Natural Gas

NRC 2.0: Adapting regulation to a changing nuclear industry

A series of sweeping changes at the US Nuclear Regulatory Commission would alter the agency’s mission to adapt to an evolving US nuclear industry, which is in the grips of a struggle for its economic survival. Ten years ago, what some called a nuclear power “renaissance” was anticipated in th ...

US Delays Rule On Methane Emissions From Federal Lands

The Trump administration will delay an Obama-era rule limiting emissions of the powerful greenhouse gas methane from oil and gas operations on federal and tribal lands, it said Dec. 7, a move slammed by environmentalists. The Bureau of Land Management, an office of the Department of Interior, will o ...

Gold Falls to 4-Month Low as Jobless Claims Dip Lower

Gold has posted sharp losses in the Thursday session. In North American trade, the spot price for an ounce of gold is $1252.92, down 0.84% on the day. It’s been a tough week for gold, which has declined 1.6% and is at its lowest level since August 8. On the release front, unemployment claims dip ...

Yawning China dominates Bitcoin mining with cheap baseload electricity: Canada can help

The value of Bitcoin, which is now well over $CAN 20,000 (it was just over $CAN 8,000 less than a month ago) depends entirely on electrical power: precisely, the power to solve a brute-force computational puzzle faster than everyone else. Does it then follow that whoever owns the power plant owns ...

GBP/USD – Pound Edges Higher on Positive UK Inflation Report

The British pound has posted small gains in the Thursday session. In North American trade, GBP/USD is trading at 1.3413, up 0.15% on the day. On the release front, British Halifax HPI gained 0.5%, beating the estimate of 0.2%.  In the US, unemployment claims dipped to 236 thousand, below the esti ...

USD/JPY – Yen Dips, Japanese GDP Looms

The Japanese yen has posted losses in the Thursday session. In North American trade, USD/JPY is trading at 112.67, up 0.32% on the day. On the release front, unemployment claims dipped to 236 thousand, below the estimate of 239 thousand. In Japan, Final GDP in the third quarter is expected to slow ...

Alaska Oil Lease Sale Attracts Few Bids Despite Vast Territory Offered

An oil and gas lease sale that raised concerns with environmentalists due to the vast amount of acres offered in Arctic Alaska drew few bids on Dec. 6, government officials said. Seven bids were received, covering about 80,000 acres—or less than 1% of the 10.3 million acres offered in the National ...

USD/CAD – Canadian Dollar Slide Continues as BoC Holds Steady

The Canadian dollar has posted losses in the Thursday session. USD/CAD is trading at 1.2832, up 0.36% on the day. On the release front, Canada will release Building Permits and the Ivey PMI. The US publishes unemployment claims, which are expected to tick up to 239 thousand. On Friday, the US publi ...

20/20 on 2020? Looking to the future for shipping

2020: a term that implies clarity of vision.  And the 6th Annual Platts Mediterranean Bunker Fuel Conference held in Athens last week certainly featured numerous speakers seeming to claim 20/20 vision on 2020. Yet by the end of the conference I found my own vision to be distinctly blurry. 2020 ref ...

EUR/USD – Euro Yawns as Eurozone GDP Unchanged

The euro is muted in the Thursday session. Currently, EUR/USD is trading at 1.1781, down 0.12% on the day. On the release front, German Industrial Production declined 1.4%, well off the forecast of a 0.9% gain. Eurozone Revised GDP for the third quarter posted a respectable gain of 0.6%. The US wil ...