Oil Traders and Metals World React to Recent Events

Commodity Markets News

Oil Traders and Metals World React to Recent Events
Oil TradersMetals WorldIranian Strike
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Oil traders will analyze the impact of the Iranian strike on Israel, while the metals world monitors the banning of new Russian supplies by the London Metal Exchange. The BNEF Summit in New York will also discuss global trends in the energy transition.

Oil traders will attempt to price in what the Iranian strike on Israel over the weekend means for the global market, while the metals world monitors the impact of the London Metal Exchange ’s banning of new Russian supplies. Meanwhile, the annual BNEF Summit will convene in New York, bringing together project developers, government officials and bankers to discuss global trends in the energy transition .

Clean tech The world’s dependence on China has increased for technologies needed to support a global transition away from fossil fuels, according to BloombergNEF. Breakneck spending has pushed China’s share of global production capacity above 80% in 11 clean-technology value chain segments. China’s capacity is set to far surpass global demand across solar, batteries and electric vehicles for years to come.

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Oil Traders Metals World Iranian Strike Israel Russian Supplies London Metal Exchange BNEF Summit Global Trends Energy Transition

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