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White House official: Trump has discussed with oil companies plans to extend the blockade of Iran for several months if necessary.1. Wells Fargo: Still expects the Fed to cut rates twice this year, by 25 basis points, in September and December respectively. 2. ANZ: The Fed is very likely to restart its rate-cutting cycle in the third quarter of this year, most likely at the September meeting. 3. Goldman Sachs: Expects the Fed to cut rates by 25 basis points each in September and December, and believes the possibility of a rate hike this year is very small. 4. Bank of America: Downside risks to economic growth lead us to continue to predict a 50 basis point rate cut by the Fed later this year. 5. TD Securities: By the September decision, the market will have accumulated enough evidence to support the Feds gradual return to an easing cycle. 6. Standard Chartered: Once Warshs nomination is confirmed, the Fed will likely shift its focus to reviving the weak job market and resuming rate cuts. 7. Commerzbank: In the medium to long term, the Fed will be unable to resist pressure from the US president and may cut rates for the first time by the end of the year, followed by two more rate cuts in 2027. 8. Danske Bank: Expects the Federal Reserve to keep interest rates unchanged throughout the summer and eventually resume rate cuts in September and December. 9. Barclays: If inflation falls as expected, the Fed is expected to gain sufficient confidence to begin easing policy around September. 10. ING: Maintains its forecast that the Fed will cut rates twice this year, in September and December. 11. BNY Mellon: Assuming the Strait of Hormuz reopens, the Fed will cut rates twice in the fourth quarter.April 29 - International crude oil futures continued to climb as the standoff in the Middle East is expected to drag on, with the US and Iran continuing their respective blockades of the Strait of Hormuz. "The continued stalemate in negotiations between the US and Iran makes it increasingly unlikely that supplies through the Strait of Hormuz will return to normal in the short term," said Linh Tran, an analyst at XS.com, in a report. She added, "The market is no longer just anticipating risk, but a prolonged period of supply disruption."With the 60-day deadline approaching, US Republicans are discussing whether to authorize a war against Iran.According to Saudi media outlet alhadath, Israeli Prime Minister Benjamin Netanyahu has not received an invitation to travel to Washington.

Carbon capture solutions will be investigated by Airbus and airlines

Skylar Williams

Jul 19, 2022 10:40



Airbus and more than six airlines said on Monday that they had signed letters of intent to investigate acquiring carbon reduction credits to offset air travel emissions.


Airbus, Air Canada, Air France-KLM, EasyJet, International Airlines Group (LON:ICAG), LATAM Airlines (OTC:LTMAQ) Group, Lufthansa Group, and Virgin Atlantic have committed to "negotiations on the prospective pre-purchase of certified and permanent carbon elimination credits commencing in 2025."


Airbus' partner 1PointFive, a subsidiary of Occidental Petroleum Corp's (NYSE:OXY) Low Carbon Ventures division, will offer the carbon removal credits. 1PointFive proposes to build a direct air carbon capture and storage facility in Texas that will be able to remove up to 1 million tons of C02. According to Steve Kelly, CEO of 1PointFive, construction is scheduled to commence by the end of the year and conclude in 2024.


According to the companies, the partnership between Airbus and 1PointFive includes the four-year pre-purchase of 400,000 tons of carbon removal credits.


Julie Kitcher of Airbus stated, "These early letters of interest reflect a concrete step toward the implementation of this promising technology for both Airbus' decarbonization plan and the aviation industry's objective of attaining net-zero carbon emissions by 2050."


The airline industry, which accounts for around 3 percent of global carbon dioxide emissions, faces severe impediments in its pursuit of aggressive emission reduction goals. According to airline executives, carbon capture might be one component of a complex strategy to reduce emissions.


United Airlines announced in 2020 a multimillion-dollar investment in 1PointFive's intention to construct an industrial-scale direct air capture plant in the United States.


It has not yet been proven on a large scale. A single ton of carbon dioxide costs hundreds of dollars to gather. Earlier attempts at carbon capture and storage (CCS) have been unsuccessful.

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