ENERGY

Authored by Paul Steidler via RealClear Wire,

The U.S. electric grid continues to face a bevy of foreign and domestic cyberattack threats. Therefore, it makes more sense than ever before for utilities and transmission operators to aggressively fortify their cyber defenses. In fact, failure to do so is a classic case of being penny wise and pound foolish. 

The evidence includes the following: 

• On November 16, following two days of cybersecurity scenario testing by (more…)

Oil prices are sliding this morning (after yesterday's gains) as traders anxiously await tomorrow's high-stakes OPEC+ meeting (supply), and weighed signs that the Fed is done raising interest rates (demand).

The producer group is expected to set policy for 2024, but has yet to resolve a dispute over output quotas for some African members, according to delegates.

API reported overnight that crude inventories declined (and so did Cushing stocks) for the first time in six (more…)

Oil prices rallied for the first time in five sessions as traders shrugged off early OPEC+ rumors to ramp back to last week's highs.

Which way the oil market breaks will largely depend on if OPEC+ can "show continued unity as a group and commitment to ' stable' (or really 'higher') prices over the long run," analysts at Sevens Report Research wrote in Tuesday's newsletter.

For now, all eyes are on the inventory data for signs of strength after (more…)