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Home2023March

Month: March 2023

Oxy
Exploration and Production

Oxy CEO Vicki Hollub doesn’t seem worried about White House pressure on buybacks, oil prices

March 7, 2023 Mariel Alumit

KEY POINTS Oxy CEO Vicki Hollub oversaw the No. 1-performing stock in the S&P 500 in 2022. The White House has pressured oil companies to produce more but Hollub says its capital spending plan will […]

LNG
Exports

EU’s LNG imports from Russia see highest levels in 3 years

March 7, 2023 Mariel Alumit

European Union’s LNG imports from Russia last year rise by 31% and 35% compared to 2020 and 2021 volumes, respectively LONDON Liquefied natural gas (LNG) imports into the EU from Russia last year were the […]

Price
EIA News

EU’s ban on diesel fuel from Russia shifts trade patterns

March 7, 2023 Mariel Alumit

March 7, 2023 Data source: Vortexa Analytics, March 1, 2023 On June 3, 2022, the EU adopted a sixth package of sanctions that banned imports of seaborne crude oil from Russia into the EU (effective […]

Sibanye
Rare Earth Minerals

Sibanye-Stillwater secures controlling stake in New Century Resources

March 7, 2023 Mariel Alumit

​ Precious metals miner Sibanye-Stillwater (JSE: SSW)(NYSE: SBSW) said on Tuesday it had increased its stake in Australia’s New Century Resources (ASX: NCZ) to nearly 71% in an attempt to acquire it. The move comes […]

oil
Climate Crisis

Environmentalists sue to stop Gulf of Mexico oil and gas auction

March 7, 2023 Mariel Alumit

March 6 (Reuters) – (This March 6 story has been corrected to read that the lawsuit was filed in the U.S. District Court for the District of Columbia, and not the U.S. Court of Appeals […]

Construction
Natural Gas

Mountain Valley Pipeline Gets a Key Approval to Restart Construction

March 7, 2023 Mariel Alumit

(Reuters) — The Biden administration has determined that restarting construction on the Mountain Valley Pipeline won’t significantly jeopardize rare fish and other endangered species along its path, clearing a major hurdle that was keeping developers […]

Iran
Aljazeera International

Iran supreme leader orders punishment for schoolgirl poisoning

March 7, 2023 Mariel Alumit

Tehran, Iran – Iran’s supreme leader, Ayatollah Ali Khamenei, has called for the perpetrators of schoolgirl poisonings to be punished as attacks spread across the country. Speaking on the sidelines of an annual tree-planting ceremony […]

Aljazeera International

Bakhmut’s fall would not mean Russia is winning: Pentagon

March 7, 2023 Mariel Alumit

United States Defense Secretary Lloyd Austin has said the war-torn eastern Ukrainian city of Bakhmut is symbolically important to Russia, rather than operationally, and its capture would not signal Moscow has regained momentum in its […]

Russia
Crude Oil News

Will Russia sanctions dethrone ‘King Dollar’?

March 7, 2023 Mariel Alumit

A rebellion is brewing. The United States dollar has ruled the financial world for nearly eight decades since the end of World War II. Now, another war is setting the stage for many countries to […]

Finance

Bank of America CEO predicts ‘slight’ US recession this year

March 7, 2023 Mariel Alumit

EconomyBusiness and Economy Bank of America chief executive Brian Moynihan has predicted the United States will enter a “very slight” recession later this year despite improving signs for the global economy. Speaking at a business […]

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