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Home2023

Year: 2023

Gold
Rare Earth Minerals

Gold price nears 7-month peak on hopes of smaller Fed rate hikes

January 4, 2023 Mariel Alumit

​ Gold extended its New Year rally to trade near a seven-month peak on Wednesday, helped by a weaker US dollar and growing expectations of less aggressive interest rate hikes by the Federal Reserve. Spot […]

Copper
Rare Earth Minerals

Copper price falls on demand fears

January 4, 2023 Mariel Alumit

​ The copper price fell on Wednesday as the market focused on slowing growth and demand. Copper for delivery in March fell 1% on the Comex market in New York, touching $3.72 per pound or […]

Poland
International News

Poland imported record amount of liquefied natural gas in 2022

January 4, 2023 Mariel Alumit

Poland received a record number and volume of shipments of liquefied natural gas (LNG) last year, as it diversified away from Russian energy sources. Moscow cut off gas supplies to Poland in April, though Warsaw had in […]

carbon
CCUS

Lawmaker who admitted to lying made carbon capture claims

January 4, 2023 Mariel Alumit

Rep. George Santos has admitted to misleading his constituents about working at Citigroup and Goldman Sachs and to lying about his educational credentials. He also falsely claimed that his mother died on Sept. 11. Then, […]

Oil
Crude Oil News

OPEC’s Oil Production Rises By 120,000 Bpd In December

January 4, 2023 Mariel Alumit

Rebound in Nigerian production sends OPEC production higher in December. The group of producers noted a 120,000 bpd rise in production last month according to Reuters. In December, OPEC pumped 29 million bpd. A rebound […]

Hawaii
Energy Storage

Hawaii Island’s biggest solar-plus-storage plant will soon deliver power at 9 cents/kWh

January 4, 2023 Mariel Alumit

Utility Hawaiian Electric has said that the AES Waikoloa solar PV and battery storage project on Hawaii Island is nearing completion. The system is due to begin commercial operations by April this year, or earlier. […]

Aljazeera International

Salesforce to cut 10% of workforce in latest tech layoffs

January 4, 2023 Mariel Alumit

Salesforce Inc plans to cut its workforce by 10 percent and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with “too many people” amid an economic slowdown, sending […]

Putin
Zero Edge

Putin Sends Warship Armed With Hypersonic Missiles To Atlantic & Indian Oceans

January 4, 2023 Mariel Alumit

Russian President Vladimir Putin on Wednesday ordered a warship armed with new hypersonic Zircon cruise missiles to be deployed on a mission to the Atlantic and Indian Oceans, in what could be a message and […]

Fed
Zero Edge

Fed Admits Recession Is “Plausible”, Pushes Back Against “Unwarranted” Easing Expectations

January 4, 2023 Mariel Alumit

Since the last FOMC statement on Dec 14th – when The Fed hiked by 50bps and gushed hawkishly – gold has outperformed while long-duration stocks have been the biggest loser with the dollar flat and […]

Global
Zero Edge

Rickards: On The Cusp Of A Global Liquidity Crisis

January 4, 2023 Mariel Alumit

Authored by James Rickards via DailyReckoning.com, Is there a financial calamity worse than a severe recession in early 2023? Unfortunately, the answer is “yes” and it’s coming quickly.   That greater calamity is a global […]

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