lower oil prices somewhat. This time,

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Natural Gas Rises Above $7

Markets

The price of natural gas (Henry Hub) has risen to over $7, a price last recorded in 2008. Year on year, the price has already risen by over 92% and currently stands at $7,189. Russia, which is currently facing heavy sanctions from the West, is having a hard time because exports have declined, according to

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ECB Maintains 0.00% Interest Rate Policy

News

The ECB published its interest rate decision today and unsurprisingly left interest rates at 0.00%. The decision could not offer any surprise, as analysts had already anticipated the rest of the current monetary policy. The deposit facility rate remains at -0.50% and the ECB’s marginal lending facility remains at 0.25%. On the economic side, the

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