There has been an acronymtastic set of reports this week from the IEA, IMF, and EIA. So from these nine letters come six charts out of three reports. Alphabetti spaghetti indeed. » read more
Posts Tagged ‘GDP’
As many of you know, the name Summit Energy will officially be no more in the coming months as we move under the banner of Schneider Electric. One of the more immediate opportunities this relationship has presented us with is the chance to participate in the company-wide employee broadcasts.
So it was with interest that I listened to our CEO, JPT (Jean-Pascal Tricoire), explain this week how the Asia Pacific segment of the business has shown slightly negative growth in the first half of the year, as strength in India and South Korea has been more than usurped by headwinds from Japan (whose economy seems to be permanently stagnating) and also…….China. » read more
Hey! And hurray for another Friday. Since the last one, we are seeing natgas in a game of whack-a-mole, as it gets smacked every time it pops its head above the $3 mark. Despite permanently warmer-than-norm conditions and a bullish storage report, the fear of slowing coal-to-gas switching and stonkingly staunch supply are keeping prices in check. Meanwhile, oil prices have rallied on hopes and fears: hopes of further stimulus, and fears of supply disruptions due to escalating tension in the Middle East. From scares and frights to snacks and bites: » read more
You know those people that look at clouds and see shapes (no? oh, ok…), well recently every time I see charts of the latest economic data, I see the Van Halen logo. And it’s not even like I’m a Van Halen fan (I’m way too young, obviously). So to prove I am not one sandwich short of a picnic, here is the evidence – through exhibits 1 to 4 – to affirm my sanity. » read more
Good day, one and all! This week has seen supply stoppages, storage swings, and sovereign scares; and now, the solace of the weekend…phew! The Alaskan pipeline has held a good deal of influence over WTI crude oil this week, while Brent crude (= UK-based price) is knock, knock, knocking on a hundred’s door ($100 that is). Meanwhile, natural gas has taken a John Daly-like swing from a deficit to a triple-digit surplus as comparatively lower storage withdrawals are improving storage fundamentals, and deteriorating prices. A back-loaded end of the week for economic data has brought a mixed bag, with weaker sentiment and retail sales, but stronger industrial production. As is increasingly the case, the headlines have been stolen by China, and their further measures to rein in inflation. Anyhoo, with the weekend in sight, let’s relax and eat some snacks: » read more