Daily Standup Top Stories What’s Going on with Electric Vehicles? May 21, 2024 Mariel Alumit 2024 has not been kind to the electric vehicle, particularly in the United States. Sales are down, Tesla laid off staff, […]
Inventory gluts are resolved by lower prices that boost sales. But that part hasn’t started yet; the glut is still building. By Wolf Richter for WOLF STREET. It’s a good thing for new-car and new-truck buyers to go […]
HOUSTON May 21 (Reuters) – Oil prices settled 1% lower on Tuesday as lingering U.S. inflation poised to keep interest rates higher for longer and likely weighed on consumer demand at the pump, while little […]
Phillips 66 announced it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration of $550 million in a strategic move to expand its natural gas gathering and […]
HOUSTON, May 20, 2024 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) announced today the sale of non-core producing properties by Apache Corporation and certain of its subsidiaries in two separate transactions with aggregate proceeds of […]
When JPMorgan Chase’s Chief Executive Jamie Dimon talks, financial markets listen. He helms the world’s largest U.S. and fifth-biggest bank, with $4.1 trillion of assets. Dimon, 68, has made his name steering several banks through tough times […]
(Bloomberg) – D.E. Shaw & Co., one of the top 15 shareholders in Hess Corp., plans to abstain from voting on the oil company’s $53 billion acquisition by Chevron Corp., becoming the second major investor […]
Transaction advances company’s wellhead-to-market strategy HOUSTON, May 20, 2024–(BUSINESS WIRE)–Phillips 66 (NYSE: PSX) announced today it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration […]
PetroSA and Russia’s Gazprombank are currently investigating the feasibility of restarting operations at a fuel plant in Mossel Bay South Africa’s national oil company PetroSA and Russia’s Gazprombank are conducting a feasibility study with a […]
NEW YORK, May 20 (Reuters) – Oil prices eased about 1% on Monday as U.S. Federal Reserve officials said they were awaiting more signs that inflation was declining before the central bank starts cutting interest […]
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