Oil Industry News
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Energy Down Amid Oil Volatility -- Energy Roundup
Shares of energy companies fell amid oil-price volatility. Oil futures briefly topped $100 a barrel in New York amid fears that continued strikes on Lebanon would jeopardize a cease-fire deal and the reopening of the Strait of Hormuz. Oil closed up…
Daily on Energy: Latest on oil prices, permitting shortcuts, and penguins
Plus, we have some sad news, as emperor penguins and the Antarctic fur seal have been listed as endangered species, due to the effects of climate change. 🐧🦭 We have more on this below. Welcome to Daily on Energy, written by…
Why China's green energy strategy may shield it from the Iran war oil shock
China's green energy transition is expanding from a domestic security priority into a potent geopolitical asset at a time of heightened global uncertainty, according to the latest official reading of the country's 15th five-year plan. That shift…
What this real-world oil price says about the level of stress in the energy market
Dated Brent is considered the real-world price tag of crude oil. The spot price of this benchmark rebounded on Thursday, as oil traders closely monitor a fragile ceasefire between the U.S. and Iran. Energy analysts warn the temporary truce is not…
How the US oil blockade is bad for Cuba's health
President Donald Trump's oil embargo against Cuba is putting a severe strain on the nation's once-renowned free healthcare system, fueling supply shortages that have worsened since the COVID-19 pandemic. The challenge was recognized by Cuban…
'Economic civil war': States push laws to shield oil and gas companies from accountability
Across the country, Republican-led state legislatures are passing a slate of laws that effectively shield oil and gas companies from legal claims that they are responsible for the destruction and mounting toll caused by climate change. Fifteen laws…
Imperial Oil Ltd. stock falls Thursday, underperforms market
Shares of Imperial Oil Ltd. IMO dropped 1.35% to C$177.48 Thursday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.42% to 33,477.71. Imperial Oil Ltd. closed 4.4%…
Asia economic growth to slow even if oil stabilizes, ADB warns
Economic growth across Asia will likely slow even if oil prices stabilize in the coming months, as the impact of war in the Middle East ripples through industries from manufacturing to tourism, according to the Asian Development Bank (ADB). The…
Energy as War: From Oil Fields to Cobalt Mines
The energy analyst known as Doomberg recently remarked on the Decouple podcast that ‘all wars are energy wars.' From the decisive role energy access plays in combat itself (think oil in World War II), to its infrastructure being an inviting…
Is oil crisis just the start of economic pain for Hongkongers?
Hong Kong bus company boss Martin Lau feels overwhelmed as he attempts every option possible to minimise mounting losses wrought by runaway fuel prices. He has done everything he can think of, from trying to reduce services to doing his own repairs…
Lawmakers fear oil giants will pocket $1.8b diesel subsidy
The Hong Kong government is seeking HK$1.8 billion in funding for a proposed diesel subsidy for commercial sectors, but the plan was met with skepticism from legislators who fear the money will be absorbed by oil companies rather than benefiting…
Watch Oil Markets Reality vs Expectations
Oil Markets Reality vs Expectations Oil markets are fluctuating between reality and expectations as disruptions in the Strait of Hormuz choke global supply. Bloomberg's oil markets reporter Mia Gindis joined Bloomberg Open Interest to break down…
Blair think tank urges Miliband to back new oil and gas fields
Tony Blair's think tank has branded Labour 'too ideological' and called for Ed Miliband to back new oil and gas fields. Ministers should have taken steps to protect the country from the volatility of energy prices caused by the Iran war, it says in…
Wright: Texas oil and gas industry has solution to help with water crisis
(The Center Square) – The Texas oil and natural gas industry has a solution to help with Texas' water crisis, Texas Railroad Commission Chairman Jim Wright says. During his tenure, the Railroad Commission issued a framework for a pilot…
Oil Shock: Will The Fed Intervene
The catastrophist argument rests on a critical hidden assumption: that the global economy, central banks, and governments sit passively while a supply shock plays out. Oil shocks are simultaneously inflationary and recessionary. That's what makes…
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