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The UK Needs To Double Its Charging Points To Support EV Adoption
by Tsvetana Paraskova
24 May 2019 at 4:00pm
The UK will need additional 28,000 public charging points for electric vehicles (EVs) by 2030?double the current number, to support an estimated fleet of seven million EVs by the end of the next decade, Deloitte said in new research. Currently, the UK has 13,500 EV charging points?half of what the UK will need if it were to support seven million electric cars on the roads by 2030. Most of the currently operating charging points are likely to be replaced because of technological advances in the next decade, according to?

The Silver Lining Of An Oil Price Crash
by Tom Kool
24 May 2019 at 12:30pm
It has been a dismal week for oil prices despite a slight recovery on Friday morning, but there may be a silver lining to the most recent price crash. Investor Alert: A newbreakthrough ? known by only a handful of scientists, researchers and insiders ? is about to turn the energy world upside down. And one small company is at the center of it all. Get the full report here. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)Oil rebounded?

Total Looks To Raise $4B By Cutting Stake In Giant Kashagan Oil Field
by Tsvetana Paraskova
24 May 2019 at 12:00pm
France?s oil and gas major Total is looking to sell a third of its 17-percent interest in the giant Kashagan oil field in Kazakhstan, aiming to raise up to US$4 billion from the sale, Reuters reported on Friday, quoting four banking sources. Total is a member of the consortium that has signed the North Caspian Sea Production Sharing Agreement (NCSPSA), and holds a 16.81-percent stake in the North Caspian license, which encompasses the Kashagan oil field. Apart from Total, the other shareholders in the North Caspian Operating Company (NCOC)?

Tesla Shares Rebound On Leaked Musk Email
by Tsvetana Paraskova
24 May 2019 at 11:00am
Tesla?s stock clawed back some losses on Thursday and was up more than 3 percent in pre-market trade on Friday, after a leaked email reportedly sent by Elon Musk to Tesla employees suggested that the electric vehicle (EV) maker has a good chance of making Q2 the highest deliveries and sales quarter in its history. On Thursday, an email believed to be sent to all Tesla employees by Musk on May 22 appeared on message boards, and breathed some life into Tesla?s shares that had been battered for several consecutive days after a growing?

Reversing The Trend: Oil Falls Below $60
by Editorial Dept
24 May 2019 at 11:00am
U.S. West Texas Intermediate and international benchmark Brent crude oil futures are in a position on Friday to post their biggest weekly loss of the year. Most of the loss can be attributed to a steep decline on Thursday, which produced the worst single-day performance in 2019. Traders are saying that the sell-off is being fed by concerns over rising U.S. stockpiles and worries that the U.S.-China trade standoff has finally hit the U.S. economy. Rising U.S. Stockpiles One Bearish Factor Surging U.S. inventories weighed heavily on U.S. West Texas?

Oil Market Volatility Surges
by Editorial Dept
24 May 2019 at 11:00am
Friday May 24, 2019 1. Offshore spending on the rise (Click to enlarge)- Offshore investment is surging once again, although the uptick may only prove to be temporary. - The services market for offshore drilling will slow from 7 percent annual growth per year in 2019-2022 to just 3 percent from 2022-2025, according to Rystad Energy. - Higher prices has sparked more investment, but the resulting supply increase could push prices back down, cratering investment all over again. Roughly 5 million barrels of oil equivalent per day (boe/d) from the latest?

The Consequences Of Trump?s Iran Standoff
by Editorial Dept
24 May 2019 at 11:00am
Hedge funds right now are mostly interested in how a potential war between the US and Iran will impact oil prices. Indeed, while the Trump administration itself does not seem to have a strategy or a real endgame here that it can control, plenty of damage has already been done. Iraq, it seems, is the first real victim in this escalating battle. It?s already livid that Exxon evacuated oil staff, viewing the move as an unnecessary one that sends a damaging message to investors. The rocket attack last Sunday in Iraq?s Green Zone (the first?

Washington Targets Russia With Yet More Sanctions
by Editorial Dept
24 May 2019 at 11:00am
Sanctions, Politics, Geopolitics & Conflict - Washington is preparing another sanctions package that, if passed, would put major restrictions on anyone involved in Russia?s $10.5-billion Nord Stream 2 project. Energy secretary Rick Perry said the US Senate will pass the sanctions bill soon, the House will approve it, and Trump will sign it into law. In part, this was meant to appease Ukraine during Perry?s visit to Kiev for the inauguration of President Volodymyr Zelenskiy. Deals, Mergers & Acquisitions - Sempra Energy - gunning?

