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21 Stocks to Buy in Energy As Oil Prices Rise: Goldman Sachs businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.
Lo que un oso nos enseñó sobre la amistad nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
The IEA was founded by Henry Kissinger. It’s not run by radicals. KATIE SCHUBAUER/AFP/Getty Images A bombshell new 227-page report from the International Energy Agency on paths to avoiding climate catastrophe doesn’t mince words: “Beyond projects already committed as of 2021,” its authors write, “there are no new oil and gas fields approved for development in our pathway, and no new coal mines or mine extensions are required.” Put simply, the Paris-based intergovernmental organization declares in big, bold text what for American politicians is unthinkable: “There is no need for investment in new fossil fuel supply.” Drillers, the IEA suggests, will have to rely on “existing assets.” ....
Here’s what the oil market thinks OPEC+ should do next Major oil producers will put their negotiation skills to the test when they meet to discuss production levels in early March. The gathering comes as Saudi Arabia and Russia, two of the world’s largest producers, attempt to balance rising crude prices, tightening global supplies and an uncertain path of recovery for energy demand. Strength in oil prices may encourage producers to consider lifting output. The biggest incentive for the Organization of the Petroleum Exporting Countries and their Russia-led allies, collectively known as OPEC+, to raise production will be the need to “take advantage of the high-priced oil,” says Stan Bharti, founder of merchant bank Forbes & Manhattan. ....
Major oil producers will put their negotiation skills to the test when they meet to discuss production levels in early March, as Saudi Arabia and Russia attempt to seek balance between crude prices at their highest in more than year, tightening global supplies and an uncertain path of recovery for energy demand. ....