Written by Gary
Oil futures reach 13-month high as global stocks advance with U.S. markets closed. SP 500 futures hit record high, oil soars as frozen chaos hits plains states.
Here is the current market situation from CNN Money | |
European markets are broadly higher today with shares in London leading the region. The FTSE 100 is up 1.93% while France’s CAC 40 is up 0.60% and Germany’s DAX is up 0.33%. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
5 Companies Betting Big On Futuristic Energy TechWith the clean energy shift beginning to gain serious momentum, the prime candidates for a sustainable future have been solar, wind, and to a lesser extent, geothermal energy and nuclear fission. But new clean energy technology is drawing interest from both corporate investors and retail investors, and what we consider fringe today, such as ocean power and hydrogen, may become mainstream sooner rather than later. In fact, Bloomberg New Energy Finance has warned that we may never reach our climate goals in time unless we invest more | |
Biden Sets The Stage For An Offshore Wind Energy BoomThe U-turn of the U.S. Administrations energy policies under President Joe Biden sets the stage for a flourishing U.S. offshore wind industry, as the federal government looks to speed up environmental reviews to make offshore wind a significant contributor to the new clean energy goals. In the United States, offshore wind hasnt really taken off, with just two small offshore wind farms in operation with less than 50 megawatts (MW) of combined capacity. To compare, Europe has 113 offshore wind farms in 12 countries | |
Can China Shake Its Dangerous Addiction To Oil?In order to avoid the worst effects of global warming, the world will have to make drastic changes this decade. In a damning report released by the United Nations at the end of 2019, that we are on track to see average temperatures soar to 3.2 degrees Celsius (5.8 degrees Fahrenheit) over pre-industrial averages, more than double the amount that experts on the Intergovernmental Panel on Climate Change (IPCC) say is the threshold between us and global climate goals. In a business-as-usual scenario, we will see coral reefs die and dissolve | |
Is The Caribbean Ready For An Oil Boom?As Trinidad and Tobago continue to explore for major oil and gas fields in the Caribbean region, the Bahamas Petroleum Co. has made a non-commercial oil discovery. While Trinidad and Tobago have focused on natural gas for the last two decades, the countrys oil industry has been developing steadily. In 2020, the countrys third-largest oil producer Trinity Exploration & Production increased production by 7 percent to 3,226 bpd. This figure is expected to reach around 4,000 bpd by 2023. Trinity Exploration & Productions | |
Is This The Best Way For Offshore Producers To Raise Production?The saying has it that in every crisis there is opportunity, and the oil industry is no exception, with efficiencies and targeted investments being the prime focus areas during and in the aftermath of a downturn. Very few stones remain unturned in an upstream sector that has been hit hard by successive crises, and Rystad Energy is highlighting one of the last significant untapped value creation windows that of subsea boosting identifying more than 200 projects globally where the technology could make an immediate impact by increasing | |
Investors Are Looking Long Term In LNG MarketsThis winter saw something that made exporters of liquefied natural gas very happy: a more than a 1,000-percent surge in LNG prices on the spot market from a year earlier as a cold spell gripped swathes of Asia. What could make them even happier is the fact this surge has seriously compromised the appeal of spot market deals. Long-term contracts are reclaiming their territory. Traditionally, natural gas was bought and sold under long-term contracts pegged to the price of crude oil. This benefited sellers when oil was expensive and reduced their | |
Covid vaccine rollout gives CVS, Walgreens a chance to bring health care to communities of colorThe vaccine rollout will test CVS and Walgreens’ commitment to expanding health-care access in Black and Hispanic communities. | |
Why one big Wall Street banker is betting flying taxis will replace helicoptersElectric aircraft maker Archer Air has a deal with United Airlines and plans to be flying by 2024. Wall Street’s Ken Moelis says it can replace helicopters. | |
Chocolate sales are booming this Valentine’s Day, as consumers stay close to homeThis year’s Valentine’s Day is about more than just romance – it’s about togetherness and sharing love, and chocolate, with family, friends and colleagues. | |
Fatigue, headaches and chest pain: Medical experts try to establish ‘long Covid’ diagnosis for patients with lasting symptomsIt’s likely many people will experience lingering Covid symptoms given how many people have been infected with the virus globally, the WHO warned. | |
Bill Gates on climate change: I’m another ‘rich guy with an opinion’ ” but here’s why you should listenBill Gates knows he is an imperfect spokesperson for climate change mitigation. “[M]y carbon footprint is absurdly high,” he writes in “How to Avoid a Climate Disaster.” | |
Wall Street’s next short squeeze could be in this fast food stock, trader saysRising short interest in Jack in the Box could be setting the stock up for a short squeeze as it heads into earnings, says Danielle Shay of Simpler Trading. | |
Cement giants turn to green hydrogen and carbon capture in efforts to curb emissionsCement production is an energy intensive process responsible for a significant amount of emissions. | |
India is set to become a vital Covid vaccine maker ” perhaps second only to the U.S.Even before Covid-19, India produced up to about 60% of the world’s vaccines and can do so at a relatively low cost. | |
GM unveils all-electric Chevy Bolt EUV and redesigned, less-expensive Bolt EVGeneral Motors unveiled a new Chevy Bolt Electric Utility Vehicle, or EUV, alongside its newly redesigned Chevy Bolt Electric Vehicle on Sunday evening. | |
‘Silence of the Lambs’ turns 30: How the horror masterpiece is still gripping Hollywood“Silence of the Lambs” was a low-budget sleeper hit that gained widespread critical acclaim and box office success. The film has had a lasting impact on Hollywood. | |
