On top of whatever unrealized losses (cumulative $1.3 trillion at end of Q3) from its securities holdings. But losses don’t matter to the Fed. By Wolf Richter for WOLF STREET. The Federal Reserve released its preliminary financial information […]
The Biden administration has announced a $9 million grant to Alaska researchers to study a project that could capture carbon emissions from a big new coal-fired power plant and inject them in a depleted natural gas field […]
Russia has shown true resilience by not bowing to foreign pressure, President Vladimir Putin said on Wednesday. He stated that Russia is a “self-sufficient country,” whose economy is growing despite the sanctions, while EU member […]
Various environmental, social and governance (ESG)-related funds from Abrdn, Morgan Stanley and UBS have recently been renamed to omit sustainability-related phrases. In addition, according to data from Morningstar Direct cited by the FT, launches of environmental, social and […]
NEW YORK, Jan 12 (Reuters) – Oil prices jumped more than 2% as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen, […]
The US has resumed importing oil from Russia for the first time in more than a year, despite the ongoing sanctions imposed on Moscow over its military intervention in Ukraine, according to a Sputnik Globe report. According to the US […]
In November 2023, the United States imported oil from Russia for the first time since April 2022, according to US statistical data. Washington purchased almost 10,000 barrels of Russian oil for $749,000. Thus, the price per […]
(Bloomberg) – Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key oil and gas supplier to Europe. Between 40 and 50 […]
The Japanese government has announced plans to spend ¥3trn ($20.86bn) on subsidies for delivered clean hydrogen (and its derivatives) over a 15-year period. The scheme — which will be open to both domestically produced and […]
After 15 years, the Bureau of Land Management finally approved a 732-mile transmission line that will send 3,000 megawatts of power from the Sierra Madre and Chokecherry wind energy projects in Wyoming to renewable-hungry California. […]
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