Thailand's Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla, Google and Microsoft. 'Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres,' he said, without detailing whether the $5 billion was expected to be a combined investment or made individually by each company. Tesla, Google and Microsoft did not respond immediately to requests for comment.
-- Canadian crude exports out of US Gulf terminals are primed to soar in October as production cuts by Saudi Arabia and Russia stoke overseas demand, while US refinery maintenance means more of the oil is freed up for shipment.
In a research report published on Friday, JPMorgan analyst Christyan Malek upgraded the entire global energy sector to an overweight rating, warning that the recent surge in oil prices could potentially drive Brent crude prices as high as $150 a barrel by 2026. This prediction is based on factors such as capacity shocks in the near to medium term, an energy "supercycle", and an ongoing transition away from hydrocarbons.
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