Almost 60% of oil and gas investors worldwide believe they are under pressure from clients to make their investment portfolios greener, according to a survey by international consultancy The Boston Consulting Group (BCG). "Almost 60% admitted to being pressured by clients to divest from fossil fuel investments," according to conclusions of BCG's 2021 Energy Impact Center (CEI) study, in which the...

After the internet shutdown in Kazakhstan and the adoption of laws against cryptocurrency mining, an exodus of miners from the country could begin. Cryptocurrency miners who migrated to Kazakhstan after a ban on mining in China may shut down their operations in the country after protests blocked the Internet and, consequently, up to 15 percent of the global Bitcoin network, CNBC reported. The...

US startups attracted a record $330bn in investment last year, nearly doubling the 2020 result. But venture capital market participants are already calling the surge unsustainable. Private equity firms in the United States raised a total of $329.8 billion in venture capital funding last year, nearly doubling the amount raised in 2020, the Financial Times said, citing PitchBook data. Venture...

According to Reuters, OPEC+ will continue to its agreement to raise oil production in February. In February, OPEC+ may increase output by 400,000 bpd, as it has done every month since August 2021. The remaining reduction would total 3.4 million bpd by the end of January. OPEC+ must resume production by the end of September, according to the agreement. OPEC+ reduced its 2022 oil surplus...

Saxo Bank admits monetary policy tightening by the world's major central banks in the near future due to the persistent nature of global inflation, Saxo Bank Denmark's investment director Steen Jakobsen said. "It is very likely that the major central banks will move into a cycle of rate hikes. And we certainly saw in December that the Bank of England was one of the first to start that process. So...

Between November 1 and December 24, retail sales in the United States increased by 8.5 percent over the same period in 2020 and by 10.7 percent over the same period in 2019. The Wall Street Journal reported this, citing statistics from Mastercard Spending Pulse, which measures Mastercard card sales. Experts estimate that this is the largest sales rise in this time period in the recent 17 years....

Venezuela has announced that the country's oil production has exceeded 1 million bpd. This is the highest since 2019, when the US put state oil company PDVSA on its sanctions list. Experts doubt that Caracas will be able to keep production at this level. Venezuela has announced an increase in oil production to its highest level since the US imposed sanctions on oil state-owned PDVSA in 2019. "We...

According to economists polled by Japan's Nikkei, China's GDP will expand by 5.1 percent in 2022. Growth is predicted to reach 7.9% by the end of 2021. China's GDP growth has slowed, according to economists, due to issues in the country's real estate market and tighter anti-COVID-19 efforts. This year, the Chinese economy has already exhibited symptoms of faltering. Growth was 12.7 percent in...

The Chinese authorities will not ban local companies from IPOs in foreign markets through variable interest entities (VIEs), provided that they agree their intentions with state regulators, according to a statement from China's State Securities Regulatory Commission. Earlier Bloomberg reported citing sources that Chinese authorities want to prohibit Chinese companies to conduct IPOs in foreign...