BRICS
BRICS overtaking G7 in economic might – Putin
The group will account for 36.6% of the world’s GDP in PPP terms by 2028, according to the Russian president The BRICS states are overtaking the G7 in terms of share in global GDP in […]
Finance
Climate Crisis
Daily Energy Standup Episode #319 – Challenges in Climate Action, EV Market, Green Building, State Policies, and Corporate Investments
Daily Standup Top Stories Demagogues imperilling global fight against climate breakdown, says Kerry February 28, 2024 Mariel Alumit The populist backlash against net zero around the world is imperilling the fight against climate breakdown and must […]
Finance
ECB Balance Sheet QT: Down €2.0 Trillion from Peak, to €6.83 Trillion. The ECB Shed 48% of its Pandemic QE Assets
By Wolf Richter for WOLF STREET. The ECB has shed €2.0 trillion of its assets since QT began, as of the latest weekly balance sheet. Its total assets are now down to €6.83 trillion, the lowest since November […]
Finance
Atlas to Acquire Hi-Crush Permian Proppant Assets for $450MM
Austin-based Atlas Energy Solutions Inc. is acquiring all of Hi-Crush Inc.’s Permian Basin proppant production assets and North American logistics operations in a transaction valued at $450 million as it aims to create the largest […]
Finance
Dimon Suggests Other States Should Be More Like Texas
Jamie Dimon applauded Texas for its business-friendly policies and said other areas including New York City should do more to attract investment. The chief executive officer of JPMorgan Chase & Co. praised Texas’s lack of an income tax […]
Finance
Warren Buffett Regrets Owning Electric Utilities
This year’s Berkshire Hathaway investor letter should be sobering for US electric utility investors. Mr. Buffett discusses two reasons why he appears to have soured on the business prospects for US-regulated electric utilities. Buffett recognizes […]
Crude Oil News
Chevron, Exxon in dispute over Hess stake in Guyana oil block
HOUSTON, Feb 26 (Reuters) – Exxon Mobil Corp (XOM.N), opens new tab said on Monday it may preempt Chevron Corp’s (CVX.N), opens new tab acquisition of a 30% stake in a giant Guyana oil block, the centerpiece of its […]
Crude Oil News
California Resources Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results
CRC Delivers Record Cash Flow and Free Cash Flow per Share Annual Results LONG BEACH, Calif., Feb. 27 /BusinessWire/ — California Resources Corporation (NYSE:CRC) today reported financial and operating results for the fourth quarter and […]
Crude Oil News
Ovintiv Reports Fourth Quarter and Year-End 2023 Financial and Operating Results
Strong 2023 Operational Execution; Enhanced Capital Efficiency Expected in 2024 Highlights: Full Year 2023 Generated net earnings of $2.1 billion, cash from operating activities of $4.2 billion, Non-GAAP Cash Flow of $3.9 billion and Non-GAAP Free Cash Flow of $1.2 […]
Exports
New container shipping line established in Saudi Arabia
ContainersMiddle East Folk Maritime A new feeder and short-sea shipping company has been launched in Saudi Arabia to link the kingdom with other key ports in the Red Sea. The Riyadh-based Folk Maritime is headed […]