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HomeFinance

Finance

Beijing
Finance

Beijing blasts EU over trade restrictions

January 9, 2025 Mariel Alumit

  The Chinese Ministry of Commerce has accused Brussels of selectively enforcing its regulation governing foreign subsidies Beijing has accused the EU of imposing unfair trade barriers on Chinese companies in the latest rift in […]

BRICS
BRICS

A US ally wants to join BRICS. Why?

January 9, 2025 Mariel Alumit

By Jackson Okata, an award-winning independent journalist based in Nairobi, Kenya, whose work has been published by CNN, Guardian, Reuters, China Dialogue, Openly, AllAfrica, Mongabay, Inter Press Service, Zenger News, and Al Jazeera English Last […]

Adnoc Gas
Finance

Adnoc Gas dishes out Ruwais LNG contracts worth $2.1 billion

January 9, 2025 Mariel Alumit

According to Adnoc Gas, the largest contract, valued at $1.24 billion for the LPP, was awarded to a consortium consisting of Engineering for the Petroleum and Process Industries (ENPPI) and Petrojet. Moreover, a $514 million […]

Big Oil Companies

EU on Trump-Greenland

January 9, 2025 Andy Del Prado

Daily Standup Top Stories Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026 January 8, 2025 Clark Savage Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 […]

Used-Vehicle Prices
Finance

Why Used-Vehicle Prices May Put Upward Pressure on CPI, after Having Been a Powerful Contributor to Cooling Inflation

January 8, 2025 Stu Turley

The new-vehicle shortages of 2021-2022 now mean lower supply to the used-vehicle market, amid solid demand. By Wolf Richter for WOLF STREET. Used-vehicle prices, which had spiked over the two-year span 2020-2021 by 65% on the wholesale side […]

Chevron
Big Oil Companies

Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026

January 8, 2025 Clark Savage

Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by “a couple billion dollars,” Chevron CEO Michael Wirth announced on Wednesday. America’s second […]

carbon pricing
Carbon Credit

German climate boss calls for citizen relief as domestic carbon pricing raises €13 billion

January 8, 2025 Mariel Alumit

  The head of Germany’s Federal Environment Agency (UBA) renewed calls for carbon revenues to be returned to citizens, as the agency announced that the country’s carbon pricing scheme raised €13 billion from heating and […]

Shell
Finance

Shell trims LNG production outlook for Q4, warns of weaker oil, gas trading

January 8, 2025 Mariel Alumit

Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months. In a […]

Shell
Big Oil Companies

Shell expects ‘significantly lower’ LNG trading results in Q4

January 8, 2025 Mariel Alumit

Shell announced this in its fourth-quarter update note on Wednesday. “Trading and optimization results are expected to be significantly lower than Q3 2024, driven by the (non-cash) impact of expiring hedging contracts,” the UK-based firm […]

Chart
Big Oil Companies

Chart seals LNG equipment deal with ExxonMobil

January 8, 2025 Mariel Alumit

This enabling agreement sets the terms, conditions, and commercial framework for Chart to provide LNG equipment, technology, and services for ExxonMobil’s global portfolio of projects. Specifically, the agreement includes the supply of cold boxes, as […]

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