The OPEC narrative for 2022 was largely about the realities of supply and demand against the backdrop of a post-pandemic war that sparked sanctions and a European energy crisis with the counterweight of a Chinese covid crisis. From the Saudi standpoint, OPEC’s move to cut production by 2 million barrels per day in November last year - while highly controversial in Washington - served to stabilize the market. From the U.S. standpoint, it was all about politics, at a time when the Biden administration had been doing everything in its…
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Producer price index. EU, 12:00 (GMT+2)
At 12:00 (GMT+2) the December data on producer price index in the EU will be published. The indicator reflects the change in the price of goods at the wholesale level (raw materials, semi-finished products and final goods are taken into account). Highe...
The EU’s Response To Biden’s Inflation Reduction Act Is Finally Here
The EU's Response To Biden's Inflation Reduction Act Is Finally Here
Authored by Felicity Bradstock via OilPrice.com,
Following the passing of the Inflation Reduction Act in the U.S., pressure grew on the EU to introduce its own legisla...
Service PMI. UK, 11:30 (GMT+2)
At 11:30 (GMT+2), the January index of business activity in the UK services sector will be published, which is calculated on the basis of a survey of supply managers of non-manufacturing enterprises in the country, while assessing the attitude of respo...
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Producer price index. EU, 12:00 (GMT+2)
At 12:00 (GMT+2) the December data on producer price index in the EU will be published. The indicator reflects the change in the price of goods at the wholesale level (raw materials, semi-finished products and final goods are taken into account). Highe...
The EU’s Response To Biden’s Inflation Reduction Act Is Finally Here
The EU's Response To Biden's Inflation Reduction Act Is Finally Here
Authored by Felicity Bradstock via OilPrice.com,
Following the passing of the Inflation Reduction Act in the U.S., pressure grew on the EU to introduce its own legisla...
Service PMI. UK, 11:30 (GMT+2)
At 11:30 (GMT+2), the January index of business activity in the UK services sector will be published, which is calculated on the basis of a survey of supply managers of non-manufacturing enterprises in the country, while assessing the attitude of respo...
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