Oil is threatening to break US$100 again. We also have diesel ‘cracks’ at roaring levels now. Diesel prices are up 40% since May. Refiners — the businesses that buy crude oil and process it — are making a fortune for every drop of diesel they can bring to the market. That gives them every incentive to keep bidding up crude oil while this continues. That’s not a great signal for the economy in general. However, that doesn’t mean you can’t make a buck from this dynamic in the stock market…
Energy News: Latest Developments in the Global Power Sector
There are a significant number of listed energy stocks in Australia. They range from multi-billion-dollar companies like Woodside Petroleum Ltd [ASX:WPL], all the way down to tiny explorers with a part interest in one exploration permit. Energy stocks also include coal miners, as thermal coal is a major source of electricity generation. Uranium stocks are also included in the sector. You can break the companies in the sector down into three parts. They can be producers, developers, or explorers. The larger producers cover the whole spectrum. They usually have a portfolio of producing assets, as well as assets in the development stage and exploration targets.
