Last week saw markets raise their hopes of a Federal Reserve pivot to looser policy, only to have the dream dashed by a strong jobs report and string of policy makers saying interest rates must move h...
Tag: Energy
U.S. should pump more oil to avert war-level energy crisis: JPMorgan’s Jamie Dimon
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
Solana Strides Ahead of its Peers in Energy Preservation — Report ⋆ ZyCrypto
Advertisement     According to a report published by Solana, the overall carbon footprint has surged by 26% in the last six months. Unsurprisingly, the analysis shows ...
$28 Billion In New Clean Energy Manufacturing Investments Announced Since Inflation Reduction Act Passed
The Inflation Reduction Act is the most important climate legislation in United States history, but will it actually generate private investment in new manufacturing? In a word, absolutely. Roughly $2...
China’s new energy vehicle (NEV) sales set new record up nearly 90% YoY
China’s wholesale of new energy passenger vehicles (NEV) continued its growth trajectory in September despite the country facing potential systemic economic risks. Namely, China Passenger Car Associa...
Venezuela’s U.S. Creditors Take Small Comfort From Sanctions Relief
Venezuela’s creditors welcomed its potential rapprochement with the U.S. but still face risks and uncertainties in collecting from the South American country’s bankrupt government as its relations wit...
Allianz Chief Economic Adviser El-Erian believes core inflation ‘is still going up’
Ahead of the release of the latest consumer price index reading this week, Allianz Chief Economic Adviser Mohamed El-Erian told CBS’ “Face The Nation” Sunday that he predicts headlin...
PVC Prices Are Falling. Why Warren Buffett Should Be Worried.
One thing leads to the other. Rising interest rates pummel housing. Lumber prices fall, some 60% this year. And, notes energy research firm and investment bank Tudor Pickering Holt, PVC—the plastic th...
Oil Prices Set for Biggest Weekly Increase Since March Following OPEC Cut
Oil prices on Friday were on track for their biggest weekly increase since March, as OPEC’s planned production cut heightened tension with the U.S. government over energy supplies heading into winter....
Norway’s Finance Minister Domestic Bitcoin Miners shouldn’t pay less for energy
The Finance Minister of Norway, Trygve Slagsvold Vedum, has requested the government to abolish its crypto program. The crypto program permits domestic bitcoin miners to give a lowered rate on electri...
Bitcoin miner Iris Energy considering mergers and acquisitions after fresh capital raise
Bitcoin miner Iris Energy considering possible mergers and acquisitions opportunities as the firm plots its growth plans. Those also include other options such as “ongoing organic expansion,R...
Bitcoin Miner Iris Energy Inks $100M Deal as it Contemplates M&A
Bitcoin mining company Iris Energy has agreed on a deal to sell up to $100 million in shares to investment bank B. Riley, as the company contemplates mergers and acquisitions following a recent capita...
Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
Listen to article (2 minutes) The Labor Department said it found Exxon Mobil illegally fired two company scientists over suspicions they shared information with The Wall Street Journal about concerns ...
Oil Prices Hold Steady. U.S. Said to Be Looking at Relaxing Venezuela Sanctions.
Oil prices on Thursday largely held to gains from the previous session despite a report from The Wall Street Journal that the U.S. government could relax sanctions on Venezuela to allow new supply ont...
OPEC Just Put a New Floor on Oil Prices. Politics Could Break It.
Text size Top oil producers agreed on a major cut in production to boost crude prices, a move denounced by the U.S. Frederic J. Brown/AFP via Getty Images OPEC’s latest controversial decision to cut p...
What’s Causing Bitcoin Energy Use and Hash Rate to Decouple?
More efficient crypto mining hardware being deployed has resulted in a slowing of Bitcoin network energy consumption, according to recent figures. Bitcoin network energy consumption has been thrown in...
No Surprise That OPEC-Plus Sides With Russia Over Biden In Oil Market
Russia’s President Vladimir Putin (R) and Saudi Arabia’s Crown Prince Mohammed bin Salman at the G20 … [+] Leaders’ Summit in Buenos Aires, on November 30, 2018. (Photo by ludo...
The Ethereum Merge Has Lowered Global Energy Consumption
Following the Ethereum Merge which occurred on September 14 of this year, a bonus reward was placed in the pockets of energy and climate advocates everywhere. It seems after the Merge was complete, th...
Solar ‘Bazooka’ Bitcoin mine warms warehouse amid Europe’s energy crisis
A warehouse in the Netherlands swapped out natural gas for Bitcoin miner heating — saving money, efficiency and the planet. It’s another win for Bitcoin miners and the environment. A Dutch Bitcoiner h...
buy energy stocks as they’re holding a key trend line
“XLE” – the Energy Select Sector SPDR Fund is coming alive again after OPEC+ announced plans of cutting oil production by 2 million barrels a day from November. Technicals are flashing a buy signal as...
US Lawmaker Offended as Federal Energy Agencies Show Unwillingness to Act on White House’s Crypto Mining Recommendations – crypto.news
Jared Huffman, a United States House of Representatives member, has reportedly queried some U.S. federal agencies’ unwillingness or reluctance to respond to recommendations in a recently released Whit...
Climate investor who made right Exxon bet on how to beat the market
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Jennifer Grancio was among the leaders at Engine No. 1, the upstart investing firm focused on climate and energy transit...
The European Energy Crisis Is Transient And The Response Should Be Also
LUBMIN, GERMANY – FEBRUARY 02: The receiving station of the Nord Stream 2 gas pipeline stands on … [+] February 02, 2022 near Lubmin, Germany. (Photo by Sean Gallup/Getty Images) Getty Ima...
BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns
Earlier in the day, ADP’s Employment report on job creation in the private sector arrived hotter than expected as businesses created 208,000 jobs in September, versus consensus estimates for 200,000, ...
Germany’s ‘dangerous’ €200bn energy bailout criticised by EU allies
Olaf Scholz – FILIP SINGER/EPA-EFE/Shutterstock Germany’s “dangerous” €200bn energy bailout has sparked further EU infighting, with Spain and Belgium the latest member states to voice misgivings...
This energy stock up 70% year-to-date still has room to the upside
Cheniere Energy Inc (NYSEAMERICAN: LNG) has been nothing short of a rockstar in 2022 with the stock up nearly 70% year-to-date. Still, Rob Thummel (Tortoise Capital) says there’s more room to the upsi...
10 energy stocks that are analysts’ favorites as OPEC makes oil-production cuts
The OPEC+ group of oil-producing countries has agreed on a drastic cut to the global supply. The speculation has helped oil reverse its recent declines. And that means it’s time to take another look a...
Exxon Mobil Won’t Comment on Report It Is Exploring Deal for Denbury
Denbury’s stock jumped on Monday afternoon after a report said Exxon Mobil was considering a takeover of the oil-recovery specialist, but the oil giant said it wouldn’t comment on speculation. Bloombe...