01.02.2022
News for today, Tuesday, February 1
According to Goldman Sachs Group Inc., as Brent crude price is approx. $90 now, OPEC and its allies may announce a greater raise in production. Wall Street bank says the upshot of Wednesday’s meeting stay ‘balanced’ between the daily 400 000 barrels increase in March and an even greater increase. Oil producers may also be worried about the recent Fed’s hawkish announcements. The supposed monetary policy decisions may lead to a decrease in global petroleum profits.
A subsidiary of Southern Co. (NYCE:SO) Georgia Power has disclosed its plans to shut down 12 coal-fired power plants until 2028, leaving only two blocks at their factory in Bowen near Atlanta. The company plans to double sustainable energy generation to 11,5 GW until 2035 and obtain permission to own and operate 1,000 MW of energy storage systems, such as massive batteries, to provide reliable solar power when the sun is out.
The price of Brent crude is $88.24, WTI — $87.18, GBP/USD — 1.3487, EUR/USD — 1.1259, and gold costs $1805.70 per ounce.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
