31 Oct, 23

China’s Economic Woes Weigh On Oil Prices

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Oil prices are once again under pressure due to uncertainty about China’s economy, with the latest manufacturing data reigniting demand fears.Chart of the Week- Uranium prices have soared in recent days to $74 per pound, a 50% increase in 2023 to date, as lower production guidance from Cameco and production disruptions in Niger added to worries about the world producing enough U308 to meet the industry’s growing needs.- Global nuclear capacity currently consists of 440 nuclear reactors in 33 jurisdictions, however by 2030 there will be some…

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