NEW YORK: US natural gas futures gained more than 3% ahead of the expiry of the front-month March contract on Friday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected. The contract has risen 5.5% so far this week, after briefly dropping below $2 per mmBtu earlier this week. With cold weather coming, Refinitiv forecast US gas demand, including exports, would rise from 119.0 billion cubic feet per day this week to 121.4 bcfd next week. Freeport LNG, when operating at full power, can turn about 2.1 bcfd of gas into liquefied natural gas for export. However, energy regulators and analysts, have said they do not expect Freeport LNG to return to full commercial operation until mid-March or later.
TSLA shares dropped Thursday as investors backed out of speculative betas made ahead of Tesla's investor day event. Headlines and investor chatter going into the Tesla investor day stirred some expectations for major announcements. Tesla has also reportedly made a bid for lithium stock Sigma Lithium (SGML), according to Bloomberg. Much of that run-up reflected Tesla investor day buzz. The Global X Lithium & Battery Tech ETF (LIT) also retreated 1.3% and the Amplify Lithium & Battery Technology ETF (BATT) dumped 1.4% Thursday.25 days ago Investor's Business Daily
AdvertisementWestford, USA,, Feb. 27, 2023 (GLOBE NEWSWIRE) — The Asia Pacific region is set to witness significant growth in the high concentrated photovoltaic market . The market faced a significant obstacle in the past due to its higher prices compared to traditional solar photovoltaic (PV) technology. This significant decline in solar PV module prices is projected to impact the global high concentrated photovoltaic market positively. SkyQuest has recently published a comprehensive research report on the high concentrated photovoltaic market, providing a detailed industry overview. Key Developments in High Concentrated Photovoltaic MarketDubai’s ambitious concentrated solar power project has successfully started supplying electricity to the grid.28 days ago Business Upturn
Lionel Messi has been crowned The Best FIFA Men's Player 2022. Messi also won 2019 Best FIFA Men's Player award and becomes the third player to receive the accolade twice, after Cristiano Ronaldo and Robert Lewandowski. How the FIFA Best Men's Player award winner was decidedA total of 14 players were initially nominated for The Best FIFA Men's Player award, having been chosen by a panel of experts. The Best FIFA Men's Player award was presented to the individual with the most points. The voting procedure for The Best FIFA Men's Player Award was supervised by independent observers.28 days ago The Business Standard
DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ GS: PRIM) (“Primoris” or the “Company”) today announced financial results for its fourth quarter and full year ended December 31, 2022 and provided the Company’s initial outlook for 2023. Full Year 2022 Results OverviewRevenue for the year ended December 31, 2022 increased by $923.0 million, compared to 2021. Please see the accompanying tables to this press release for reconciliations of the following non‐GAAP financial measures for Primoris’ current and historical results: EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS. The Company defines Adjusted EPS as Adjusted Net Income divided by the diluted weighted average shares outstanding. Because Adjusted Net Income and Adjusted EPS, as defined, exclude some, but not all, items that affect net income and diluted earnings per share, they may not be comparable to similarly titled measures of other companies.28 days ago Business Wire
Virginia lawmakers couldn’t agree on legislation to launch commercial adult-use cannabis sales this year, but instead approved a bill last week that would more tightly regulate hemp-derived THC products in the state. Both chambers of the Virginia General Assembly voted Feb. 24 to send House Bill 2294 to Gov. The 36-page bill establishes license requirements and stricter labeling rules for hemp-derived THC products, which are now largely unregulated and sold at gas stations and convenience stores throughout the state. Last year, the Virginia General Assembly created a 16-member task force to study the issue of delta-8 and other hemp-derived THC products being sold in the state. The new labeling rules would also bar any hemp-derived THC products from being marketed as curing, treating or preventing any disease, the news outlet reported.28 days ago Cannabis Business Times -
According to Yinchuan Customs, Ningxia registered trade transactions under the RCEP worth 839 million yuan (about 121.8 million U.S. dollars) in 2022, resulting in a customs tax concession of 25 million yuan. “The implementation of the RCEP has brought advantages in terms of customs clearance and tax incentives, and further reduced our costs. Since the RCEP came into effect, the company has declared goods exceeding 56 million yuan under the RCEP, and enjoyed a tariff concession of nearly 1.7 million yuan. The RCEP has expanded its list of tax relief items to include auto parts, mechanical, electrical, and steel products, among others. In 2022, customs authorities in Ningxia issued 652 RCEP certificates of origin to 45 companies, which exempted them from an estimated 22 million yuan in tariff.1 month ago Macau Business
The Tiger Express service(TEX service) of Germany's Tailwind Shipping Lines has launched to ship containers between Chattogram port and Europe, especially to transport textile goods. Photo: TBSGermany's Tailwind Shipping Lines has announced the launch of a direct container shipping line between Chattogram port and Europe, with a specific focus on the transportation of textile goods, according to a recent statement from the carrier. The new service, named the Tiger Express service (TEX service) after the Bengal tiger, will be the second European shipping line after an Italian shipping company which launched direct shipping service from Chattogram port in February last year. Chattogram Port handles 92% of the country's import-export trade alongside 98% of container shipments. Chattogram Port Authority Secretary Md Omar Farooq said the authorities are encouraging direct shipping service as it takes only 15-20 days to reach destination countries instead of at least 40-45 days through transshipment ports.1 month ago The Business Standard