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Tesla’s production expansion, surging oil prices bring stock upgrade from Daiwa Securities

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Tesla’s ( NASDAQ: TSLA ) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock. The factory in Shanghai manufactured 51.7

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IHS Markit says outlook for crude oil prices strengthens through 2021

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Meanwhile, the global demand recovery is showing clear signs of plateauing and Chinese crude buying has begun to soften. Barring a large second wave of COVID-19 cases driving widespread economic shutdowns, IHS Markit expects Brent will stay within a $40-$47/bbl price band on average over the next four quarters.

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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After seven consecutive quarters of hefty inventory draws, slowing demand growth and a rise in world oil supply through the end of the year should help world oil markets rebalance, IEA suggests. Higher oil prices and a weaker economic outlook continue to temper IEA’s oil demand growth expectations. mb/d to 101.6

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

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Among sellers, signings were roughly evenly split between the United States, Russia, Qatar and portfolio suppliers (although many of the latter are likely to source volumes from US projects). Among buyers, mainland China was by far the largest specified end-market, with Chinese buyers signing around 25 MMtpa of firm long-term deals.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

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PBL analysis finds that resources are not depleted, but expensive; badly functioning markets and wrong policies

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Thus, high energy prices lead to high food prices, as transport and fertilizers become more expensive. High oil prices increase the appeal of biofuels, and a subsequent increasing demand for corn and grain leads to higher food prices and additional food scarcity.

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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

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The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. In May, VW and Chinese carmaker BYD signed a memorandum of understanding to explore the options for partnership in the area of hybrids and electric vehicles powered by lithium batteries. Currently, cars contribute. Earlier post.).

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