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Environment

Environment

Red Sea crisis could lead to global tanker shortage, Kuwait Petroleum CEO says

Kuwait Petroleum Corporation Deputy Chairman & CEO Shaikh Nawaf Al-Sabah speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024.  Mark...

by admin March 20, 2024
Red Sea crisis could lead to global tanker shortage, Kuwait Petroleum CEO says
Environment

Big Oil’s green-bashing stokes backlash as campaigners hit out at ‘talking points from the 1970s’

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. Mark Felix | Afp...

by admin March 20, 2024
Big Oil’s green-bashing stokes backlash as campaigners hit out at 'talking points from the 1970s'
Environment

Global energy demand will outpace population growth through 2050, Kuwait oil CEO says

Shaikh Nawaf S. Al-Sabah, deputy chairman and chief executive officer of Kuwait Petroleum Corp., speaks during the 2024 CERAWeek by S&P Global conference in...

by admin March 19, 2024
Global energy demand will outpace population growth through 2050, Kuwait oil CEO says
Environment

Exxon is not trying to acquire Hess in dispute with Chevron over Guyana oil assets, CEO says

HOUSTON — Exxon is not trying to acquire Hess as the oil major battles with Chevron over lucrative oil assets in Guyana, CEO Darren...

by admin March 18, 2024
Exxon is not trying to acquire Hess in dispute with Chevron over Guyana oil assets, CEO says
Environment

Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil

Amin Nasser, CEO of Saudi Aramco, speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, on March 18, 2024. F. Carter...

by admin March 18, 2024
Saudi Aramco CEO says energy transition is failing, world should abandon 'fantasy' of phasing out oil
Environment

Oil posts weekly gain as crude market expected to tighten

Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB) gasoline,...

by admin March 15, 2024
Oil posts weekly gain as crude market expected to tighten
Environment

U.S. crude prices crack $81 as oil supply deficit forecast for 2024

The U.S. flag is displayed at Tesoro’s Los Angeles oil refinery. Lucy Nicholson | Reuters U.S. crude oil futures cracked $81 a barrel on...

by admin March 14, 2024
U.S. crude prices crack  as oil supply deficit forecast for 2024
Environment

Oil giant Shell waters down its near-term emission cuts in strategy update

A Shell logo displayed on a sign at a gas station in Nakuru, Kenya. Sopa Images | Lightrocket | Getty Images British oil giant...

by admin March 14, 2024
 Oil giant Shell waters down its near-term emission cuts in strategy update
Environment

Yellen touts electric vehicle ‘boom’ as automakers tone down hype

U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on the “Annual Report of the Financial Stability Oversight Council” on...

by admin March 13, 2024
Yellen touts electric vehicle 'boom' as automakers tone down hype
Environment

Oil strategist says the market could be caught off guard by a crude spike this summer

Investors could be caught off guard by the strength of an oil price rally this summer, according to Morgan Stanley‘s Martijn Rats. His comments...

by admin March 13, 2024
Oil strategist says the market could be caught off guard by a crude spike this summer
Environment

Oil prices jump after Ukraine strikes Russian oil refineries

Smoke billows after Ukraine’s SBU drone strikes a refinery, amid Russia’s attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from...

by admin March 13, 2024
Oil prices jump after Ukraine strikes Russian oil refineries
Environment

BP and Abu Dhabi National Oil Co. suspend major purchase in Israeli gas firm

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of...

by admin March 13, 2024
BP and Abu Dhabi National Oil Co. suspend major purchase in Israeli gas firm
Environment

Oil falls slightly as traders asses U.S. inflation data, OPEC demand outlook

Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area near Long Beach, California, on July 30,...

by admin March 12, 2024
Oil falls slightly as traders asses U.S. inflation data, OPEC demand outlook
Environment

Saudi oil giant Aramco posts 25% fall in full-year profit

Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World...

by admin March 10, 2024
Saudi oil giant Aramco posts 25% fall in full-year profit
Environment

Mega-cap tech stocks dominate many ESG funds. Here’s why

The top holdings of many ESG funds may be surprisingly familiar. While these strategies consider a company’s environmental, social and governance factors, these funds...

by admin March 9, 2024
Mega-cap tech stocks dominate many ESG funds. Here’s why
Environment

Oil prices post weekly loss as China demand weighs on market

An oil pumpjack operates in Los Angeles on July 31, 2023. Mario Tama | Getty Images Crude oil futures posted a weekly loss as...

by admin March 8, 2024
Oil prices post weekly loss as China demand weighs on market
Environment

Why gas is so expensive in California

California is home to some of the highest gas prices in the United States, according to AAA. The national average for a gallon of...

by admin March 8, 2024
Why gas is so expensive in California
Environment

Hess reviews timeline for Chevron deal closing after Exxon escalates Guyana dispute

Mike Wirth, CEO of Chevron and John Hess, CEO of Hess, appear on CNBC to speak about Chevron’s deal to buy Hess Corp for...

by admin March 7, 2024
Hess reviews timeline for Chevron deal closing after Exxon escalates Guyana dispute
Environment

Oil prices edge lower as market weighs U.S. inventory data, interest rate outlook

US Federal Reserve Board Chairman Jerome Powell testifies at a House Financial Services Committee hearing on the “Federal Reserve’s Semi-Annual Monetary Policy Report,” on...

by admin March 7, 2024
Oil prices edge lower as market weighs U.S. inventory data, interest rate outlook
Environment

Exxon could make a bid for Hess’ oil assets in Guyana if Chevron deal terminates

An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203. Al Drago | Bloomberg | Getty Images Exxon Mobil indicated...

by admin March 6, 2024
Exxon could make a bid for Hess' oil assets in Guyana if Chevron deal terminates
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