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☆ Inflation struggles, China's Covid: What to watch for in the economy in 2023
▼ + stars: | 2022-12-31 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +8 min

But economists and CEOs warn the economy will remain on shaky ground in 2023, which could mean another turbulent year for consumers. After months of strict lockdowns that caused rolling disruptions to supply chains and greatly stifled demand from Chinese consumers, China began lifting its Covid restrictions in recent weeks. “The most important thing for 2023 is by far China’s Covid policy,” Dan Klein, the head of energy pathways at S&P Global Commodity Insights. Covid infections have continued to shut down factories around the world, aggravated by China’s loosening of Covid restrictions. In the meantime, with demand outstripping supply, car prices are up by nearly 24% over the past two years.

☆ Goldman Sachs names 4 inflation-busting high-dividend stocks for next year
▼ + stars: | 2022-12-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Given some analysts' expectations of steep declines in share prices next year, Goldman Sachs has put together a basket of high-dividend stocks that could help investors hide from any potential carnage. Goldman Sachs analysts said that only companies making "sustainable" dividend payouts are included in their list. Goldman expects Madrid-headquartered Banco Bilbao Vizcaya Argentaria to increase its dividends to 8.2% next year from its current 6.48%. The median analyst price target on the stock also gives it 30% upside from current levels, according to FactSet. Along with a big dividend, the median analyst price target gives the stock 22% upside from current levels, Factset data shows.

REUTERS/Dinuka Liyanawatte/File PhotoDec 13 (Reuters) - For the energy industry, 2022 will be remembered as the year Russia's invasion of Ukraine accelerated a global energy crisis. The world's top energy companies beat a hasty retreat from Russia and wrote off tens of billions of dollars in assets. WHY IT MATTERSRussia's invasion of Ukraine caused European countries to re-evaluate their relationship with that nation, long the continent's primary supplier of natural gas. "We are seeing nothing less than the termination of a successful 50-year partnership on gas between Russia and Europe," said Michael Stoppard, special adviser and global gas analyst at S&P Global Commodity Insights. As the year comes to a close, costs for natural gas and heating fuel have ebbed as economic activity declines.

☆ OPEC+ may have wanted to avoid geopolitical fight with the U.S, S&P Global editor says
▼ + stars: | 2022-12-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC+ may have wanted to avoid geopolitical fight with the U.S, S&P Global editor saysHerman Wang, managing editor at S&P Global Commodity Insights, discusses the decision from OPEC and non-OPEC producers to stick to its existing oil production policy.

☆ Another OPEC? Indonesia wants to create a cartel for battery metals
▼ + stars: | 2022-12-05 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

The nickel market is also structured very differently than the market for crude oil, with private firms rather than national companies running the show. The country now accounts for more than 38% of global refined nickel supply, according to data from market intelligence firm CRU Group. People who track the nickel market are skeptical such an arrangement is workable. But other countries that have direct access to battery metals and other important minerals also want a say. “The metals market and its importance to the energy transition is something we’re all waking up to and adapting to how it’s going to work in practice,” Bronze said.

There are signs, however, that LNG demand is ticking higher ahead of winter, with commodity analysts Kpler estimating November imports in both Asia and Europe to rise. LNG imports by Asia, Europe vs JKM priceEUROPE BUYING AGAINEurope's imports are expected to reach 11.49 million tonnes in November, which would be the second-highest in Kpler's records behind the 11.55 million tonnes in January. Europe's LNG imports were 10.13 million tonnes in October, which was the first time since May they had exceeded 10 million tonnes in a month. The United States remains Europe's biggest supplier, with imports of 4.66 million tonnes expected in November, up from 4.17 million in October. Europe's imports of Russian LNG are continuing, with arrivals of 1.32 million tonnes in November, up from 1.05 million in October.

☆ Fraying U.S.-China relations could have huge implications for Earth
▼ + stars: | 2022-11-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Xinhua News Agency | Xinhua News Agency | Getty ImagesSHARM EL-SHEIKH, Egypt — Fraying diplomatic tensions between the U.S. and China are a big concern at the COP27 climate summit. However, many fear tensions between Washington and Beijing could make climate cooperation at COP27 extremely difficult. We say it is just on climate change, but we know that climate change is really at the center of everything in society." Biden is expected to join a 16-member delegation of senior officials at COP27 later this week to "advance the global climate fight." "And there is no solution to the problem of climate change without China, without Russia, without India, without … large economies being at the table," Kerry said.

