Stuart Wallace
@StuartLWallace
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Bloomberg News, Head of the Middle East, North Africa & Russia+. Retweets and likes aren't endorsements.
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Americans are flocking to defunct uranium mines in Montana for what many believe is a fountain of youth gushing with radioactive gas, in defiance of the advice of health officials.
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A rare optical illusion known as a superior mirage. This was captured off the English coast.
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Saudi Arabia has finally revealed its oil-pumping limits - and its capacity to produce more crude is lower than anticipated, says
@JavierBlas
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A lesson from the Spanish flu: Don't end restrictions too soon. New research from Harvard says shutdowns need to last about 12 weeks to save lives
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Silly season, stranded parrot special.
One of the crew was given instructions from the owners to say ‘I love you’, to encourage Jessie to co-operate. It seems the affection had the opposite affect on the parrot, who told the fire fighters to ‘f*** off’.
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Cast an ultraviolet flashlight on the hills around Narsaq, a coastal town in southern Greenland, after dusk, and the rocks light up like embers. via
@David_Stringer
@kiliiiyuyan
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The bill for rescuing the European energy market this winter will easily top $200 billion, warns
@JavierBlas
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The Middle East’s most important alliance is being pressured by a common goal.
via
@ghoshworld
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Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet via
@milliedent
@cleantechchris
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A massive plume of Saharan-desert dust has painted European landscapes a reddish-brown hue reminiscent of the planet Mars
via
@virtualnomad
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A psychedelic mushroom startup is getting its “breakthrough therapy” closer to FDA approval
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Global demand for coal, the most-polluting fossil fuel, is still rising. The gap between the market reality and the world's climate goals is getting wider,
@JavierBlas
writes
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A wave of satellites set to orbit the Earth will be able to pinpoint producers of greenhouse gases, right down to an individual leak at an oil rig via
@aaronaclark1
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Wheat prices after Turkey said grain shipments would resume in the Ukraine grain corridor
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Persistently high levels of coronavirus cases in Milan are complicating Prime Minister Giuseppe Conte’s plans to restart the Italian economy via
@danielelepido
@marco_bertacche
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Oil suffered its biggest one-day price plunge in the modern era, at one point crashing about 40% to below $11 a barrel.
via
@alexlongley1
@jav
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More than one in three Londoners would consider leaving the U.K. capital
via
@virenvaghela
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Bloomberg Economics expects Russia will earn nearly $321 billion from energy exports this year, an increase of more than a third from 2021.
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Financial markets around the world are waking up to the risks of another coronavirus flare-up
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India is playing an increasingly important role in global oil markets, buying more and more cheap Russian oil and refining it into fuel for Europe and the US. via
@yongchang_chin
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-$40.32 a barrel is the new low for U.S. crude futures.
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Billionaire Richard Branson moves assets from the U.S. to the British Virgin Islands, highlighting his use of tax havens while one of his businesses seeks a state bailout because of the coronavirus pandemic via
@BenStupples
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Now negative. -$7.50 a barrel for U.S. crude futures
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Trafigura paid $3 billion to its top traders and executives.
It's the latest evidence of how a small group of commodity traders have shared an unprecedented bounty from the energy crisis.
via
@jfarchy
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A barrel of heavy Canadian crude is now about the same price as a venti-sized Starbucks pumpkin spice latte via
@roberttuttle
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GM has scored a surprise hit in China with its local partners: a petite electric vehicle that sells for less than $5,000
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Japanese investors sold a record $34 billion of foreign stocks last week, almost almost six times more than any previous week
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The global middle class shrank last year for the first time since the 1990s, with about 150 million people slipping down the economic ladder.
via
@BW
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A perfect storm plunges Asian stocks into bear markets one by one
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From now on, each incremental oil barrel is a struggle. Whether or not you have faith in in the Saudis, the world faces a reckoning, says
@JavierBlas
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Steven Seagal will pay a $157,000 fine to the SEC for failing to disclose that his social media posts touting an initial coin offering were paid promotion
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As five Iranian oil tankers steam toward Venezuela, Trump is being presented with options for stopping the delivery of the petroleum fuel they carry.
