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HomeFinance

Finance

Oil
Crude Oil News

Oil rises to multi-month highs on Russian supply concerns

March 19, 2024 Mariel Alumit

NEW YORK, March 19 (Reuters) – Oil prices rose to multi-month highs for the second straight session on Tuesday as traders assessed how Ukraine’s recent attacks on Russian refineries would affect global petroleum supplies. U.S. […]

government
Finance

Congress has a deal to fund the government. It needs to act fast to avoid a shutdown.

March 19, 2024 Mariel Alumit

Congressional leaders have announced a deal to fund the federal government in advance of a weekend deadline, but they will need to act quickly to avoid a partial shutdown. House Speaker Mike Johnson said a text of […]

TotalEnergies
Crude Oil News

CERAWEEK: TotalEnergies to acquire upstream position in Eagle Ford Shale

March 19, 2024 Mariel Alumit

Global energy company TotalEnergies is expanding in the US shale patch with an upstream acquisition in the Eagle Ford of South Texas, chairman and CEO Patrick Pouyanné said March 18. “We are willing to integrate […]

House Prices
Finance

The Most Splendid Housing Bubbles in Canada: National House Prices Flat in Feb., -16% from Peak, Condos Drop Further, on Bank of Canada’s 5% and Massive QT

March 19, 2024 Mariel Alumit

Toronto condos drop to 28-month low, Vancouver house prices -4% from peak in 2022 but condos near high. Calgary houses set new highs. By Wolf Richter for WOLF STREET. House prices in Canada were unchanged in February compared […]

Climate Crisis

Geopolical Energy Heaven!

March 19, 2024 Andy Del Prado

Daily Standup Top Stories Climate bureaucrats giving China a free pass on its massive pollution March 18, 2024 Mariel Alumit China’s annual greenhouse gas emissions have soared over the past 20 years, dwarfing those of the […]

Oil prices
Crude Oil News

Oil prices inch higher amid attacks on Russian energy facilities

March 18, 2024 Mariel Alumit

NEW YORK, March 18 (Reuters) – Oil prices climbed about 2% to a four-month high on Monday on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in […]

Shale
Crude Oil News

Specialist Buyout Firms Cash In on Shale Consolidation

March 18, 2024 Mariel Alumit

Some private-equity firms backing oil-and-gas producers cashed in on rising consolidation in the U.S. shale industry last year, selling assets for an expected $30.55 billion and fueling distributions to investors—a contrast with the dearth of exit […]

TotalEnergies
CCUS

TotalEnergies to acquire CCS business from Talos Energy

March 18, 2024 Mariel Alumit

TotalEnergies E&P USA Inc. has agreed to acquire Talos Low Carbon Solutions LLC—Talos Energy Inc.’s entire carbon capture and sequestration (CCS) business—for a combined total of about $148 million, the companies said in separate releases […]

Shell
Electric Vehicles

Shell Plans to Divest 1K Retail Sites in Shift to EV Charging

March 18, 2024 Mariel Alumit

Shell Plc plans to divest 500 retail sites annually over the next two years, responding to a growing demand for electric vehicle chargers. “We are upgrading our retail network, with expanded electric vehicle charging and […]

Oil
Crude Oil News

Oil Majors Set To Sanction $125 Billion Upstream Projects in 2024

March 18, 2024 Mariel Alumit

International oil and gas majors and the Middle East’s national oil companies are expected to give the green light this year to up to 30 projects, worth a total investment of $125 billion and holding […]

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