Wednesday, December 25

Tag: commodity

China’s EV Champion BYD Will Take on the World in 2024
2Jan By adminNo Comments
Money

China’s EV Champion BYD Will Take on the World in 2024

China’s electric-vehicle maker BYD will be on top of the world this year, with overseas markets its main battleground.At home, it already surpassed Volkswagen as the most popular car brand in China last year. Globally, it will likely overtake Tesla as the bestselling pure EV maker in 2024.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Shale Is Keeping the World Awash With Oil as Conflicts Abound
1Jan By adminNo Comments
World

Shale Is Keeping the World Awash With Oil as Conflicts Abound

Updated Jan. 1, 2024 12:05 am ETA surprise surge in American oil and gas production and exports is helping to keep the world stocked, blunting the impact of widening conflict in the Middle East that has crimped key shipping lanes. When Iranian-backed Houthi militants began launching missiles and drones at ships crossing the Red Sea near Yemen in October, many feared disruption to the vital shipping lane would drive up energy prices. But oil and gas prices this past month have sunk about 5% and 23%, respectively. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Shale Is Keeping the World Awash With Oil as Conflicts Abound
1Jan By adminNo Comments
Money

Shale Is Keeping the World Awash With Oil as Conflicts Abound

Updated Jan. 1, 2024 12:05 am ETA surprise surge in American oil and gas production and exports is helping to keep the world stocked, blunting the impact of widening conflict in the Middle East that has crimped key shipping lanes. When Iranian-backed Houthi militants began launching missiles and drones at ships crossing the Red Sea near Yemen in October, many feared disruption to the vital shipping lane would drive up energy prices. But oil and gas prices this past month have sunk about 5% and 23%, respectively. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Meet America’s Newest Oil-Trader Extraordinaire: Joe Biden
31Dec By adminNo Comments
Money

Meet America’s Newest Oil-Trader Extraordinaire: Joe Biden

Updated Dec. 31, 2023 2:36 pm ETHead of state. Commander in chief. Oil-trading whale?President Biden’s unprecedented release of oil from the U.S. petroleum reserves in 2022 turned the White House into an unusually active player in the volatile crude market. The flood of emergency supplies helped arrest surging oil prices after Russia invaded Ukraine, and pulled billions of dollars into the Energy Department’s coffers in the process.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Meet America’s Newest Oil-Trader Extraordinaire: Joe Biden
31Dec By adminNo Comments
World

Meet America’s Newest Oil-Trader Extraordinaire: Joe Biden

Updated Dec. 31, 2023 2:36 pm ETHead of state. Commander in chief. Oil-trading whale?President Biden’s unprecedented release of oil from the U.S. petroleum reserves in 2022 turned the White House into an unusually active player in the volatile crude market. The flood of emergency supplies helped arrest surging oil prices after Russia invaded Ukraine, and pulled billions of dollars into the Energy Department’s coffers in the process.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Nasdaq Beats NYSE in IPO Race for Fifth Year in a Row
30Dec By adminNo Comments
World

Nasdaq Beats NYSE in IPO Race for Fifth Year in a Row

Updated Dec. 29, 2023 6:39 pm ETNasdaq beat the New York Stock Exchange in the battle for initial public offerings in 2023, the fifth consecutive year in which the once-dominant NYSE has fallen behind its rival.IPOs at Nasdaq have raised $13.7 billion compared with $10.4 billion for new listings at the NYSE, according to data provider Dealogic. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Fed Alone Can’t Make Gold Sparkle in 2024
29Dec By adminNo Comments
Money

The Fed Alone Can’t Make Gold Sparkle in 2024

Updated Dec. 29, 2023 4:23 pm ETOn the fifth day of Christmas my true love sent to me: five gold rings, which turned out to be much more expensive than a year ago. The key investment question is whether they will be worth even more by the time next Christmas comes around.New York gold futures closed at $2,062.40 an ounce Friday, ending the year with a 13.34% gain and very near the record close of $2,081.90 reached Wednesday. This snaps a two-year losing streak.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why Oil Prices Never Surged to $100 This Year
29Dec By adminNo Comments
Money

Why Oil Prices Never Surged to $100 This Year

Travelers, truckers and shippers worldwide can thank the U.S. for helping keep a lid on oil and gasoline prices this year.A year ago, Wall Street analysts were predicting the international benchmark for oil prices would surge from around $85 a barrel to well over $100 in 2023. Instead, Brent crude will likely enter 2024 slightly cheaper than where it started this year, though experts warn any spread in global instability could drive it higher. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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How China Manages Its Currency—and Why That Matters
29Dec By adminNo Comments
World

How China Manages Its Currency—and Why That Matters

Updated Dec. 29, 2023 8:31 am ETChina’s approach to its currency is a mix of bold ambition and fear of dollar strength.The yuan has lost 3% of its value against the greenback in 2023 and was doing even worse before the dollar slipped against most global currencies in November. The yuan traded around 16-year lows against the dollar in September. A dollar now buys around 7.11 yuan.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why Oil Prices Never Surged to $100 This Year
29Dec By adminNo Comments
World

Why Oil Prices Never Surged to $100 This Year

Travelers, truckers and shippers worldwide can thank the U.S. for helping keep a lid on oil and gasoline prices this year.A year ago, Wall Street analysts were predicting the international benchmark for oil prices would surge from around $85 a barrel to well over $100 in 2023. Instead, Brent crude will likely enter 2024 slightly cheaper than where it started this year, though experts warn any spread in global instability could drive it higher. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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