BMW To Challenge Tesla With Ambitious EV Plan
As if Tesla’s inclusion in to the S&P 500 and ARK Invest’s batshit insane impressive fund inflows over the last couple weeks haven’t been enough to make you consider a Continue Reading
Covid-19 Vaccine Made by AstraZeneca, Oxford Is Authorized by U.K.
The U.K. authorized a Covid-19 vaccine developed by the University of Oxford and AstraZeneca PLC, opening the door for the rollout of millions of doses in a country where infections have surged Continue Reading
Volkswagen significantly expanding charging infrastructure at German sites; first High Power Charging stations with up to 300 kW
The Volkswagen brand is significantly expanding the charging infrastructure at its German sites. Some 750 new charging points are planned for next year, including the first High Power Charging stations Continue Reading
Crude oil futures rise as risk-on sentiment grips market
Crude oil rose during mid-morning trade in Asia Dec. 29 as the oil complex was buoyed by bullish sentiment across risk assets emanating from US President Donald Trump’s signing of Continue Reading
Global stocks, oil lead risk rally on U.S. stimulus hopes
Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier Continue Reading
Oil Pushes Higher Aided by Dollar Amid Grim Short-Term Outlook – Bloomberg
Oil pushed higher with support from a weakening dollar as investors weighed a worsening short-term demand outlook against an eventual rebound as Covid-19 vaccines are rolled out. Futures in New York Continue Reading
Oil Prices Fall Despite Broader Market Surge
Crude slipped as investors ignored a broader market surge that pushed equities to record highs and focused instead on looming new supply from OPEC+ (Bloomberg) — Crude slipped as investors Continue Reading
Oil’s Turbulent Year Stirs Debate on Relevance of Benchmarks
A tumultuous year in oil markets left the energy industry reeling and gave fresh impetus to a perennial debate: What is the best gauge of crude prices? The Covid-19 pandemic confined Continue Reading
What Big Oil’s $145 Billion Write-Downs Mean For The Industry
The 2020 oil price collapse provided a reality check for the global oil and gas industry, which reassessed its price assumptions for the years ahead and readjusted the value of Continue Reading
IHS Markit: Oil Demand Won’t Fully Recover Until 2022
Global oil demand will likely take another year or so to return to pre-pandemic levels—by late 2021 or early 2022, energy expert and IHS Markit vice chairman Daniel Yergin told Continue Reading