While demand for fossil fuels remains high and is climbing, investment in oil and gas projects around the world is worryingly low. The average global decline rate of oilfields is around 6%, which means oil […]
Wall Street banks have shown deep falls in their investment banking businesses in the fourth quarter, prompting thousands of job cuts, but executives are looking for signs that corporate CEOs are regaining confidence in doing […]
Jamie Dimon, CEO of JP Morgan, has warned of the danger Russia’s war in Ukraine poses to the global energy system going forward. Dimon said that the U.S. needs a comprehensive policy regarding energy that […]
For the first time in history, banks underwrote more loans for renewable energy projects than for fossil fuel projects. Hydrocarbon producers increasingly attract funds from private equity investors. At the end of last year, two […]
JPMorgan Chase CEO Jamie Dimon told Nikkei in an interview that the world was primed for an economic storm, as inflation, monetary tightening, and the war in Ukraine have all fallen into place, and now […]
The CEO of JP Morgan, Jamie Dimon, said that banks refusing to fund new oil and gas projects would be “the road to hell for America”. An unnamed senior executive at a U.S. bank is […]
A court in Chicago convicted the former head of the JPMorgan Chase & Co. precious-metals business, Michael Nowak, and his top gold trader Gregg Smith, of manipulating the gold markets for profit for years. It […]
Republican states are fighting efforts by certain banks to push environmental, social, and governance (ESG) standards that promote, among other progressive agenda, anti-fossil fuel policies. Over the past year, at least 15 Republican-led states have proposed […]
ENB Publishers Note: The data we have been working on for the last 6 months indicates spikes of $185 oil price, but the long term in 2022 and 2023 look to be consistently at the […]
Global energy demand will continue rising by 2030, which will necessitate an additional $1.3 trillion in investments in all forms of energy, including oil and gas, to avoid a shortage of energy supply, according to JP Morgan. […]
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