To The Moon

Global oil markets are headed toward a major glut this decade, a global energy watchdog forecast, citing surging supplies and slowing demand growth for crude thanks to lower-emissions energy sources.Oil-demand growth is set to peak by 2029 and start to contract the following year, reaching 105.4 million barrels a day in 2030 as the rollout of clean-energy technologies accelerates, according to the Paris-based organization. Meanwhile, oil-production capacity is set to ramp up to nearly 113.8 million barrels a day, driven by producers in the U.S. and the Americas.Despite the slowdown, global oil demand in 2030 is still forecast to rise by 3.2 million barrels a day from 2023, the agency said. The increase will be driven by strong demand from economies in Asia--particularly by a surge of petrol use in India and a booming petrochemical sector in China. But rising electric-car sales, fuel-efficiency improvements and the use of renewables for electricity generation will increasingly offset ga

Global oil markets are headed toward a major glut this decade, a global energy watchdog forecast, citing surging supplies and slowing demand growth for crude thanks to lower-emissions energy sources.Oil-demand growth is set to peak by 2029 and start to contract the following year, reaching 105.4 million barrels a day in 2030 as the rollout of clean-energy technologies accelerates, according to the Paris-based organization. Meanwhile, oil-production capacity is set to ramp up to nearly 113.8 million barrels a day, driven by producers in the U.S. and the Americas.Despite the slowdown, global oil demand in 2030 is still forecast to rise by 3.2 million barrels a day from 2023, the agency said. The increase will be driven by strong demand from economies in Asia--particularly by a surge of petrol use in India and a booming petrochemical sector in China. But rising electric-car sales, fuel-efficiency improvements and the use of renewables for electricity generation will increasingly offset ga

Malaysia PM says keen to meet potential investors in SingaporeSingapore PM says open to proposals for KL-Singapore railSingapore and Malaysia are close to finalizing plans to develop a special economi

June 5 - The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft , OpenAI and Nvidia play in the artificial intelligence industry, the New York Times reported on Wednesday, citing people familiar with the matter.

Both the Electric Vehicle industry and Tesla, Inc. have lost sales momentum.Tesla is situated well within the auto industry, but the company must successfully restructure.Tesla will pivot to high-volu