DBE News and Press, Invesco DB Energy Fund From 06/04/24

2024-06-04 07:33:37 ET Summary Goldman Sachs predicts a major surge in electricity consumption in the US due to the rapid growth of data centers powering AI platforms like ChatGPT. The Electric Power Research Institute estimates that data centers could consume more than double the...

2024-06-03 15:10:00 ET Summary OPEC+ members met over the weekend to discuss production policy for the remainder of this year and 2025. ICE Brent is down more than 10% from its April highs, despite OPEC+ withholding a significant amount of oil from the market. In theory, the u...

2024-06-03 10:05:00 ET Summary Last week was a volatile one for markets, with big swings in stocks and bonds in a holiday-shortened week. Interest rates shot up 18 basis points on Tuesday and Wednesday and while that didn’t change any trends, it is a pretty big move for a c...

2024-06-01 00:25:00 ET Summary My expectation for West Texas Intermediate (WTI) oil prices for June is unchanged from May. That is, WTI should range from $75 to $95 per barrel. WTI is hovering around $77.25 per barrel, which is slightly below my narrower range. I expect WTI prices...

2024-05-31 11:50:00 ET Summary Michael Lee, financial services industry veteran and founder of Michael Lee Strategy, discusses the outlook for stocks, gold, and cryptocurrencies. Michael thinks the economy will avoid recession, even as inflation remains sticky, and that this shoul...

2024-05-30 05:32:00 ET Summary The IEA expects peak oil consumption to be reached by 2030, while OPEC forecasts a longer timeline. The debate over peak oil consumption is a contentious issue that significantly impacts longer-term opinions on the crude oil markets. Reaching pea...

2024-05-29 12:50:00 ET Summary The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025. The EIA estimate for OPEC spare capacity looks high in 2024 to 2025, I would estimate it to be about 1.2 to 1.4 Mb/d less than shown. US demand for natur...

2024-05-28 05:07:00 ET Summary U.S. Presidential Election: The implications for markets. What the U.S. election results could mean for equities. Policy differences between Biden vs. Trump. The upcoming U.S. presidential election is still several months away, but ther...

2024-05-27 14:30:00 ET Summary Rapid advancement and adoption of the technology is poised to drive a significant increase in power, demand, and this demand could redefine energy consumption as we know it. A text-based query takes about the same amount of power as an internet searc...

2024-05-27 07:00:00 ET Summary Pete Najarian, co-founder of Market Rebellion, discusses the current state of the economy, Fed policy, and the impact on the markets. Pete never bought into the "5, 6, 7 Fed cut" talk in early 2024 - but thinks the market largely has the Fed right no...