Natural Gas Flaring Alternatives: Innovative Solutions For A Greener Future

Natural gas flaring is a process that has been used for decades in the oil and gas industry. It involves burning off natural gas that is produced during oil drilling operations. While it may seem like a necessary part of oil production, natural gas flaring has significant environmental impacts that cannot be ignored. How Does Natural Gas Flaring Happen? Natural gas is often found alongside crude oil deposits. When drilling for oil, natural gas is also extracted from the ground. However, unlike crude oil, which can be stored and transported easily,…

Read more at: https://oilprice.com/Energy/Energy-General/Natural-Gas-Flaring-Alternatives-Innovative-Solutions-For-A-Greener-Future.html

Green Hydrogen Will Play A Critical Role In A Net-Zero Future

The world is rapidly transitioning towards renewable energy sources in order to reduce carbon emissions and combat climate change. One of the most promising technologies in this regard is green hydrogen, which has the potential to revolutionize the energy industry. What is Green Hydrogen? Hydrogen is an abundant element found in water, natural gas, and other organic compounds. It can be used as a fuel source or as an energy carrier in various applications such as transportation, heating, and electricity generation. Green hydrogen is produced…

Read more at: https://oilprice.com/Alternative-Energy/Renewable-Energy/Green-Hydrogen-Will-Play-A-Critical-Role-In-A-Net-Zero-Future.html

Department Of Energy Says It’s Preparing For SPR Purchases—Next Year

The U.S. Department of Energy says it would like to start purchasing crude oil to at least partially refill the Strategic Petroleum Reserve—but the government is “not the fastest at things,” Christopher Roark, senior crude oil marketing analyst at the U.S. DOE said at a Crude Oil Quality Association meeting. Roark said the government would like to start buying oil “within the next year, depending on the opportunity.” This will come only after the United States has finished selling the 26 million barrels of crude oil…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Department-Of-Energy-Says-Its-Preparing-For-SPR-PurchasesNext-Year.html

These Countries Have The Lowest Inflation In The World

Investors are bracing for longer inflation. The Federal Reserve indicated that more restrictive monetary policy is in the cards amid strong employment gains. In Europe, while inflation has fallen, it is still far above the 2% target. Across the Euro area inflation is estimated to have reached 8.5% in January. At the same time, as Visual Capitalist’s Dorothy Neufeld and Sam Parker detail below, some countries have managed to tamp down inflation. Slower growth, cheaper import costs, and foreign exchange policy are some of the factors…

Read more at: https://oilprice.com/Finance/the-Economy/These-Countries-Have-The-Lowest-Inflation-In-The-World.html

How Recycling Could Solve The Battery Metals Shortage

As it becomes clear there is unlikely to be enough lithium to fuel the battery demands of the future, automakers and energy firms are exploring ways to recycle and reuse lithium-ion batteries. However, this industry is highly underdeveloped and currently lacks the regulatory framework to guarantee a cohesive set of standards for battery recycling, with more funding needed to support its expansion.   At the consumer level, in the U.S., the Environmental Protection Agency (EPA) asks people using lithium-ion (Li-ion) batteries not to dispose…

Read more at: https://oilprice.com/Metals/Commodities/How-Recycling-Could-Solve-The-Battery-Metals-Shortage.html

Oil Ticks Up On Improved U.S. Economic Data

Oil prices were ticking slightly upward on Thursday following U.S. economic data showing a 1.7% increase in Q2 2022 nonfarm business sector labor productivity.  The U.S. Bureau of Labor Statistics (BLS) on Wednesday said output had also increased 3.1%, with hours worked also up 1.4%. Additionally, the number of Americans who applied for unemployment benefits at the end of February fell slightly.   The 1.7% increase in labor productivity for Q4 is 1.3% lower than expectations. It also shows that productivity is still lagging. …

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Oil-Ticks-Up-On-Improved-US-Economic-Data.html

