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Home2023March

Month: March 2023

Energy Crisis

Strikes Cripple France’s Fuel Supply

March 29, 2023 Mariel Alumit

By Tsvetana Paraskova of OilPrice.com Four weeks of protests against the pension reform in France have crippled supply to French refineries and refinery operations as workers join the nationwide industrial action, while prices for European […]

Electrical Generation / Utilities

New York’s first offshore wind farm linked to land

March 29, 2023 Mariel Alumit

The subsea export cable for the South Fork wind farm offshore New York has now been installed, according to an update Eversource Energy posted on social media. Photo: Eversource Energy on Twitter The installation work, […]

Crude Oil News

Growing oil and gas demand brings Perma-Pipe to the UAE

March 29, 2023 Mariel Alumit

As a response to the growing demand for the oil and gas industry in the Middle East, Texas-headquartered Perma-Pipe International has opened a new plant in the United Arab Emirates, said to be its largest production facility […]

LNG
International News

Yangjian LNG terminal project reaches new milestone

March 29, 2023 Mariel Alumit

LNG storage contractor TGE Gas Engineering has announced that the concrete pouring of the second layer of the central area of the dome of Tank 1 of the Guangdong Energy Yangjiang LNG terminal project was […]

Price
Finance

Stock Market Climbs Off Lows Despite Tech Selling; Nasdaq, S&P 500 Battle Near Key Levels

March 28, 2023 Mariel Alumit

Several leading technology stocks succumbed to some profit-taking in the stock market Tuesday in a low-volume session. Semiconductor stocks lagged in the MarketSmith Growth 250, with top stocks like Aehr Test Systems (AEHR), Rambus (RMBS) […]

Price
Electric Vehicles

BYD Earnings Soar In Q4, 2022 But Tesla Archrival Is Feeling The Heat

March 28, 2023 Mariel Alumit

China’s BYD (BYDDF) on Tuesday reported skyrocketing earnings for the fourth quarter and full year, as expected and as a price war grows in the world’s biggest EV market. BYD stock popped. On Jan. 30, […]

Price
Finance

Dow Jones Dips As Alibaba Flies; 3 New Cathie Wood Buys Trade Mixed; Micron Earnings Miss

March 28, 2023 Mariel Alumit

The Dow Jones Industrial Average slipped as Treasury yields spiked. A trio of stocks, including Coinbase (COIN), were mixed despite Cathie Wood buying shares. Alibaba (BABA) went on a magic carpet ride while Apple (AAPL) […]

Price
Exploration and Production

Warren Buffett Adds To His Occidental Petroleum Stake As Energy Stock Receives Upgrade

March 28, 2023 Mariel Alumit

Warren Buffett added more Occidental Petroleum (OXY) stock to his Berkshire Hathaway (BRKB) portfolio in recent days, bolstering his stake in the U.S. energy company. Meanwhile, OXY stock was upgraded Tuesday. Berkshire Hathaway purchased around […]

Gold
Finance

The Case For Gold Is Looking Stronger

March 28, 2023 Mariel Alumit

Authored by Austin Mann via Knowledge Leaders Capital blog, The Federal Reserve’s balance sheet grew by $394B in the past two weeks. In the context of all G4 central banks, this move alone erases half […]

Finance

“Economic Headwinds Are Building” – Jeff Gundlach Warns Of Imminent Recession

March 28, 2023 Mariel Alumit

Echoing his comments from earlier this month, ‘Bond King’ Jeff Gundlach warns of an imminent recession – within the next few months – as the yield-curve suddenly steepens… “The economic headwinds are building, we’ve been […]

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