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OilPrice.com6d05/22war-conflict · 3/5

EU Warns Energy Prices Will Stay Elevated Through 2027

Top EU officials said Friday that oil and gas prices are expected to remain elevated through at least the end of 2027, with the fallout from the Iran war likely to keep pressure on inflation and economic growth. Speaking after a meeting of eurozone finance ministers in Cyprus on Friday, EU Economy Commissioner Valdis Dombrovskis said higher energy costs are now expected to drive inflation to 3.1% this year and 2.4% in 2027—well above the bloc’s earlier forecast of 1.9% for this year. The concern

middle-east · russia · usa
OilPrice.com6d05/22war-conflict · 3/5

Pakistan Looks to Host Crude Reserve Sites of Gulf Oil Producers

Pakistan is encouraging oil producers from the Persian Gulf to set up crude reserve buffers at a planned Energy City near one of its ports, The Express Tribune reported on Friday. "In case of emergencies like the breakout of war, Pakistan will have the first right to utilise the oil reserves," a Pakistani official told the publication. Pakistan, which doesn't have crude reserves at present to act as a buffer in case of emergencies, has been reeling from the Middle East crisis and negotiating wit

middle-east · russia · usa
Reddit r/investing6d05/22

Jensen Huang says Nvidia has "largely conceded" China's AI chip market to Huawei, yet zero H200 chips have actually shipped

I was watching the NVDA earnings call yesterday and Jensen Huang said something on CNBC after that I had to rewind twice. He straight up said Nvidia has "evacuated" and "really largely conceded" the China AI chip market to Huawei, and told investors to "expect nothing" from China. This is a company that had 95% of that market a few years ago and the CEO is now publicly saying it's at zero. What makes it even stranger is the U.S. already approved about 10 companies (Alibaba, Tencent, ByteDance, J

Socialchina
OilPrice.com6d05/22war-conflict · 4/5

Iran Is Tightening Its Grip on the Strait of Hormuz

Shortly after the outbreak of the war with the United States and Israel, Iran took control of the Strait of Hormuz, a key artery for global oil and gas supplies. By threatening and attacking international shipping, Iran brought maritime traffic to a virtual standstill, giving it significant leverage over its neighbors in the Persian Gulf and the global economy. Now, the Islamic Republic is formalizing its dominance over the strategic chokepoint by imposing a new transit regime. That is despite r

middle-east · russia · usa
BaFin Pressemitteilungen6d05/22war-conflict · 4/5

Identity abuse: Bafin also warns about the website goldridgepartners(.)com

The financial regulator Bafin warns against offers on the goldridgepartners(.)com website. There is a suspicion that the unknown operators of the website are offering financial and investment services without permission. Contrary to the information on the website, the offers do not come from Golding Capital Partners GmbH, based in Munich. It is a misuse of identity.

germany
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