Exxon Mobil Corp. has made a final investment decision (FID) for the Whiptail development offshore Guyana after receiving government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately […]
Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of crude oil from its Agadem oilfield, Niger state television RTN […]
Daily Standup Top Stories Wind farms are useless, says Duke of Edinburgh April 14, 2024 Stu Turley In a withering assault on the onshore wind turbine industry, the Duke said the farms were “a disgrace”. He […]
By John Kemp, senior energy analyst at Reuters Portfolio investors have amassed one of the largest bullish positions in U.S. gasoline futures and options since before the coronavirus pandemic, anticipating that prices will continue climbing over […]
The West might be hoping domestic economic strains facing China will curb its appetite for global competition, even foreshadowing a retreat. But the opposite seems much more likely: an intensification of Beijing’s geopolitical assertiveness, worsening […]
A local official says such a move would further enhance Mali’s relations with Moscow, a state of affairs that has been decried in the West Mali is interested in using Russia’s Mir payments system, Badra […]
Condos in Toronto hit 28-month low. But Vancouver house prices only -3.9% from peak in 2022. Calgary house prices jump to new high; oil boom helps. By Wolf Richter for WOLF STREET. Condo prices in Canada fell 0.7% […]
Alongside the BRICS de-dollarization plans, the Chinese yuan has officially overtaken the US dollar as the top traded currency in Russia. Indeed, the currency has now surpassed the greenback as the most prominent foreign exchange […]
WASHINGTON (AP) — Oil and gas companies will have to pay more to drill on federal lands and satisfy stronger requirements to clean up old or abandoned wells under a final rule issued Friday by […]
Including by 7.9% annualized for the not-seasonally adjusted PPI, worst since June 2022. So we’ll take a look. By Wolf Richter for WOLF STREET. The Producer Price Index data got a lot of attention today because it didn’t […]
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