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  • Asia’s renewables need massive grid investment

    From woodmac.com

    Across Asia Pacific, the rapid increase in wind and solar installations is dramatically altering the power mix and helping reduce carbon emissions. But this much-needed growth in capacity is already being challenged by transmission and distribution grids ill-suited for both the intermittency of renewables and the location of new projects often far from traditional load centres. The result is a rising inability of national grids – designed to deliver power from large coal, nuclear and gas plants – to support the level of renewables needed to come close to putting the region on a pathway to net zero. In many ... (full story)

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    Natural Gas Inventory +96 bcf vs +101 bcf Expected

    From streetinsider.com|May 25, 2023

    Working gas in storage was 2,336 Bcf as of Friday, May 19, 2023, according to EIA estimates. This represents a net increase of 96 Bcf from the previous week. Stocks were 529 Bcf ...

    If There is an Economic Downturn, When Will It Begin?

    From cmegroup.com|May 25, 2023

    All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author ...

    US Pending Home Sales Recorded No Change in April

    From nar.realtor|May 25, 2023

    Pending home sales recorded no change in April, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the Northeast decreased. All ...

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    How will higher carbon prices affect growth and inflation?

    From ecb.europa.eu|May 25, 2023

    Urgent action is needed to reduce greenhouse gas emissions and prevent the most disastrous effects of climate change. This is why the EU aims to reduce such emissions by 55% by ...

    U.S. gasoline prices are down from 2022 heading into Memorial Day weekend

    From eia.gov|May 25, 2023

    The retail price for regular-grade gasoline in the United States on May 22, the Monday before Memorial Day weekend, averaged $3.53 per gallon (gal), 26% (or $1.24/gal) lower than ...

    Turkey's runoff election is paralyzing key oil exports from northern Iraq

    From cnbc.com|May 25, 2023

    Turkey’s runoff election is compounding delays to restart roughly 450,000 barrels per day of Iraqi crude oil exports, as Ankara studies its relationship with Baghdad, analysts and ...

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  • Posted: May 25, 2023 10:50am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 101
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    Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), First Quarter 2023
    From bea.gov|May 25, 2023|14 comments
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