Developer Of the World’s Largest Green Hydrogen Facility Plans New Megaprojects

Saudi Arabia’s energy firm ACWA Power, which is developing the world’s largest utility-scale green hydrogen facility in NEOM, plans to build three more giant green hydrogen projects in country, the company’s chief executive Paddy Padmanathan told Bloomberg in an interview published on Thursday.   On Wednesday, ACWA Power said it had finalized and signed the financing agreements for the NEOM Green Hydrogen Project at a total investment cost of $8.5 billion, funded by a combination of long-term debt and equity. ACWA Power is…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Developer-Of-Worlds-Largest-Green-Hydrogen-Project-Has-Plans-For-Much-More.html

Petrobras To Gear Up For “Unavoidable” Energy Transition

Petrobras’ CEO Jean Paul Prates declared on Thursday that Brazil’s state-run oil company must be ready for what he referred to as the “unavoidable” energy transition, adding that Petrobras wants to be a significant part of the transition process. As the South American nation looks to expand its offshore wind farms, Prates emphasized in a conference call with investors that Petroleo Brasileiro SA’s deepwater activities situated the firm in an excellent position to take part in wind power generation. But Petrobras isn’t giving up on oil and gas.…

Read more at: https://oilprice.com/Alternative-Energy/Renewable-Energy/Petrobras-To-Gear-Up-For-Unavoidable-Energy-Transition.html

SpaceX Is Leading The Private Space Race

Launching rockets into orbit is an expensive business. So costly that, thus far, only government space agencies or government-related companies have transported astronauts or satellites into space. Still, as Statista’s Florian Zandt details below,the private space industry has been booming in the last couple of years, with companies like Richard Branson’s Virgin Galactic, Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX providing varying degrees of suborbital and orbital space travel and transportation. In 2022, according to Bryce Tech,…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/SpaceX-Is-Leading-The-Private-Space-Race.html

Russia’s Latest Output Cut Shows Its Oil Weapon Is Weakening

On February 10, Russian Deputy Prime Minister Alexander Novak announced that Russia plans to cut its crude oil production by 500,000 barrels per day in March—that is, by approximately 5 percent of its total output at the time of writing. The Kremlin has described the move as retaliation for the Western sanctions regime and price caps (Interfax.ru, February 10). However, market observers reject this explanation, instead stipulating that Moscow has been forced to adjust its oil production due to the impact of sanctions coupled with various…

Read more at: https://oilprice.com/Energy/Crude-Oil/Russias-Latest-Output-Cut-Shows-Its-Oil-Weapon-Is-Weakening.html

Turkish Imports Of Russian Oil Hit Four-Month High In February

Amid an embargo on Russian seaborne crude to the European Union, NATO-member Turkey’s imports of Urals crude from Russia hit a four-month high in February thanks to resumption of purchases by Azerbaijan-owned STAR refinery in Turkey, Reuters reports exclusively. Citing Refinitiv Eikon ship tracking data, Reuters reports that Turkey imported 860,000 tonnes of Urals crude in February, compared to 620,000 tonnes in January and 370,000 tonnes in December. In February, 300,000 tonnes of Urals crude went into the STAR refinery, which had halted…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Turkish-Imports-Of-Russian-Oil-Hit-Four-Month-High-In-February.html

OPEC’s Oil Production Rises By 120,000 Bpd As Nigerian Output Rebounds

OPEC raised its crude oil production in February by 120,000 barrels per day (bpd) amid a rebound in Nigerian output which, however, continues to be well below the African country’s OPEC+ quota, a Bloomberg survey showed on Thursday.   OPEC pumped 29.24 million bpd of crude last month, up by 120,000 bpd from January, according to the survey based on tanker-tracking data, information from officials, and estimates from consultants. In January, OPEC’s production fell by 49,000 bpd from December as top producer Saudi Arabia slashed…

Read more at: https://oilprice.com/Energy/Energy-General/OPECs-Oil-Production-Rises-By-120000-Bpd-As-Nigerian-Output-Rebounds.html

