Posted 12/15/2023, 3:00:00 PM
Oil Prices Rise on Rate Cut Hopes While Solar Gets Cheaper; Yemen Conflict Threatens Tankers
- Oil prices on course for first weekly increase in eight weeks, driven by Fed pledging to cut interest rates next year
- OPEC blames recent oil price decline on exaggerated demand concerns impacting market sentiment
- Houthi rebels claim responsibility for attack on Norwegian tanker in Red Sea
- China solar panel production costs dropped 42% this year, undercutting Western manufacturers
- France's Credit Agricole to stop financing new fossil fuel projects, join Banque Postale in climate goals