Renewables Projected To Overtake Coal Worldwide By 2027
Renewables surpassed coal for electricity generation in the United States this year, and they’re expected to beat out coal in global electricity generation by 2027.
Source: oilprice.com
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Get Ready For Higher Prices At The Pump
U.S. gasoline prices were up slightly week-on-week, with analysts now warning that the OPEC+ surprise production cut could hit at inflation
Source: oilprice.com
17Feb2021 Pre-Market Commentary: Oil Prices Soar As U.S. Oil Production Plunges 30%, WTI Crude 60.69, DOW At -2 Points, US Dollar Higher 90.87, Bitcoin 50700
Retail sales improve in January 2021 (SPY -0.1%). Texas winter storm highlights the importance of fossil fuels and oil prices gain as Texas freeze effects crude production. Here is the current market situation from CNN Money European markets are mixed to lower. Shares in Germany are off as the DAX drops 0.52%. The FTSE 100 is down 0.18% while the CAC 40 in France is unchanged. What Is Moving the Markets Here are the headlines moving the markets. Oil Prices Soar As U.S. Oil Production Plunges 30% West Texas Intermediate jumped over $60 per barrel after the Polar Vortex that brought unusuall...
Source: econintersect.com