CDC director warns states against dropping mask mandates amid concern about Covid mutationsAs the spread of the coronavirus in the U.S. slows and the vaccine rollout out quickens, states have started loosening mask-wearing mandates. | |
Here’s how NASCAR plans to recover from a tough 2020, starting with the Daytona 500Following a defining 2020 where it banned the confederate flag, NASCAR is betting on its new stars and new owners in 2021, starting with the Daytona 500. | |
Virologist says reopening indoor dining is ‘reckless’ as new, more transmissible coronavirus strains spread in the U.S.New, more contagious coronavirus strains originating in the U.K., South Africa and Brazil have been spreading in the U.S. | |
S&P Futures Hit Record High, Oil Soars As Frozen Chaos Hits Plains StatesS&P Futures Hit Record High, Oil Soars As Frozen Chaos Hits Plains States US cash markets may be closed for holiday (as is China and Hong Kong) but futures are up and running, and we mean up with EMinis bursting out of the gate late on Sunday and surging as high as 3,951, up 0.4%, to a new all time high, buoyed by vaccine rollout optimism, while energy names soared on a brutal polar vortex roiling energy markets across much of the US. Global equities are on course to rise for 11 straight sessions — the longest stretch since 2009 — and the Treasury yield curve has tested the steepest levels in more than five years. Investors are betting on U.S. government spending and vaccines to drive the economy out of the pandemic. œThe reflation trade is set to continue to gather steam with vaccine deployment and massive fiscal spending by the Biden administration, said Esty Dwek, head of global market strategy for Natixis Investment Managers Solutions. œYields are likely to rise further and the catch-up of cyclical sectors should conti … | |
“Climate War” Accelerates ESG Craze Sparking Surge In Iridium Spot Prices“Climate War” Accelerates ESG Craze Sparking Surge In Iridium Spot Prices While Robinhood pajama traders pump penny stocks, low-float biotechs, and, of course, GameStop and other meme stocks, they seem to be missing the ESG-driven craze in uranium stocks. It’s clear that investment flows into cleantech and ESG-related areas are hot under a Biden administration. The growing interest in ESG is propelling governments to think green and adopt new technologies to power the green economy. Bank of America’s equity strategist Haim Israel shared an institutional survey of the mounting interest in ESG investing with clients. Besides uranium, readers should also check out iridium, the latest rare-earth metal to undergo a massive speculative rally. Iiridium spot prices have risen more than 160% in two months. It comes “after supply shortages and expectations it will be used to produce hydrogen to power a greener economy,” said | |
A Market Crash And High Inflation?A Market Crash And High Inflation? Authored by Adam Taggart via PeakProsperity.com, Imagine for a moment that the price of all your investments – your stocks, your retirement portfolio, your house – suddenly drop in half this year. Now imagine that on top of that inflation suddenly picks up, making your cost of living skyrocket. That would be pretty awful, right? Well, this might not be just some theoretical thought exercise. Highly respected financial researcher Jesse Felder warns us that these twin dangers of a market crash and higher inflation actually could indeed happen in the near future. For many months now we’ve been sharing the mounting abundance of data points revealing that today’s markets are historically unprecedented levels of over-valuation. To our list, Jesse adds record margin debt levels, which have NEVER been higher compared t … | |
U.S. Home Prices Pass 2005’s Peak LevelU.S. Home Prices Pass 2005’s Peak Level “Where’s the inflation?” Central Bankers will undoubtedly and rhetorically ask critics and skeptics at a variety of upcoming speeches. Meanwhile, U.S. housing prices have finally eclipsed their peak from 2005 in the years leading up to the Great Recession. Note that at the beginning of 2021, we said real estate was entering the year in a “massive bubble”. A combination of low interest rates and trillions in freshly printed dollars has led to the the median price of a single family home rising 14.9% to $315,000 in Q4. It was “the biggest surge in data going back to 1990, according to the National Association of Realtors,” according to Bloomberg. “Prices rose in all 183 metros measured by the group and 161 had double-digit growth compared with just 115 of them in the third quarter,” the report notes. The move was most pronounced in the … | |
Hotel quarantine: ‘It’ll cost us thousands and we’ll be miles from home’Travellers planning their return to the UK say the rules are confusing and sometimes “bizarre”. | |
Pound hits three-year high on vaccination hopesSterling rises above $1.39 as the vaccine programme raises hopes that lockdown can be eased. | |
Wetherspoons calls for pubs to reopen ‘to save jobs’The chairman of the chain is calling for pubs to reopen at the same time as non-essential shops. | |
Nureca IPO subscribed 5.7 times on Day 1Prospective retail investors can bid for a minimum of one lot of 35 shares, and a maximum of 14 lots, or 490 shares. | |
Bitcoin’s latest record run is less volatile than the 2017 boomOn a rolling 60-day basis, the swings in Bitcoin are generally smaller now than when Bitcoin was peaking in 2017. | |
India on verge of leaving Covid behind & see near-full recoverySince its trough in April last year, NIBRI has remained on an uptrend through 2020 and that continued into January-March of 2021, reflecting fewer new pandemic cases. | |
Cryptos: Dogecoin drops after Tesla’s Musk supports holders selling ‘most of their coins’The price of the cryptocurrency, which was on the edge of $50,000 over the weekend, has pulled back to start the week. | |
London Markets: Mitchells & Butler plans equity offering as Boris Johnson rules out vaccine passports for pubsThe struggling U.K. pubs sector was in the spotlight Monday, as one leading chain said it will issue more stock as Prime Minister Boris Johnson rejected the idea of using vaccine passports to re-open them. | |
: Vivendi shares surge 16% on plan to list Universal Music GroupWorld’s largest record label looks to cash in on the surging popularity of streaming services |
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