IlluMyFi

Via Metal Miner The Renewables MMI (Monthly Metals Index) slowed its decline and began flattening out. Overall, the index dropped a slight 0.36%, demonstrating sideways price action month-on-month. Most index components, such as silicon and cobalt, experienced minimal downward movement without much price volatility. However, renewable resource news sources also indicated several notable factors that could impact future renewable energy commodity prices, such as renewable energy projects potentially facing funding complications Renewable Resource…

Sentiment

Bearish/Bullish

15.05.24 12:00

by oilprice.com

Consumers Sue U.S. Shale Alleging Collusion to Boost Oil Prices

U.S. shale producers have been preaching and practicing capital discipline since the price crash of 2020 and haven’t deviated from their pledge to focus on shareholder returns instead of oil production growth since then. Some of the biggest independent U.S. shale firms may have started to finally please investors with meaningful returns, but they have angered consumers. Some of these consumers of retail gasoline, diesel, and marine fuels allege that the ‘discipline’ in capital allocation has actually been a collusion to boost...