OPEC+ is looking to increase production ahead of restrictions on Russian oil

Group delegates said Saudi Arabia and other OPEC oil producers are discussing increasing production, in a move that could help heal the rift with the Biden administration and keep energy flowing amid new attempts to undermine Russia’s oil industry over the war in Ukraine. Delegates said increasing production by up to 500,000 barrels per day … Read more

The world’s largest dirty energy club is cracking – Politico

Click play to listen to this article The fossil fuel industry is facing the unraveling of one of its most important international agreements — and the man running the show isn’t taking it very well. A string of major EU governments have now abandoned the Energy Charter Treaty (ECT), a deal between 53 countries originally … Read more

World Bank President Survives Climate Slip, But Fossil Fuel Policy May Not Survive – Politico

WASHINGTON – David Malpass’ job as World Bank president appears secure despite calls for his ouster by climate advocates, but recent controversy over his climate views may have helped drive changes to help clean energy despite his resistance. Malpass apologized for his comments in late September that downplayed the impact of humans and fossil fuels … Read more

Europe investigates unexplained gas leak in Nord Stream pipelines

BERLIN – European authorities are investigating mysterious leaks on two currently closed Russian natural gas pipelines to Germany, with officials telling ships to stay away from the area. accidents for her No effect on gas supplies in Europe Since both links are not currently in use. Germany halted Nord Stream 2 pipelines in February due … Read more

Morgan Stanley says investors should consider this port in the market storm right now

It appears that the massive selloff in the British pound, which is credited with exacerbating the global rout of markets last week, will continue to wreak havoc on Monday. Old Blighty’s economic woes add to the list of growing concerns in the markets, which is driving more investors into the dollar and out of riskier … Read more

Stocks are sinking and rates are rising. It hurts, but we’re heading back to normal.

stocks and bonds stumble. housing weakened. And I haven’t heard a word about nonfungible cartoon monkey icons Maybe in three months. Strategists are now turning to really exotic assets – two I spoke with last week recommended buying long-term Treasurys. Someone also said that he prefers stocks of companies that are generating cash, and was … Read more