Market Movers
EU natural gas falls 20% in one week ๐
The price of natural gas in Europe tumbled for the fifth day in a row, dropping below 54โฌ on Friday. Prices have dropped 20% in just one week and are now close to levels not seen since September 2021.
Tesla hodls its bitcoins
Tesla announced it didn’t sell any Bitcoin in Q4 2022. However, its portfolio was at $184 million, down from $218 million at the end of Q3 due to the drop in Bitcoin’s price. This loss should now be erased as Bitcoin surged massively in January.
Adani’s stock falls more than 16% ๐
After Hindenburg accused Adani Group (ADANIENT) of massive fraud, the stock plunged significantly. The stock is now down over 16% in just one day and 33% from its peak.
Why is wind energy in Europe in such trouble?
Chinese oil giant invests nearly $2 billion in Brazil
Gold looks ready to re-visit monthly highs
Ghana wants to buy oil with gold instead of the US dollar
Russian oil price cap talks send prices down
Belarus wants to increase oil transit fee by 39%
Oil rebounds after rumors shut by Saudi minister