Headline Hysteria Suggests Tesla Reversal
by Editorial Dept
24 May 2019 at 11:00am
If you are a regular reader of my offerings, you will be aware that I have been bearish on Tesla (TSLA) for quite a while. On March 1st, I wrote that the staffing cuts and other cost-cutting moves there could be a good sign in the long-term, but would prove problematic in the short-term, making the stock a sell. Then, three weeks ago, when the stock was jumping on news of a massive capital raise, I sounded a note of caution again. The stock is now 35% lower than when I made that initial call and, from a trading perspective at least, it is time?

Oil Rig Count Falls Amid Oil Price Correction
by Julianne Geiger
24 May 2019 at 10:20am
The the number of active oil and gas rigs fell again in the United States this week according to Baker Hughes, after a string of losses in the weeks prior, keeping the overall rig count well below year-ago levels for a seventh week in a row. The total number of active oil and gas drilling rigs in the United States fell by 4 according to the report, with the number of active oil rigs falling 5 to reach 797 and the number of gas rigs increasing by 1 to reach 186. The combined oil and gas rig count is 983, with oil seeing a 62-rig decrease?

New Iraq-Syria Crossing Could Breathe New Life Into Iran?s Oil Exports
by Irina Slav
24 May 2019 at 9:00am
A new border crossing between Iraq and Syria is under construction in an area controlled by Iran-affiliated militias, Fox News reports, citing satellite images revealing construction works at the Albukamal Al-Qaim border crossing. The news outlet also cited unnamed sources as saying Iran was behind the new crossing?the old one was destroyed during one of the many military clashes in both Syria and Iraq?and it aimed to use it as a smuggling channel to Jordan and the Mediterranean coast. ?Without Syrian or Iraqi supervision, Iran?

The Next $4 Trillion Democratic Party Climate Change Plan
by Irina Slav
24 May 2019 at 9:00am
Former Maryland Congressman John Delaney has become the latest in a growing list of Democratic presidential candidates pledging trillions in climate change fighting initiatives, CNN reports, citing Delaney?s US$4-trillion plan to cut carbon emissions by up to 90 percent by 2050. The plan focuses on a carbon tax for polluters with the money collected this way to be then distributed among the general population. It also involves incentives for investment in direct carbon capture: a costly technology that Delaney says he will finance by ending?

Oil Rebounds But Looks At Biggest Weekly Loss Of 2019
by Tsvetana Paraskova
24 May 2019 at 7:30am
Oil prices rose early on Friday, recovering from Thursday?s plunge that sent both WTI and Brent to their lowest levels in nearly two months, but prices are still poised to record the largest weekly decline of 2019 as rising U.S. crude inventories and fears of an economic slowdown have overshadowed signs of tightening global supply in recent days. As of 08:52 a.m. EDT on Friday, WTI Crude was up 1.23 percent at $58.62, while Brent Crude was trading up 1.37 percent at $67.41. Prices recouped on Friday some of the hefty losses from the previous?

PDVSA Tankers To Be Detained For Lack Of Payment
by Julianne Geiger
24 May 2019 at 7:00am
Three PDVSA tankers that are late with payments to German operator Bernhard Schulte Shipmanagement (BSM) are being detained, according to Reuters sources, as BSM gives up on waiting for payments while conducting business as usual with floundering state-run PDVSA. BSM operates almost half of PDVSA?s fleet of tankers, and has made a move to ?arrest? three tankers due to the outstanding debt PDVSA has amassed. BSM and PDVSA have a troubled past, as PDVSA struggles to pay its bills while oil production and exports fall to new lows?

India Has Ended All Oil Imports From Iran, But For How Long?
by Julianne Geiger
23 May 2019 at 8:00pm
India has officially ended all oil imports from Iran, India?s Ambassador Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi has managed to emerge victorious from India?s elections, according to the Daily Mail. Shringla was reluctant to say whether India agreed with the United States? stance on the sanctions, but did say that the sanctions have hurt India, who relies on Iran in particular for a sizeable chunk of its crude oil. It now has had to find new sources of crude oil after the United States refused?

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