@MarkTFitz
considers the options and outcomes.
h/t
@Allio_De_Corato
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In the 24 hours after Putin signed a decree recognizing two breakaway Ukrainian territories, Western nations spent about $700 million buying Russian oil, refined products, natural gas, aluminum, coal and other commodities.
via
@JavierBlas
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After the costliest Atlantic hurricane season in history last year, early forecasts indicate 2018 will be above average.
via
@WeatherSullivan
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For the first time ever, an American cheese has taken the top prize at the World Cheese Awards.
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Coronavirus conference gets canceled because of... coronavirus
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Pfizer’s Covid-19 vaccine must be kept at -70 degrees Celsius before use, requiring a complex and costly distribution system that could prevent poorer nations from having reliable access
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There’s a pretty good chance that any new Bitcoin generated after the cryptocurrency’s Elon Musk-aided surge toward $50,000 will be sourced using cheap coal power in China’s Xinjiang via
@danmurtaugh
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Even a big cut in OPEC+ targets may have little impact on actual oil supplies, unless they can agree to redistribute production targets, or the Saudis step in to act alone, says
@JLeeEnergy
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Two Saudi oil tankers were attacked near Fujairah, the state-run Saudi Press Agency reported. It didn't result in any loss of life or fuel leakage, but caused severe damage to the structure of the ships. Developing story.
More on
@TheTerminal
#OOTT
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A hedge fund advised by Nassim Taleb, author of “The Black Swan,” returned 3,612% in March
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A small fishing hamlet in Portugal has become a magnet for the world’s most fearless big-wave surfers. How Nazaré became the ocean’s Everest.
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VIDEO: Ray Dalio, the billionaire founder of Bridgewater Associates, sees the pandemic causing a $20 trillion hit to the global economy.
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India is on track to become Europe’s largest supplier of refined fuels this month while simultaneously buying record amounts of Russian crude via
@iamsharoncho
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Biden has been reluctantly drawn into closer ties with Saudi Arabia’s king-in-waiting, forced by Russia’s invasion of Ukraine. The problem is Crown Prince Mohammed bin Salman isn’t ready to play along via
@nwadhams
@annmarie
@MattMartin128
@BenBartenstein
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Central banks became net sellers of gold for the first time since 2010 in the third quarter.
Some producing nations exploited near-record prices to soften the blow from the pandemic.
via
@Edspencive
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U.S. crude oil futures traded at a record $147 a barrel in 2008. Today, they traded for as little as $4.
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This Umayyad gold coin sold for a record $4.7 million in London yesterday. The 4 grams of gold likely came from a mine between Mecca and Medina. It is inscribed 'Mine of the Commander of the Faithful in the Hijaz'.
(pg10-11)
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Bank robberies are becoming a thing of the past in cashless Denmark as the Nordic country recorded its first year of zero holdups
via
@CHRWIENBERG
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Bank of China clients said to lose $1 billion on oil bets
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Trump abruptly abandoned his ambition to return American life to normal by Easter, heeding advice from the government’s top doctors that re-opening the U.S. economy in two weeks risks greater death.
via
@MarioDParker
@josh_wingrove
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Drone footage of the Darvaza gas crater in Turkmenistan, aka the Gates of Hell
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Distilleries and breweries are retooling to make hand sanitizer. Companies from Pernod to BrewDog are switching to anti-Covid production, and it might improve their public image.
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Speculative traders are ending the year doubling down on their bets against the dollar via
@Ruth_Liew10
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Tattoos used to be forever like diamonds, death, and taxes. Now, a group of investors are betting $20 million on a less-permanent option via
@josyanajoshua
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Global gaps in access to Covid-19 vaccines are raising concerns that the spread of the coronavirus will breed more dangerous versions via
@JamesPaton14
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Why hedge fund managers say they avoid sustainable investing
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Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook’s network.
via
@dats
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The Chinese military is using mock-ups of a U.S. aircraft carrier at a weapons-testing range in a remote western desert, new satellite imagery shows via
@iainmarlow
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A Crazy Twelve Hours for Oil Traders Ahead of OPEC Meet: Chart
Version on the left is from
@jessicaisummers
and what we published. Version on the right is an unedited
@danmurtaugh
. Up to you which is more accurate.
