A lemmy user made a comment on a similar post ‘press statements about future stock prices are kinda self fulfilling prophecies’
Which, if you think about it, benefits those holding shares/interested in the stock… For example: a former boss of an oil company talking about how the price might hike …
This applies not only to oil and gas but to any industry. And let us not forget politicians working on new legislations that will likely support particular companies. Just buy call options and you are fine.
This is the best summary I could come up with:
Last week a massive missile and drone attack destroyed one of Ukraine’s largest power plants and damaged others, as part of a renewed Russian campaign targeting energy infrastructure.
He said the impact on energy prices of the Russian attacks would be twofold – a potential increase in Ukrainian demand for gas and electricity in Europe, and an overall market response to the likelihood that Vladimir Putin is winning the war in Ukraine.
He warned: “We are going to see extensive blackouts – that is the reality and it is because we do not have access to air defences and fighter jets to combat their glide bombs.”
He said he would not reveal the absolute extent of the damage since it is militarily classified “but we are currently facing a way bigger crisis than Ukraine had a year ago.
Kobolyev is fighting charges that he paid himself a bonus that was more than the statutory maximum allowed for a state-owned enterprise employee.
Some relatively small imports of electricity from Europe are helping to cover Ukraine’s deficit because demand is low during spring,
The original article contains 796 words, the summary contains 181 words. Saved 77%. I’m a bot and I’m open source!