Biden Offers $1.2 Billion To Nuclear Power Plants At Risk Of Closure

As part of a program to support nuclear power generation and the goal of zero-carbon electricity by 2035, the Biden Administration on Thursday offered funding of $1.2 billion to nuclear power reactors that are at risk of retiring soon or that ceased operations since November 15, 2021. The U.S. Department of Energy (DOE) today released application guidance for the second award cycle of the Civil Nuclear Credit Program, a $6 billion funding part of the Bipartisan Infrastructure Law to prevent the premature retirement of nuclear reactors across the…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Biden-Offers-12-Billion-To-Nuclear-Power-Plants-At-Risk-Of-Closure.html

JPMorgan: Russia Can Maintain Oil Production At Pre-War Levels

Russia will likely manage to keep its oil production around the levels from before the Russian invasion of Ukraine, thanks to solid demand for Russia’s crude oil in India and China, JPMorgan said on Thursday. “We believe Russia will be able to maintain its oil production at pre-war levels of 10.8 mbd (million barrels a day) but will have difficulties getting back to peak pre-COVID volumes of 11.3 mbd,” Reuters quoted the Wall Street bank as saying.   Still, Russia could struggle to divert part of its oil product exports away…

Read more at: https://oilprice.com/Energy/Energy-General/JPMorgan-Russia-Can-Maintain-Oil-Production-At-Pre-War-Levels.html

Deutsche Bank Tightens Lending Criteria For Coal Firms

Deutsche Bank is implementing a stricter policy for coal financing as part of additional measures to reinforce its net-zero commitment, Germany’s top lender said on Thursday, adding that it would also update its oil and gas policy at some point. The bank, however, didn’t announce any tighter criteria for oil and gas financing today. It only said it had recently updated its thermal coal policy that lays out the revenue threshold that determines if a corporate client is considered a thermal coal company. Deutsche Bank said it had lowered this revenue…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Deutsche-Bank-Tightens-Lending-Criteria-For-Coal-Firms.html

Stocks close higher, Dow gains 300 points as Fed’s Bostic spurs relief rally: Live updates

Strong results from Salesforce lifted the Dow Jones Industrial Average.

Read more at: https://www.cnbc.com/2023/03/01/stock-market-today-live-updates.html

Tesla’s plan to slash silicon carbide use sends some chipmakers’ shares down

Tesla plans to slash use of silicon carbide transistors 75%, powertrain engineering leader Colin Campbell told investors Wednesday.

Read more at: https://www.cnbc.com/2023/03/02/tesla-plans-to-slash-transistor-use-chipmaker-shares-plunge.html

Activist hedge fund manager Dan Loeb takes a passive stake in AMD

Third Point’s Dan Loeb has taken a passive stake in chipmaker AMD, sources told CNBC’s Scott Wapner.

Read more at: https://www.cnbc.com/2023/03/02/activist-hedge-fund-manager-dan-loeb-taking-a-stake-in-amd.html

ESPN wants to be the hub of all live sports streaming — even if it helps its competition

The idea aims to make ESPN the TV guide of live sports. The network has held talks with major leagues and media companies, sources said.

Read more at: https://www.cnbc.com/2023/03/02/espn-live-sports-streaming-hub.html

These are the highest quality stocks in the S&P 500 that could win in this volatile market

Bank of America equity strategist Savita Subramanian advised investors to own high quality stocks, or stocks with a S&P quality rating of B+ or better .

Read more at: https://www.cnbc.com/2023/03/02/here-are-the-highest-quality-stocks-in-the-sp-500-that-will-outperform.html

Mortgage rates jump back over 7% as inflation fears drive yields higher

Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S. 10-year Treasury.

Read more at: https://www.cnbc.com/2023/03/02/mortgage-rates-back-over-7percent.html

Salesforce is having its best day since 2020 after blowout earnings report

Salesforce beat estimates on Wednesday, and activist investor Elliott Management was complimentary after the company showed margin improvement.

Read more at: https://www.cnbc.com/2023/03/02/salesforce-stock-jumps-a-day-after-broad-based-earnings-beat.html

Biden’s student loan forgiveness plan spurred these heated Supreme Court exchanges

Questions on fairness and the scope of the president’s power emerged as the Supreme Court justices debated Biden’s student loan forgiveness plan.

