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Saturday, April 16, 2022

Interesting energy news from last week

Crude Oil’s 8.8% weekly surge pushed 2022 gains to 42%
Gasoline jumped 8.0% last week (up 52% y-t-d)
Natural Gas spiked 16% last weel (up 96% y-t-d).

April 13
– Reuters:
“Prices for wind and solar power in major global markets have climbed nearly 30% in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report… Contract prices for renewables jumped 28.5% in North America and 27.5% in Europe in the last year, according to a quarterly index by LevelTen Energy…”