For Turkmenistan and its ambitions to export its vast natural gas reserves westward, Iran is a tantalizing but also potentially cheap, and quick, Plan B. Relying on a partner like Tehran, however, creates potentially profound complications. The possibility of falling prey to Western sanctions cannot be discounted. And Iran has at times proven an unreliable supplier. Turkmenistan is already sending gas to Iran, albeit as part of a swap arrangement with Azerbaijan. Two billion cubic meters of gas... Читать дальше...
By Michael Msika, Bloomberg markets live reporter and strategist January and February are usually pretty good months for Europe’s mining stocks, as factories in China rush to replenish their metals reserves. This year, that seasonal lift will hinge on Beijing coming through with stimulus. The Stoxx 600 Basic Resources index is coming into 2023 after a decent run of gains, bouncing 13% from its October 23 trough as it became clear central banks are done hiking interest rates. Historical patterns... Читать дальше...
Authored by Stefan Gleason via Money Metals, The gold market is poised to make history in 2024. It enters the New Year within striking distance of new all-time highs. How high will gold go? Much depends on how low interest rates and the U.S. dollar go. The Federal Reserve ended its rate hiking campaign last fall. It is expected to pivot toward monetary easing later this year. That should work to the benefit of gold and other hard assets. Of course, there remains much uncertainty surrounding the economy, inflation, and interest rates. Читать дальше...
Canada’s oil producers plan higher output for this year and expect to earn more from their heavy crude once the long-delayed expanded Trans Mountain Pipeline enters into service. The start date of the Trans Mountain Pipeline Expansion (TMX) is the key uncertainty this year for the Canadian oil industry, the benchmark Canadian heavy oil prices, and the revenues for the oil-producing province of Alberta. Despite this uncertainty about the additional export capacity from Alberta’s oil sands, some... Читать дальше...
According to assessments by the International Renewable Energy Agency in 2022, Germany had an installed photovoltaic capacity of around 67 gigawatts, making it the European country with the greatest solar energy potential. As Statista's Anna Fleck details below, the capacity of the Federal Republic in that year was more than twice as high as Italy's, which ranked second with 25 gigawatts. But, as the graphic illustrates, the expansion of solar potential in Germany over the past decade has been comparatively... Читать дальше...