Read more at: https://www.cnbc.com/2023/03/02/bidens-student-loan-forgiveness-spurs-heated-supreme-court-exchanges.html

Silvergate discloses uncertain future, and senators dub Binance ‘hotbed’ for crime: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Ben McMillan, founding partner and CIO of IDX Digital Assets, discusses his market outlook amid the backdrop of a crypto crackdown.

Read more at: https://www.cnbc.com/video/2023/03/02/silvergate-discloses-uncertain-future-senators-dub-binance-hotbed-crime-cnbc-crypto-world.html

Ukraine war live updates: Biden to meet with EU’s von der Leyen; situation ‘critical’ in Bakhmut as retreat contemplated

Russian forces appear to be tightening the noose around the city of Bakhmut in Donetsk, prompting military analysts to question whether Ukraine should withdraw.

Read more at: https://www.cnbc.com/2023/03/02/ukraine-war-live-updates-latest-news-on-russia-and-the-war-in-ukraine.html

California winter storms bring heavy snow; Newsom declares state of emergency in 13 counties

Gov. Gavin Newsom on Wednesday declared a state of emergency in 13 California counties affected by the storms, including blizzard conditions in some areas.

Read more at: https://www.cnbc.com/2023/03/02/california-winter-storms-newsom-state-of-emergency-in-13-counties.html

American workers aren’t returning to the office like their international counterparts—here’s why

Several global cities steadily reached at least 75% office occupancy throughout the pandemic, including Tokyo, Seoul, Singapore, Paris and Stockholm.

Read more at: https://www.cnbc.com/2023/03/02/why-us-return-to-office-plans-are-lagging-behind-global-cities.html

Trump can face civil lawsuits over the Jan. 6 riot, DOJ says

Justice Department attorneys told a federal appeals court that Trump does not have absolute immunity from civil lawsuits stemming from the Jan. 6 Capitol riot.

Read more at: https://www.cnbc.com/2023/03/02/trump-can-face-civil-lawsuits-over-the-jan-6-riot-doj-says.html

What The Growth In ‘Financial Shenanigans’ Says About The Economy

Authored by Jesse Felder via TheFelderReport.com,

We have already seen an inordinate amount of outright fraud this cycle (see this and this) that has, so far, proven to be a terrific indicator of where we stand in the larger market cycle.

Today, Bloomberg reports that earnings quality for the S&P 500 Index recently fell to its worst levels in at least three decades and this may be an important sign of where we stand in the larger economic cycle.

The wa …

Read more at: https://www.zerohedge.com/markets/what-growth-financial-shenanigans-says-about-economy

Dan Loeb Takes Passive Stake In AMD, Stock Jumps

Having frequently asked when billionaire activist investor Dan Loeb would revisit the melting ice cube that is Intel, where his hedge fund Third Point revealed an activist stake in 2020 and pushed the company to explore “strategic alternatives” only to quietly unwind the position in 2021 when the stock soared before subsequently crashing…

When is @DanielSLoeb1 going activist on intel again?

— zerohedge (@zerohedge) August 23, 2022

… moments ago we got the answer when CNBC’s Scott Wapner reported that Loeb is turning his attention not to Intel, which just slashed its dividend by 66%, and which some have speculated is too far gone for even a brilliant activist to save as the following chart of its projected revenue shows…

Read more at: https://www.zerohedge.com/markets/dan-loeb-takes-passive-stake-amd-stock-jumps

Mississippi Bans ‘Gender-Affirming Care’ For Minors

Authored by Katabella Roberts via The Epoch Times (emphasis ours),

Mississippi has become the latest state to ban health care professionals from providing “gender-affirming care” for transgender youth in what officials say will stop the attempt to “push a sick and twisted ideology” on children.

Mississippi Republican Gov. Tate Reeves, speaking at the White House in September 2020. (Mandel Ngan/AFP via Getty Images)Mississippi Gov. Tate Reeves, a Republican, signed the GOP-led House Bill 1125, also known as the “Regulate Experimental Adolescent Procedures (REAP) Act” into law on Feb. 28.

