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Home2022August

Month: August 2022

Finance

OPEC Cuts Demand Forecast, IEA Increases It The Daily Financial Trends

August 14, 2022

OPEC cut its 2022 forecast for global oil demand growth, citing the economic impact from Russia’s invasion of Ukraine, high inflation, and the risks of a global economic slowdown. It was the third forecast reduction […]

No Picture

Enverus’ SPARK Illuminates Transformative Opportunities for Oil and Gas

August 14, 2022

Austin, Texas (August 11, 2022) — Enverus, the leading global energy data analytics and SaaS technology company, is inviting members of the media to SPARK, its two-day conference taking place Aug. 23-24, 2022, in San […]

ENB Podcast Irina Slav, we talk about humor and the energy crisis
Climate Crisis

ENB #70 We have a great talk with Irina Slav, International Energy Thought Leader. We talk about the energy crisis, and how humor cannot even ease the pain.

August 14, 2022 Stu Turley

“Make no mistake, it is not about fossil vs. renewable. It is about getting low-cost power to help elevate humanity from poverty with the least amount of negative impact on the environment.” -Stu Turley I […]

Manufactures Brace for Nord Stream Repairs - Fearing Pipeline Wont Reopen -Landfall Port
Geopolitical

Germany Reaches Gas Storage Milestone Two Weeks Ahead of Plan

August 14, 2022 Stu Turley

Germany’s gas storage facilities have reached a fill level of 75%, two weeks ahead of schedule, the country’s top regulator said, as Europe’s biggest economy tries to shore up supplies cut by Russia. “The first […]

Earnings

Rivian Increases Yearly EBITDA Loss Guidance, Stock Wavers The Daily Financial Trends

August 14, 2022 Stu Turley

Rivian (RIVN) has announced it sees a bigger loss for the year than predicted, causing shares to waver in extended trading. Rivian reported that in the second quarter, revenue was $364 million, above its $335.7 […]

Finance

Gas Drops Below $4 Per Gallon Nationally The Daily Financial Trends

August 14, 2022 Stu Turley

Gas prices continue to decline nationally as the average price for a gallon of regular gasoline dipped below $4 for the first time since March 5th, according to AAA data. It is an impressive decline […]

Taiwan taking China’s aggression more seriously
Commodities

Analyst Notes Taiwan Conflict Could Crush Global Semiconductor Supply Chains The Daily Financial Trends

August 14, 2022 Stu Turley

Gareth Leather, Senior Economist in the Emerging Asia team at Capital Economics, wrote a note to clients highlighting the enormous ramifications to the world economy from the Chinese military drills currently ongoing off the coast […]

Low water on the Rhine poses new threat to Germany's economy
Finance

Rhine River Hits Record Low, Shipping Stops For Critical Materials The Daily Financial Trends

August 14, 2022 Stu Turley

On Friday, the level of the Rhine river fell to a new low which will halt the flow of large amounts of critical river traffic. It has dealt a fresh blow to Germany, as it […]

Saudi Aramco betting big on carbon storage
Carbon Capture

Saudi Aramco Betting Big On Carbon Storage

August 13, 2022 Stu Turley

Saudi Aramco plans to begin permanently storing carbon dioxide from 2026 in one of the largest facilities of its kind, as the state oil giant seeks to reach its goal of net-zero emissions by 2050. […]

Red States Fighting ‘Woke’ Banks That Push Anti-Fossil Fuel Policies
Finance

JP Morgan Gold Desk Traders Convicted Of Spoofing Trades To Manipulate Gold Prices The Daily Financial Trends

August 13, 2022 Stu Turley

A court in Chicago convicted the former head of the JPMorgan Chase & Co. precious-metals business, Michael Nowak, and his top gold trader Gregg Smith, of manipulating the gold markets for profit for years. It […]

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