#OOTT
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The Trump administration is weighing a Saudi request to grant MBS immunity from prosecution over claims that he orchestrated a plot to kill a former high-level Saudi official via
@nwadhams
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Europe's energy crisis is drawing a flotilla of U.S. liquefied natural gas cargoes
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Nickel, the material that Elon Musk has said is the biggest concern for Tesla batteries, is getting much cheaper
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Some 108 million people in China’s northeast region are being plunged back under lockdown conditions
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In 2012, Tesla was consuming 11kg of cobalt per vehicle on average.
In 2018, Tesla consumes 4.5kg of cobalt per vehicle on average.
more from
@benchmarkmin
here:
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The official definition of a kilogram changed today. Previously based on a platinum/iridium cylinder stored in a Paris suburb, it will now be determined by Planck's constant.
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Venezuela's Oil Refineries Go From Bad to Worse
The nation’s five refineries are now operating at less than one-third of capacity.
more on
@TheTerminal
#OOTT
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Bloomberg LP, the parent of Bloomberg News, suspended its operations in Russia and Belarus following President Vladimir Putin’s invasion of Ukraine
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Why are some languages spoken faster than others? Those packed with information are spoken slower, while simpler ones are spoken faster. As a result, most languages are equally efficient at conveying information.
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Abbott Labs is unveiling a coronavirus test that can tell if someone is infected in as little as 5 minutes, and is so small and portable it can be used in almost any health-care setting via
@FayCortez
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Donald who? Investors have already moved on and are ignoring the outgoing president's claims of voter fraud,
@johnauthers
writes
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An Exxon gas well in Ohio released more methane into the atmosphere during a blowout in 2018 than some countries do in a year via
@CrowleyKev
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The first million electric vehicle sales took two decades. Getting to the next million mark was a blink of an eye in comparison.
via
@NatBullard
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The oil industry’s meltdown is accelerating as explorers shut down scores of drilling rigs across the U.S.
via
@jcarrollhtx
@DavidWethe
@SayerDevlin
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The biggest chokepoint in the global food supply chain is trucks
via
@jongilbert9
@isiscarol14
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Brits will spend about $259 million in pubs this weekend, when they reopen for the first time since March. Cheers.
via
@ncallanan
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Russia fired “warning shots” at a British Navy destroyer in the Black Sea
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Apple is selling a polishing cloth to clean your devices' screens. $19 and takes 3-4 weeks to ship. via
@vladsavov
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Abdulaziz bin Salman, the most powerful man in petroleum, navigates unruly OPEC+ nations, huge swings in price and production—and the end of fossil fuels.
via
@JavierBlas
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Experts call for regulation after latest botched art restoration in Spain
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A 16-minute overview of EVs from BNEF's
@colinmckerrache
It'll be the most constructive 16 minutes you spend today.
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Avocado prices just rose 34% in one day. Prices will keep rising if Trump makes good on his threat to shut the Mexican border.
via
@mhirtz
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China’s population is flatlining, with the fewest births since 1950
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Michael Burry's optimistic stance on GameStop helped lay the foundation for the investor frenzy. Now he's warning that the rally is getting out of hand. via
@soulmate0618
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The first hydrogen-powered passenger trains built by Alstom are set to debut in Germany and establish a toehold for the technology in Europe. via
@tarapatelparis
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Trump said he expects that Russia and Saudi Arabia will be cutting their oil production by about 10 million barrels “and maybe substantially more.”
via
@Lynnmdoan
Graphic: WTI futures, average trading volume for time of day in orange vs today in grey
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Europe’s leaders may be united on the need to throw money at economies during the coronavirus crisis, but they have yet to confront how to pay for it via
@cbSwiss
@_DavidGoodman
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