Month: September 2022

Not Everyone Is Ditching Russian Energy

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After months of conflict in Ukraine, and an increasing movement away from Russian energy by several world powers, some countries have made it clear that they are not willing to cut ties with Putin when it comes to energy. With Europe and North America turning away from Russian oil and gas, it has made Russian energy prices highly competitive at a time when the world is battling with rising consumer and energy costs. This has led China, India and several other powers to develop their trade relations with Russia even…

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Solar Stocks Continue To Shine In Wider Market Selloff

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Over the past two years or so, the clean energy sector has been a major laggard with investors giving it a wide berth. The iShares Global Clean Energy ETF (ICLN), a catch-all bet on clean energy, is trading 36% below its January 2021 all-time high after a major rally fueled by ESG optimism drove many stocks in the sector to record highs and stratospheric valuations. The renewable energy sector is having to contend with yet another formidable foe: rising interest rates. Renewable energy projects tend to be sensitive to high…

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Xi Is Set To Be Re-Elected As China’s Leader

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At the Chinese Communist Party’s 20th National Congress in October, Chinese President Xi Jinping has been widely expected to be granted a third term as party leader in what would be an unprecedented event considering that CCP leaders generally only serve two terms. That fact alone has raised tensions for the particular National Congress–an event that only happens every five years.   If granted a third term, a right that has already been made possible due to a constitutional amendment, Xi would serve as CCP leader for another five years.  Any doubt…

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EU Plans TO Impose Sanctions On Organizers Of “illegal” Referendums In Ukraine

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The European Union plans to follow suit with the United Kingdom and others and impose sanctions on the organizers of “illegal, illegitimate referendums” that are being conducted in four regions of Ukraine that are at least partially controlled by Moscow. “There would be consequences for all people who participate in the illegal, illegitimate referendums,” Peter Stano, a spokesman for EU foreign policy chief Josep Borrell, told journalists on September 27, the fifth and final day of voting in the referendums, which many Western governments have called “sham” votes. The vote…

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Oil Prices Are About To Reverse Course

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oil

That would be the road to hell for America,” JP Morgan’s CEO Jamie Dimon said last week, referring to a suggestion that all big banks divest from the oil and gas industry. In the same week, Aramco’s chief executive warned that years of underinvestment in new oil production are beginning to bear fruit, which is an undersupplied market. Despite these statements that suggested oil prices should move higher, oil fell for much of the week. Yet it wasn’t dragged down by fundamentals. Oil prices are down because many traders and investors are…

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