GBP News 

‘More than 100,000’ take to London streets to demand new Brexit vote

“Tens of thousands of pro-EU protesters have taken to the streets of London to demand a referendum on the terms of Brexit, two years on from the vote” writes May Bulman for independent.co.uk. MPs are expected to vote on the final Brexit deal in the autumn, with the government having repeatedly insisted that leaving the EU without a withdrawal agreement remains a possibility.International trade secretary Dr Fox claimed the economic impact of a “no deal” Brexit on EU members would be “severe”, while foreign secretary Mr Johnson said people would…

Read More
News 

Renewable energy seeks demand, investment to survive Trump squeeze

“Beane said Avangrid Renewables is betting on prospects for “a lot of demand for offshore wind power in the U.S. Northeast.”” reports businessinsider.com. “More and more corporations and consumers are saying ‘We want 100 percent renewable energy,’” she said, adding city and state governments are adopting renewable-friendly policies to reflect that growing demand.Yet he also expects growing demand from tech corporations that have pledged to be carbon-neutral and will not rely on wind or solar energy for profits. Source: businessinsider.com Share This:

Read More
News 

ERCOT expects Texas power demand to break June record in heat wave

“The Electric Reliability Council of Texas, or ERCOT, forecast demand will peak at 68,374 MW on Friday, topping the record for the month, 67,887 MW, set on June 1” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Homes and businesses in Texas are expected to set a daily electricity consumption record for June on Friday as consumers crank up their air conditioners to escape a brutal heat wave, according to the operator of most of the state’s power grid.Peak demand also broke monthly records in May when demand hit a…

Read More
News Oil 

OPEC strives for oil deal as Iran insists on modest rise in output

“For possible output-cut scenarios, see For a factbox on the history of OPEC oil output changes, see To view a graphic on the balance between global oil supply and demand, click: https://reut.rs/2MB4tH3” writes Midwest Communications Inc for 95kqds.com. OPEC and its allies have since last year been participating in a deal to cut output by 1.8 million bpd. Source: 95kqds.com Share This:

Read More
News 

FedEx orders Boeing freighters for $6.6 billion

“Air freight demand is expected to increase 4 percent this year, according to the International Air Transport Association (IATA)” writes Midwest Communications Inc for 95kqds.com. (Reuters) – FedEx Express, a unit of package delivery company FedEx Corp , has ordered 24 medium and large freighters from Boeing Co , the world’s biggest planemaker said on Tuesday, as e-commerce demand boosts air freight business.Last year was the best for cargo since 2010, with traffic growth more than doubling to 9 percent, three times the growth in capacity. Source: 95kqds.com Share This:

Read More
News Oil Regulators 

The world’s becoming more dependent on riskier U.S. shale, Dallas Fed chief says

“Global oil demand will be more dependent on U.S. shale production growth, but there are a number of impediments to shale oil growth that raise the risk that shale will be unable to keep up beyond the short term, according to Dallas Fed President Rob Kaplan” writes Senior Economics Reporter for marketwatch.com. Among the challenges are that the shale industry is facing a shortage of workers.Due to these impediments, “there is a growing likelihood of an eventual global undersupply situation in which shale will be unable to keep up with…

Read More
News Stocks 

Micron earnings preview: Blindly bet on this one

“The Boise, Idaho-based company will report third quarter earnings results tomorrow after market close” reports alphastreet.com. Increasing prices and strong demand will likely see DRAM driving the chipmaker’s earnings in the third quarter as well.Analysts expect third quarter revenues to jump 38% to an approximate $7.70 billion, riding on strong demand for memory chips.Micron has previously posted 10 consecutive quarterly earnings surprises, and there is no reason why it shouldn’t this time.Meanwhile, Micron’s other key product, NAND, has witnessed a narrowed supply-demand gap in the past quarter, according to data…

Read More
Markets News Oil 

Saudis keen to pump more oil but cartel’s other members not sold

“Crude oil demand now outstrips supply, and Opec members will debate whether to lift the 18-month-old production cap to stabilize prices” writes Debbie Carlson for theguardian.com. After surprising discipline by Opec members to hold to the cap, more oil is coming to the market.Trump complained at least twice, on 20 April, and then again on 13 June, about oil prices. Source: theguardian.com Share This:

Read More
News 

Royal Caribbean’s $1 billion deal shows demand for cruises off the beaten path

“Royal Caribbean Cruises dove head-first into luxury and expedition cruising with its latest deal” writes Jacob Passy for marketwatch.com. Indeed, Royal Caribbean is not the only company to double down its investment in expedition cruises.Royal Caribbean struck the deal to fill a gap in the company’s portfolio, Royal Caribbean Chief Executive Richard Fain told MarketWatch. “The ultra-luxury and expedition markets are growing so much more exponentially than other markets,” he said.The Miami-based cruise company RCL, +0.89% said Thursday that it had agreed to pay roughly $1 billion to acquire a…

Read More
News Oil 

Oil prices fall as U.S. crude production hits another record

“But the rising output came amid strong demand, which traders said prevented crude prices from falling further” writes Midwest Communications Inc for 95kqds.com. Brent crude futures , the international benchmark for oil prices, were at $76.46 per barrel at 0046 GMT, down 28 cents, or 0.4 percent, from their last close.With demand for oil strong, Morgan Stanley said the group’s “production is likely to creep higher.”. SINGAPORE (Reuters) – Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in U.S. fuel inventories provided…

Read More