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HomeFinance

Finance

Climate Crisis

Regulatory Wrangles, Subsidy Skepticism, Fossil Fuel Dynamics, and Shareholder Spats

April 2, 2024 Andy Del Prado

Daily Standup Top Stories BlackRock hit with ‘cease and desist’ after allegedly misleading investors about ESG practices April 1, 2024 Mariel Alumit Mississippi Secretary of State Michael Watson and the Securities Division of the Secretary of […]

US
Finance

US Coal Production, Consumption, Exports & Imports in 2023: Consumption Plunges to Lowest since 1963. But Exports Rise

April 1, 2024 Stu Turley

By Wolf Richter for WOLF STREET. Coal consumption in the US plunged another 17.4% in 2023 from the prior year, to 426 million short tons, the lowest since 1963 (red line in the chart), according to data from […]

Kimmeridge
Crude Oil News

Kimmeridge Issues Open Letter to SilverBow Shareholders

April 1, 2024 Mariel Alumit

Remains ready to engage in good faith negotiations with SilverBow towards value-enhancing combination Publishes comprehensive financial and operational data on KTG to support shareholders in analyzing Kimmeridge’s proposal SilverBow made no contact with Kimmeridge before rejecting the March 13 proposal, […]

Oil
Crude Oil News

Oil up 1%, US WTI at 5-month closing high, market seen tight

April 1, 2024 Mariel Alumit

NEW YORK, April 1 (Reuters) – Crude prices edged up about 1% on Monday with U.S. futures closing at a five-month high, on expectations that economic growth in the U.S. and China will boost demand, […]

BlackRock
ESG

BlackRock hit with ‘cease and desist’ after allegedly misleading investors about ESG practices

April 1, 2024 Mariel Alumit

Mississippi Secretary of State Michael Watson and the Securities Division of the Secretary of State’s Office have issued a “Cease and Desist Order” against asset manager BlackRock, alleging deceptive practices regarding the company’s Environmental, Social, […]

Mach Natural Resources LP
Earnings

Mach Natural Resources LP Reports 2023 Results and Year-End Reserves

April 1, 2024 Mariel Alumit

OKLAHOMA CITY, Apr. 01 /BusinessWire/ — Mach Natural Resources LP (NYSE:MNR) (“Mach” or the “Company”) today reported financial and operating results for the year-ended December 31, 2023. In addition, the Company reaffirmed its guidance for […]

Bitcoin
Crypto

What Will Happen To Bitcoin Prices If The Fed Lowers Interest Rates?

April 1, 2024 Mariel Alumit

Multiple market players are now expecting the Federal Reserve to lower rates during the summer. The interplay between the Federal Reserve and monetary policy for BitcoinBTC 0.0% has been an interesting one, and one that goes much deeper than […]

Empire Petroleum
Earnings

Empire Petroleum Announces Results for Fourth Quarter and Full Year 2023

April 1, 2024 Mariel Alumit

TULSA, Okla.–(BUSINESS WIRE)–Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana today announced operational and financial results for the […]

EV
Bankruptcy

EV maker slashes prices as it tries to avoid bankruptcy

April 1, 2024 Mariel Alumit

California-based electric vehicle startup Fisker slashed the prices of some of its vehicles as it fights to avoid bankruptcy after a potential deal with another automaker fell through. The manufacturer’s suggested retail price for the 2023 Ocean […]

Interest Payments
Finance

Curse of Easy Money: US Government Interest Payments on the Ballooning Debt v. Tax Receipts, Higher Interest Rates, Inflation

March 31, 2024 Mariel Alumit

Biggest Drunken Sailors of all. Average interest rate on the Treasury debt spiked but is still only half of what it was in 2001. By Wolf Richter for WOLF STREET. Interest payments as a percent of tax receipts is […]

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