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On June 16, Israeli Prime Minister Benjamin Netanyahu said on June 15 that Israel "does not know" the specific contents of the agreement reached between the United States and Iran. Netanyahu stated that regardless of whether an agreement is reached, "Iran will not possess nuclear weapons." He also said that the Israeli attack caused "enormous damage" to Iran.As of the 2:30 closing bell, the main Shanghai gold futures contract rose 1.77%, the main Shanghai silver futures contract rose 2.49%, and the main SC crude oil futures contract fell 1.96%.June 16th - Nvidia is expected to raise $25 billion through an investment-grade bond issuance, with subscription demand exceeding three times the planned offering size, highlighting investors eagerness to profit from artificial intelligence. According to sources familiar with the matter, the bond issuance attracted subscriptions of up to $85 billion. Other sources indicated that Nvidia will issue the bonds in seven tranches with maturities ranging from 2 to 30 years. The sources also stated that the yield on the longest-term bond is priced approximately 0.65 percentage points higher than the yield on US Treasury bonds. The sources further indicated that the funds raised will be used for purposes such as refinancing existing debt. This will be Nvidias first investment-grade bond issuance in five years.Israeli Prime Minister Benjamin Netanyahu: We will take all necessary measures to prevent Iran from acquiring nuclear weapons. Our goal remains unchanged.Israeli Prime Minister Netanyahu: The Iranian regime was once close to acquiring nuclear weapons, but we successfully destroyed its missile and nuclear programs.

JP Morgan: Global Energy Investment Requires $1.3 Trillion by 2030

Haiden Holmes

Apr 21, 2022 09:29

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Investments will need to cover all fuel types, including oil and gas, renewables, and nuclear, with oil demand predicted to rise by roughly 10% by 2030 and gas consumption expected to climb by 18%.


"Not all fuels are created equal, and for the most part (and within this time horizon), different sources of energy are not completely interchangeable - solar panels cannot completely replace oil, which is required for industrial production of petrochemicals, for example," according to the outlook, which was authored by 30 JP Morgan analysts.


The analysis contradicts the International Energy Agency's (IEA) stance from last year, which said that no additional investment in fossil fuels was required.


The IEA has recently highlighted that their forecast was merely one of many possible scenarios and urged OPEC to increase oil production.


"On a very long time horizon, all present energy sources will be considered as transitory to a more secure, cleaner, and affordable source of energy. In the long run, this may be accomplished only by nuclear fusion "According to JP Morgan's prognosis.


"Until scalable, dependable, clean, and inexpensive solutions become available, the world will need to deal with all present energy sources - fossil and non-fossil - with their associated limitations," the report said.


It predicted that worldwide end-use energy consumption will increase to 9.5 percent of GDP in 2022, up from an average of 8.4 percent from 2015 to 2019.


Increased energy prices would raise the likelihood of civil dissatisfaction and a halt in the energy transition, according to JP Morgan.

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