Energy Emerges as Most Crowded Sector in the US
In a recent note to clients, Citi analysts have highlighted a significant shift in investment trends, identifying energy as the most crowded sector in the United States. This revelation comes amidst ongoing discussions surrounding artificial intelligence (AI) and its impact on various industries. Citi’s findings on sector crowding Citi’s analysis underscores energy dominance within the […]
Surge in Energy Demands and Geopolitical Implications
CERAWeek by S&P Global is poised to welcome over 7,000 attendees next week, primarily focusing on navigating the increasing demand for power amidst the global transition to cleaner energy sources. Daniel Yergin, the esteemed vice chairman of S&P Global and Pulitzer Prize-winning author, anticipates a robust dialogue encompassing critical themes such as peak oil demand, […]
Crypto firms prevail as energy agency EIA ends data quest for crypto mining
In a recent development, the U.S. Department of Energy (DOE) has agreed to terminate its efforts to gather information regarding the energy consumption of cryptocurrency mining operations. This decision follows a lawsuit filed against the Energy Information Administration (EIA), a division responsible for data tracking within the DOE. EIA commits to data destruction in compromise […]
