Production, consumption by the US petrochemical industry, and exports all hit records, and the price collapsed. By Wolf Richter for WOLF STREET. US production of ethane – one of the natural-gas liquids that are in the hydrocarbon mix […]
NEW YORK, April 3 (Reuters) – Oil prices settled at their highest levels since late October on Wednesday as investors worried about supply disruptions from a worsening geopolitical landscape, although a jump in U.S. crude […]
Billionaire hedge fund manager Steve Cohen said Wednesday that it will be difficult for the Federal Reserve to get inflation back down to its 2% goal. “The Fed thinks it’s eventually going to come down to a […]
Daily Standup Top Stories Mexico Curbs Oil Exports April 2, 2024 Mariel Alumit Mexico’s state-controlled oil company plans to halt some crude exports over the next few months, a move that would cut supply from a […]
April 2 (Reuters) – Oil prices settled higher on Tuesday after a session in which Ukrainian attacks on Russian energy facilities and escalating conflict in the Middle East pushed the Brent benchmark above $89 a […]
In a recent CNN poll, 48 percent of respondents stated that they believe the economy remains in a downturn, and only 35 percent said that things in the country today are going well. The disparity […]
April 2 (Reuters) – Top oilfield services company SLB (SLB.N), said on Tuesday it will buy smaller rival ChampionX (CHX.O), in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield […]
When the spring proxy season kicks off in April, executives at public companies should expect a flood of political shareholder proposals focused on issues like climate change rather than traditional business concerns. [emphasis, links added] […]
Japanese trading house Mitsubishi Corp has made a strategic investment in MidOcean Energy, the LNG unit of US-based energy investor EIG. EIG revealed the investment in a statement issued on Monday but the firm did […]
AsiaShipyards Hanwha Ocean Top management at Australian shipbuilding group Austal has rejected a $662m bid from South Korea’s Hanwha Ocean, citing regulatory worries. Hanwha Ocean, the yard formerly known as Daewoo Shipbuilding & Marine Engineering, […]
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