Europe’s Clean Power Sources on a Record Roll in Early 2024
In a significant milestone for Europe’s energy landscape, the opening two months of 2024 witnessed a record-breaking surge in clean energy generation, with renewable sources accounting for a remarkable 60% of the continent’s electricity output. This surge, fueled by robust growth in hydro, solar, and wind generation, marks a pivotal moment in Europe’s transition towards…
Global Commodity Trading Profits Surpass $100 Billion Mark
The global commodity trading industry has hit a significant milestone, amassing over $120 billion in cash reserves after five consecutive years of unprecedented growth. This impressive accumulation of reserves, estimated between $70 billion and $120 billion by consultants Oliver Wyman, underscores the industry’s robust financial position and sets the stage for further expansion and consolidation…
Battery Metal Prices Face Extended Slump, Warns Goldman Sachs
In the realm of commodities, particularly those pivotal to the energy transition, a somber tone looms over the horizon as Goldman Sachs issues a cautionary forecast regarding battery metal prices. The investment giant finds itself hesitant to proclaim an end to the ongoing slump in battery raw materials, citing formidable supply pipelines and persisting headwinds…
OPEC’s Strategic Move: Extending Oil Production Cuts to Bolster Prices
In a strategic move aimed at stabilizing oil markets and preventing a potential plunge in prices, Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), has announced its decision to extend cuts in oil production through June. This decision, made in coordination with select oil-producing states including Kuwait and…
Gold Hits One-Month High Amidst Dollar Slip
Gold prices soared to a one-month high on Thursday, buoyed by a weakening dollar following inflation data that aligned with market expectations. Investors turned their focus towards forthcoming statements from Federal Reserve officials, seeking insights into potential interest rate adjustments. At the close of trading, spot gold surged by 0.7% to reach $2,048.19 per ounce,…
European Gas Prices Return to Pre-Crisis Levels Amidst Surplus
European gas prices have retreated to levels last observed before Russia initiated supply cutbacks in 2021, signaling a potential resolution to the energy crisis that has plagued the region for the past three years. A combination of factors, including robust imports of liquefied natural gas (LNG), milder weather conditions, and demand moderation resulting from persistently…
Gold vs bitcoin
There was an interesting quote that we picked up on this week from a Sohn Conference Foundation conversation between John Collison and Stanley Druckenmiller, where Druckenmiller said “if you believe that we are going to have irresponsible monetary policy and inflation going forward, if it’s in a bull phase, you want to own bitcoin, but…
The Investment Herald 