Page 27 - Tom Kool News Today

  Some of the biggest opportunities in the exploding EV space aren’t to be found only in stocks of EV makers, instead, they could be made in companies that are setting up the entire ecosystem that supports the entire industry.   Electric vehicles have slowly become more popular during the last decade, but so far, it’s always been a bit of a chicken and the egg story. After all, who wants to buy a swanky electric vehicle if there are no charging points, no dealer network, no fleet services...

The Little-Know Trillion Dollar Tech Boom Fueled By Electric Car Hype FN Media Group Presents Oilprice.com Market Commentary LONDON, Dec. 22, 2020 /PRNewswire/ -- By now, most investors have probably already know that electric vehicles were one of the hottest markets, if not the single hottest market in 2020. They might also already know that Tesla soared 592%, and that its Chinese counterparts NIO, Xpeng, and Li Automobile soared 1411%, 105%, and 106% respectively. But what most people may not...

Chart of the Week Demand for transportation fuels (gasoline, distillates, and jet fuel) was down 11% during the Thanksgiving holiday compared to the holiday week a year earlier. Jet fuel, however, was down by nearly half, or a decline of about 0.9 mb/d. There were about 107,000 flights during the week of Thanksgiving, down about 45% from 2019 levels. Market Movers ConocoPhillips (NYSE: COP) announced a significant oil discovery in the Norwegian Sea. Diamondback Energy (NASDAQ: FANG) announced a...

Friday, December 18th, 2020 Crude oil prices held their gains this week and pushed to new highs. In midday trading on Friday, Brent was over $52. Optimism on vaccinations is outpacing the bearish winds from record Covid-19 infections in the United States. Analysts differ on what happens next, but some say oil has more room on the upside. Investors turn bullish on North American oil. Having been savaged for much of 2020, stocks for North American oil and gas producers have surged in recent weeks...

Friday, December 11th, 2020 Brent hit $50 per barrel on Thursday for the first time since March, edging higher on optimism surrounding vaccinations, the OPEC+ deal, plus strong demand in Asia. However, prices eased a bit on Friday as demand in Europe and the U.S. remains subdued and Covid-19 cases continue to spread. The EIA also reported a surge in crude inventories for last week, up 15.2 million barrels. Signs of demand rebound in Europe. Many European countries went back into lockdown in Nov...