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Can an AI Black Box Be Trusted to Run a Nuclear Reactor?
China has unveiled a daring new plan to integrate artificial intelligence throughout the nuclear energy life cycle. This week, at the World Artificial Intelligence Conference (WAIC) in Shanghai, researchers at the Chinese Academy of Sciences (CAS) revealed a new plan for safely integrating artificial intelligence into the nuclear sector, called ADANES – the Accelerator-Driven Advanced Nuclear Energy System. The system “fundamentally changes the safety logic that governs conventional nuclear...
UCLA Scientists Turn Plastic Waste Into Pure Hydrogen Fuel
Green hydrogen was supposed to be a silver bullet solution for decarbonizing hard-to-abate sectors like shipping and steelmaking. It was the buzziest technology out there – and then it fizzled out completely. But after years of languishing in labs without reaching any meaningful level of commercialization, hydrogen is making a roaring comeback thanks to back-to-back scientific breakthroughs and renewed interest in the fossil fuel alternative against the backdrop of the global oil and gas crisis...
EU Backs Off Methane Rules as Energy Security Fears Mount
The European Commission (EC) has informed EU governments that they should waive penalties for oil and gas companies that breach its methane emissions law for the next three years, owing to pressure from the United States government to scrap the rules. While the decision is not binding, many member states are expected to follow the EC’s advice. The EC made the move after the U.S. and Qatar, as well as oil and gas industry groups and most EU member states, voiced concerns about the strict rules...
Triple Oil Supply Shock Tests Global Markets: Five Key Levels to Watch
Global financial markets ended last week with an unmistakable sense of caution. Brent crude climbed back to $100 for the first time since May and posted a weekly gain of almost 12%, reflecting growing concern that disruptions to global oil supplies are becoming more widespread. Even so, broader markets have yet to display signs of […] The post Triple Oil Supply Shock Tests Global Markets: Five Key Levels to Watch appeared first on ActionForex.
The Weekly Bottom Line: Cooler Inflation Quiets Calls for a July Hike
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights The Bank of Canada left rates unchanged at 2.25% but struck a more constructive tone on the near-term economic outlook, projecting a sharp rebound in Q2 growth. Inflation remains the key source of uncertainty, though the removal of references […] The post The Weekly Bottom Line: Cooler Inflation Quiets Calls for a July Hike appeared first on ActionForex.
Economics Week Ahead
With Warsh’s second FOMC meeting approaching, we expect the Fed to remain on hold while maintaining a modest tightening bias. Next week’s PCE report will either reinforce or challenge that view, though we continue to expect slightly cooler inflation. We also expect Q2 GDP growth to moderate from Q1, despite continued economic resilience. In Australia, […] The post Economics Week Ahead appeared first on ActionForex.
The Red Sea Is Becoming Saudi Arabia's Biggest Oil Bottleneck
For years, Saudi Arabia's strategic answer to any disruption in the Strait of Hormuz has been remarkably straightforward. If volumes via the Persian Gulf were threatened, the answer was to pump west through the East-West Pipeline to Yanbu on the Red Sea. Markets have always seen this as reassuring, while strengthening Saudi energy security and reducing dependence on Hormuz. Current developments in the Red Sea, especially Bab El Mandab, however, have exposed a critical weakness in that...
Crude Oil Plummets Amid OPEC's Decision To Increase Output, Profit Taking
(RTTNews) - Partially offsetting the gains from five consecutive sessions, crude oil prices have plunged on Friday as investors opted to book profits made from the recent trades. While U.S. President Donald Trump threatened to intensify attacks on Iran, investors analyzed the imp
Russia's Biggest Black Sea Oil Port Goes Quiet as Drone Threat Grows
Russia's largest Black Sea oil export terminal has effectively gone offline just days after drone attacks shut down the neighboring Caspian Pipeline Consortium terminal, tightening another artery that moves crude onto the global market. The Sheskharis terminal at Novorossiysk hasn’t loaded a crude tanker since July 21. Sheskharis exported an average of about 650,000 barrels per day during the first half of the year. Losing those barrels, even temporarily, comes on top of...
Gold Advances Amid Crude Oil Plunge Ahead Of Upcoming U.S. Fed Rate Meeting
(RTTNews) - Gold prices have edged higher on Friday, partially offsetting the losses from yesterday's plunge after crude oil prices plummeted, lowering both oil-linked inflation concerns and the consequential expectations of an interest-rate hike by the U.S. Federal Reserve.
Oil Shock Could Turn Super El Niño Into an Inflation Problem Again
The world isn't just staring down another weather event. It's staring down a weather event colliding with a supply-driven oil shock. JPMorgan warned Friday that a "super" El Niño combined with higher energy prices from the Middle East conflict could slow the decline in global inflation next year, adding roughly 0.3 percentage points to headline inflation worldwide. The bank puts the odds of the current El Niño strengthening into a "very strong" or "super" event at 81% by the end of the year,...
See How Hecla Mining Ranks Among Analysts' Top Metals Picks
A study of analyst recommendations at the major brokerages shows that Hecla Mining Co (Symbol: HL) is the #47 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index. The Metals Channel Global Mi