20 h. ago European Summer Gas Premium Shrinks on Ukraine Talks and Weather

European natural gas for delivery this summer is finally getting closer to prices for next winter — with the premium inching toward zero — as optimism rises about the supply outlook as well as talks to end the war in Ukraine.

Economics

66 h. ago Mexico Inflation Ticks Higher in Line With Banxico Forecasts

Mexico’s annual inflation accelerated roughly in line with economists’ forecasts in early February, holding near the central bank’s estimates and keeping chances of a sixth straight interest rate cut in play.

Economics

3 d. ago Five Key Charts to Watch in Global Commodity Markets This Week

Subdued oil traders will be looking for clues at a major energy conference in London this week. Gold continues to pour into the US as the market provides arbitrage opportunities. And the price of liquefied natural gas in Europe is showing signs of easing as supply concerns take a step back.

Culture

6 d. ago Cenovus Energy reports Q4 profit and revenue down from year ago

CALGARY – Cenovus Energy Inc. reported its fourth-quarter profit and revenue fell compared with a year ago as it saw lower oil and natural gas prices. The company says it earned $146 million or seven cents per diluted share for the quarter ended Dec. 31, down from $743 million or 32 cents per diluted share […]

Other

8 d. ago French Power Prices Slump To Lowest Since 2021 On Ukraine Talks

European power futures dropped alongside natural gas prices on speculation that US-brokered talks on ending the war in Ukraine could boost energy supplies.

Economics

8 d. ago Inflation ticks back up to 1.9% in January after rise in gas prices

OTTAWA — Canada’s annual inflation rate ticked back up in January to 1.9%, Statistics Canada reported on Tuesday. Prices got a full month-long effect of the federal government’s tax break but a spike in gas prices to start the year offset the government’s relief, with underlying inflation accelerating. The agency reported prices at the pump […]

Economics