Rare Winter Storm Sweeps Gulf Coast, Brings Historic Snowfall
Trump wants to ban wind farms, causing the stock price of the world's largest offshore wind power Operator to plummet.
On January 20 local time, Danish offshore wind power giant Ørsted announced a large-scale cut to its USA Business. This move comes as Trump takes office as President of the USA, casting a shadow over the prospects for the Wind Power industry - just hours after the latest impairment announcement, Trump was officially inaugurated and suspended new offshore wind power leases. After the market opened on Tuesday, Ørsted's European stocks fell more than 17%.
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New Jersey Resources Entered Into A New Collaborative Effort With Rutgers University To Advance The University's "Vibrant Communities" Program. NJR Committed $50,000 From Its Coastal Climate Initiative
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OPEC Monthly Report: OPEC expects oil demand to steadily increase by 2026.
OPEC predicts that driven by India and China, oil demand will continue to grow steadily for another year. In the next two years, Global oil consumption is expected to grow "strongly" by 1.4 million barrels per day. Theoretically, this forecast will provide room for Saudi Arabia and its OPEC+ partners to restore about 2 million barrels per day of offline production capacity in the coming two years.
CPI Read: Food Prices Drop for Bread, Poultry, and Fish; Eggs and Orange Juice Are Still in Inflation Mode
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The largest Energy IPO in over a decade! USA LNG company Venture Global seeks a valuation of 110 billion dollars.
According to the documents submitted by Venture Global, the company plans to issue 50 million shares of Stocks at a maximum price of $46 per share, raising up to $2.3 billion. Under Trump's possible New energy Fund policies, LNG developers are expected to be one of the biggest beneficiaries.
A five-month high! Amidst a chorus of bearish voices, oil prices continue to rise.
The market previously widely expected that there would be a significant oversupply in the Crude Oil Product market this year, and that oil prices would remain stable or weaken. However, with the USA announcing a new round of sanctions on the Russian Energy sector, the market outlook became complex, compounded by concerns over Trump's tariff policy, leading to rising oil prices for consecutive days.
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Barclays Maintains Equal-Weight on Kinetik Holdings, Raises Price Target to $61
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Oil at Four-Month High Amid New Sanctions on Russia
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