☆ S&P Global on metrics of success by which COP27 should be measured
▼ + stars: | 2022-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P Global on COP27: There should be a 'careful' look at specific measures that demonstrate progressCarlos Pascual, senior vice president for global energy and international affairs at S&P Global Commodity Insights, discusses the metrics by which the success of COP27 should be measured.

Last winter, the spot price peaked at $48.30 per mmBtu, in late December, before dropping to $23 by late January. What the term structure is signalling is that LNG demand may be fairly constant over the year, rather than rising and dropping with the change in seasons. LNG imports by Asia, Europe vs JKM priceFLOWS EVEN OUTCertainly, the flows data appears to be supporting the view of steady demand in both Asia and Europe. Total Asian imports were 20.61 million tonnes in October, little changed from September's 20.25 million, according to data compiled by Refinitiv. It's also worth noting that October's imports were down 6.3% from the 22 million tonnes from the same month last year.

☆ China’s Battery Champion CATL Keeps Powering Up
▼ + stars: | 2022-10-21 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

The world’s largest maker of electric-vehicle batteries is driving at full speed. Securing stable supplies of critical raw materials—while managing an increasingly fraught overseas expansion—is the key challenge ahead. China’s Contemporary Amperex Technology, or CATL, said earlier this month that its net profit for the quarter ending in September was almost triple that of a year earlier. Full results won’t be out until Saturday, but revenue likely also surged while margins probably improved from last quarter—though materials costs, particularly for battery metals, are a headache for all makers. Prices for lithium carbonate in China, for example, have almost tripled from a year ago, according to S&P Global Commodity Insights.

NEW YORK, Oct 19 (Reuters) - U.S. spot crude prices could weaken as the Biden Administration follows through with its plan to sell more barrels from emergency oil reserve by year end, market participants said. Certain oil refineries prefer certain grades of crude, so the mix of barrels sold out of the Strategic Petroleum Reserve (SPR) could have a knock-on effect on the U.S. and global refining market. The SPR barrels have ended up selling at a discount to West Texas Intermediate barrels for delivery at the Magellan East Houston terminal, as demand has increased for sour barrels to make lucrative diesel, Rathod said. The sour market has also been under pressure, due to increased supplies of Canadian heavy sour and lackluster export demand, said Elizabeth Brown at S&P Global Commodity Insights. Additional barrels of sour grades from the SPR could further weigh on prices.

Refiners, insurers, shippers and traders would be able to deal in Russian crude and products if they adhere to the price cap and its associated compliance measures. For argument's sake let's assume a Brent price of $80 by December when the ban comes into effect, and a price cap for Russian crude of $60. However, the United States and Europe may actually not mind cheating on the price cap, depending on how the money is split up. More tankers will be required to ship Russian crude given an increase in voyage times if the crude and products go to Asia rather than Europe. The oil industry would likely prefer that Europe and the United States don't place restrictions on Russian crude, but this currently isn't an option from a political perspective.

☆ Brazil to export record volume of ethanol to Europe this year -S&P Global
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

This year through August, Brazil shipped about 427 million liters of ethanol to Europe, 435% above the figures from the same period in 2021. By the end of 2022, the South American country is expected to export 600 million liters of the biofuel to Europe, said S&P. Brazil's previous record was set in 2010, when it exported 477 million liters to the continent. Raizen (RAIZ4.SA) is Brazil's largest producer of ethanol from sugar cane and a joint venture between Shell (SHEL.L) and Cosan SA (CSAN3.SA). Register now for FREE unlimited access to Reuters.com RegisterReporting by Rafaella Barros; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Rail Shippers Brace for Potential National Strike
▼ + stars: | 2022-09-14 | by ( Paul Berger | ) www.wsj.com time to read: +6 min

Companies from food suppliers in the Midwest to retail importers across the U.S. are bracing for a potential national rail strike by seeking alternative transport to keep their supply chains running. Tens of thousands of American workers are on strike and thousands more are attempting to unionize. “We believe the potential for a rail work stoppage is growing,” Citi’s Christian Wetherbee wrote in a research note Wednesday. Other shippers will have to hold on to cargo if the rail network shuts down. U.S. railroads hauled more than 18,000 carloads of grains over the past week, according to the Association of American Railroads.

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