IlluMyFi

Germany is building 10 GW in new natural gas generation capacity. It is spending 16 billion euro on this. The news emerged earlier this week and marks a key moment in the EU's transition efforts: an admission that not all is going according to plans. And Germany just booked the highest rate of gas-powered generation in two years last month. Two years ago, after Russian troops entered eastern Ukraine, Germany was quick to pledge that it would give up Russian gas. The Russian side helped bring that plan to fruition by substantially reducing…

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...