Energy

Oil plunge, tech meltdown and Fed cuts?  Strategist shares possible market "surprises" in 2023

Oil plunge, tech meltdown and Fed cuts? Strategist shares possible market “surprises” in 2023

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for the financial markets, Standard charter outlined a number of potential surprises for 2023 that he says are “undervalued” by the market. Eric Robertson, the bank’s chief research …

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Renewables will overtake coal by early 2025, Energy Agency says

Renewables will overtake coal by early 2025, Energy Agency says

Globally, the growth of renewable energy capacity is expected to double by 2027, adding as much renewable energy in the next five years as in the past two decades, the International Energy Agency announced on Tuesday. ‘energy. Renewables are on track to overtake coal as the main source of electricity generation by early 2025, the …

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Analysis: Russia's G7 oil price ceiling moves from revenue squeeze to market anchor

Analysis: Russia’s G7 oil price ceiling moves from revenue squeeze to market anchor

WASHINGTON, Dec 6 (Reuters) – When U.S. officials first floated the idea of ​​capping Russian oil export prices in response to a planned European embargo in March, they pledged to cut revenue of the Russian war machine, while avoiding a devastating spike in oil prices. But keeping Russian oil on the market and global prices …

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Masks

Lower oil prices on horizon as China enters next phase of Covid crisis | OilPrice.com

Since the late 1990s, China has been the big beast in global oil markets, driving demand for the oil and other commodities it used to fuel double-digit economic growth every year for many years. then high single-digit growth for years. . As recently as 2017, China’s high economic growth rate still allowed it to overtake …

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Texas lawmakers ask state agency to delay power market overhaul until after 2023 legislative session

Texas lawmakers ask state agency to delay power market overhaul until after 2023 legislative session

Sign up for The Brief, our daily newsletter that keeps readers up to date with the most essential news from Texas. In a letter last week and at a committee meeting on Monday, Texas House and Senate lawmakers asked the Public Utilities Commission, which regulates the state’s electricity market, to suspend the planned overhaul of …

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Why Europe is quietly mad about the US climate bill

Why Europe is quietly mad about the US climate bill

Just a few small issues to fix. Photo: Eveleyn Hockstein (Reuters) The landmark Inflation Reduction Act is the largest U.S. contribution yet to meeting global emissions reduction goals. And the American allies are not happy about it. Certainly, they are happy to see that the United States is (finally) spending hundreds of billions of dollars …

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The West has just jammed the oil market.  The rest depends on Russia

The West has just jammed the oil market. The rest depends on Russia

The oil embargo, decided at the end of May, entered into force on Monday in the European Union. It was accompanied by a new price cap for Russian crude set by the G7 countries. This is intended to limit Kremlin revenue while allowing countries like China and India to continue buying Russian oil, provided they …

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BP bets on hydrogen as the fuel of the future

BP bets on hydrogen as the fuel of the future

BP sees rapid growth in low-carbon hydrogen Fuel to qualify for government subsidies CEO Looney to announce hydrogen production targets BP plans major hydrogen project at refinery in Whiting, Indiana LONDON, Dec 5 (Reuters) – BP Chief Executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as governments in major economies pile …

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Cramer talks about some hot industrial stocks and how we play Wall Street's kingpin from tech

Cramer talks about some hot industrial stocks and how we play Wall Street’s kingpin from tech

The market is so obsessed with technology that it cannot see the forest through the industrialists. If the talk isn’t about the cloud slowdown, it’s about who is stepping down from the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor has left Salesforce (CRM). Mark Zuckerberg of Meta Platforms (META) might sneeze …

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Ukraine seeks inglorious antidote to Putin's energy blitz

Ukraine seeks inglorious antidote to Putin’s energy blitz

Ukrainian officials are pushing foreign partners to provide routine but potentially life-saving electricity generators and gas turbines as Kyiv braces for a dark winter of freezing temperatures and continued Russian missile attacks aimed at collapsing the grid national energy and economy. As Moscow’s invasion seems fatally mired in the muddy battlefields of eastern and southern …

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