Korea Electric Power (NYSE:KEP) Hits New 1-Year Low at $9 10 etfdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etfdailynews.com Daily Mail and Mail on Sunday newspapers.
Being Pakistani comes with the clear understanding of what the words “load shedding” mean from an early age. We ve become masters at balancing our lives between “light agai” and “light chali gai”. But today, it looks like many other countries in the world are going to also become familiar with
(Bloomberg) The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring.
(Bloomberg) The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring. Economic recovery from the pandemic has boosted demand for gas and coal but their supplies have not been able to keep up. With the northern hemisphere winter on the horizon and China the world’s biggest electricity user ordering state-owned energy firms to secure supplies at all costs, investors are in a race to pick the winners and losers. A key measure of international energy producers, led by names including Cabot Oil & Gas Corp. and ConocoPhillips, has rallied almost 10% over the past month. Utilities stocks have gone into reverse, wiping out this year’s gains, with materials companies joining them among the biggest laggards on the MSCI World Index. “The energy crisis can exist for the next several years. I think a super cycle in energy has started and will continue for several years,” said Sumeet
peakoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peakoil.com Daily Mail and Mail on Sunday newspapers.