Under the legislation, which is effe …

Read more at: https://www.zerohedge.com/political/mississippi-bans-gender-affirming-care-minors

The Inverse Jim Cramer ETF Has Officially Arrived

If you’re active in the markets, it’s almost a certainty that you’ve heard a joke about betting on the opposite of whatever non-stop-stock-picker Jim Cramer suggests to retail investors.

Now, retail investors can do just that. There is a new pair of products coming to market this week called the Inverse Cramer Tracker ETF (ticker SJIM) and the Long Cramer Tracker ETF (LJIM) that will now allow investors to bet against (or with) the Mad Money host.

The same group that brought you SARK, the inverse ARKK Fund ETF are the ones putting together the ETFs. The funds are the brain-child of Matthew Tuttle, CEO of Tuttle Capital Management.

“If he specifically says either buy, buy, buy a stock, then we’re gonna go short that stock at the next practical moment,” he recently told Bloomberg. “If he tells you he hates a stock or sell, sell, sell or something like that, then we’re gonna go long that name again at the next kind of practical entry point.”

The inverse fund “is an actively managed exchange-traded fund that seeks to achieve its investment objective by engaging in transactions designed to perform the opposite of the return of the investments recommended by television personality Jim Cramer,” the company said in a prospectus late last year.

Read more at: https://www.zerohedge.com/markets/inverse-jim-cramer-etf-has-officially-arrived

Seed sales jump as fruit and veg shortage continues

The Royal Horticultural Society says demand has risen as shops limit sales of some fresh produce.

Read more at: https://www.bbc.co.uk/news/business-64811491?at_medium=RSS&at_campaign=KARANGA

WH Smith staff data hit by cyber-attack

The High Street retailer says customer accounts and databases are not affected by the incident.

Read more at: https://www.bbc.co.uk/news/business-64823923?at_medium=RSS&at_campaign=KARANGA

Building giant CRH chooses US over London in blow to UK

CRH says it is considering moving its main share listing in a further blow to the UK stock market.

Read more at: https://www.bbc.co.uk/news/business-64821560?at_medium=RSS&at_campaign=KARANGA

Will HAL make the cut for MSCI index inclusion in the May review?

Hindustan Aeronautics has an order book position of Rs 84,000 crore and another Rs 50,000 crore worth of orders are in the pipeline. The PSU company, one of the largest aerospace and defence manufacturers in the world, designs and manufactures aircraft, helicopters, power plants, inertial navigation system and other key equipment.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/will-hal-make-the-cut-for-msci-index-inclusion-in-the-may-review/articleshow/98358119.cms

Golden Crossovers: These 4 stocks signal further bullishness

In the NSE list of stocks, four stocks with a market cap of over Rs 250 crore have been witnessing Golden Crossovers, according to stockedge.com’s technical scan data.

Read more at: https://economictimes.indiatimes.com/markets/web-stories/golden-crossovers-these-4-stocks-signal-further-bullishness/articleshow/98353042.cms

Coal India among 7 stocks that closed above their 200 DMA

In the Nifty200 pack, seven stocks closed above their 200 DMA (Daily Moving Averages) on March 1, according to stockedge.com’s technical scan data.

Read more at: https://economictimes.indiatimes.com/markets/web-stories/coal-india-among-7-stocks-that-closed-above-their-200-dma/articleshow/98352344.cms

Futures Movers: Demand optimism lifts oil futures to their highest finish in 2 weeks

Oil futures settle at their highest in two weeks, boosted by improving signs of demand.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-71A8-4089FA3225A5%7D&siteid=rss&rss=1

Market Snapshot: Dow, S&P 500 and Nasdaq push higher as stocks look past rising Treasury yields

U.S. stocks turn higher Thursday afternoon, shaking off earlier weakness, despite the 10-year Treasury yield topping 4% on worries about more Federal Reserve interest rate hikes.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-71A8-2A286AE83AEB%7D&siteid=rss&rss=1

The Ratings Game: Okta stock surges as Wall Street thinks software company is ‘partially out of the woods’

Okta shares rallied Thursday as Wall Street greeted the identity-management software company’s forecast of profitability for the year with cautious optimism.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-71A8-A71E6518D2EF%7D&siteid=rss&rss=1