Nuclear energy experienced a significant stagnation following the nuclear reactor disaster of 2011 in Japan. Still, the push towards clean energy and the surge in power demand from data centers that fuel the AI hype have made nuclear energy attractive again.
The light sweet crude oil market continues to see a lot of volatility on Monday, as we have in fact gapped to the upside and then rallied a bit, but we are already starting to see some of the strength leave the market.
The island imports significant qualities of Russian naphtha, a fossil-fuel derivative needed in the high-tech sector. Until recently, it also sourced much of its coal from Russia.
Day traders who dare to pursue WTI Crude Oil this coming week will see the commodity ended Friday’s trading near the 56.655 mark, slightly above last week’s finish, but that isn’t the whole story.
Climate change shifted the oil production debate from scarcity to demand. If countries do not deliver on ambitious green pledges, one expert predicts that production may peak within two years, forcing a chaotic decline.
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