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Home2022March

Month: March 2022

Soaring Oil Prices Test Resiliency of U.S. Stocks
Finance

Soaring Oil Prices Test Resiliency of U.S. Stocks

March 2, 2022 Mariel Alumit

While American companies face little exposure to the impact of Russian sanctions, global energy markets may be more at risk Western firms appear well insulated against the impact of the sanctions imposed this week on […]

Investors regain risk appetite; dollar, oil pare gains after Ukraine invasion
Finance

Investors regain risk appetite; dollar, oil pare gains after Ukraine invasion

March 2, 2022 Mariel Alumit

Crude futures gain but pull back from session highs above $100 MSCI global stock index closes down 0.46%, gold erases rally Wall Street rallies, Treasury yields pare losses NEW YORK, Feb 24 (Reuters) – Investors […]

Shell’s deal Down Under blows more ill wind at AGL
International News

Shell’s deal Down Under blows more ill wind at AGL

March 2, 2022 Mariel Alumit

MELBOURNE, March 2 (Reuters Breakingviews) – Fossil-fuel companies are not all created equal, as Shell’s latest investment in Australia shows. The oil producer’s agreement to buy a 49% stake in WestWind Energy Development will help […]

Divesting From Russia Proves Complicated for Pension Funds
Finance

Divesting From Russia Proves Complicated for Pension Funds

March 2, 2022 Mariel Alumit

Retirement systems plan to dump Russian holdings but face a lack of buyers and financial-services providers Pension funds around the world are reviewing their investments in Russia’s energy, banking and mining sectors in the wake […]

UK
Energy Policy

Ukraine invasion triggers rhetoric for both sides in US energy debate

March 2, 2022 Mariel Alumit

WASHINGTON (Tribune News Service) — Both sides in the debate over how fast the U.S. should shift to renewable energy sources are finding ammunition in Russia’s invasion of Ukraine. Republicans and fossil fuel defenders who […]

Stocks fall, ruble dives as Russia sanctions hit world markets
Finance

Oil prices surge above $100 a barrel as war on Ukraine rages

March 2, 2022 Mariel Alumit

NEW YORK — Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after […]

China among the leading contenders to snap up BP’s stake in oil company Rosneft
Finance

China among the leading contenders to snap up BP’s stake in oil company Rosneft

March 2, 2022 Mariel Alumit

There is general consensus amongst analysts that oil giant BP will face an uphill struggle to find a buyer for its stake in Rosneft. Governments across the globe have condemned Russia for its invasion of […]

Europe’s Gas Prices Soar 60% To Record High As Buyers Shun Russia
International News

Europe’s Gas Prices Soar 60% To Record High As Buyers Shun Russia

March 2, 2022 Mariel Alumit

Traders are steering clear of deals with Gazprom’s trading unit. The front-month Dutch TTF natural gas futures soared by 60 percent to over $215 (194 euro) per megawatt-hour on Wednesday. Saxo Bank’s Ole Hansen: European […]

High Oil Prices Aren’t Enough To Tempt Shale Producers
Crude Oil News

High Oil Prices Aren’t Enough To Tempt Shale Producers

March 2, 2022 Mariel Alumit

America’s shale industry is looking to ramp up production, but it is facing two major hurdles that could curb its trajectory. Supply chain issues, runaway inflation and a growing labor shortage have hindered the industry’s […]

No Picture
International News

India adds record 10 Gigawatt solar power capacity in 2021: Report

March 2, 2022

Cumulative solar installed capacity in India was approximately 49 GW at the end of December 2021, the report titled ‘Annual 2021 India Solar Market Update’ said. New Delhi:Indiainstalled a record 10 gigawatt (GW) ofsolar capacityduring […]

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