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(Reuters) – Russia’s central bank has warned the Kremlin’s policy makers the United States and OPEC have the capacity to flood the oil market and cause a repeat of the prolonged price collapse of the 1980s – which contributed to the downfall of the Soviet Union. The warning came weeks before Russian and U.S. Presidents …
Russian Central Bank Sees Chance of Prolonged Low Oil Price Cycle Read More »
U.S. oil major Chevron said on Friday its Chairman and Chief Executive Officer Michael Wirth was paid $32.7 million in 2024, according to a filing with the Securities and Exchange Commission. The total compensation received by Wirth represents a 23.4% increase from the prior year. However, the median annual compensation for Chevron employees, in the U.S. …
Chevron CEO Michael Wirth’s Pay Rises to $32.7 Million in 2024 Read More »
(Reuters) – The future of Canada’s six-year-old carbon pricing system is on shaky ground after 14 oil and gas CEOs and the political opposition leader this week called for its repeal. Scrapping the system, which aims to reduce pollution by giving heavy industry a financial incentive to cut carbon emissions, however, puts the viability of …
Canadian Opposition, Oil CEOs Call for Scrapping Federal Carbon Price System Read More »
By Sarah Mcfarlane and Shadia Nasralla Elliott, some investors want deeper change at BP, sources say Cost cuts, potential board change among options, sources say BP says it has received ‘widespread support’ from investors March 21(Reuters) – Activist investor Elliott Management has met several large shareholders in BP (BP.L) to try to forge a consensus …
Activist Elliott Meets BP Investors to Discuss More Changes, Sources Say Read More »
By Alex Lawler and Ahmad Ghaddar New schedule for 7 members to make compensation output cuts Plan represents monthly cuts of between 189,000 and 435,000 bpd Cuts scheduled to last until June 2026 LONDON, March 20 (Reuters) – OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts …
OPEC+ Issues New Plan for Oil Cuts to Compensate for Overproduction Read More »
By Pavel Polityuk and Tom Balmforth Trump suggests the U.S. run Ukraine’s nuclear power plants Zelenskiy says leaders only discussed Zaporizhzhia plant Vast nuclear station would need years to come fully online Sources say proposal may be testing ideas as part of peace push KYIV, March 20 (Reuters) – Donald Trump’s idea of U.S. interests …
Financial Folly or Pressure Tactic? Trump Eyes Ukraine’s Occupied Nuclear Plant Read More »
By Julian Lee The proximity to land leaves vessels open to attack from shore-based missiles or interception by patrol boats and helicopters.Photographer: Karim Sahib/AFP/Getty Images The Strait of Hormuz, a narrow waterway at the mouth of the Persian Gulf, is rarely far from the center of global tensions. A major shipping route that handles around …
Why Strait of Hormuz Is Vital, and Risky, for Shipping Read More »
Here’s how BYD’s Super e-Platform stack up against the competition Chinese automaker BYD Co. is turning heads with claims that it’s developed an electric-vehicle (EV) platform it says will enable drivers to charge an EV in roughly the same time it takes to refuel a gasoline car. From “more features for no more price” and …
China Automaker Turns Heads With EV it Says Charges in 5 Minutes Read More »
(Reuters) – Kazakhstan’s energy minister will stand down from his role, the country’s presidential office said on Tuesday, as the government struggles to convince U.S. and European oil companies to lower production that exceeds OPEC+ targets. Almasadam Satkaliyev will become the head of the country’s newly created atomic energy agency, the presidential office said in …
Kazakhstan Removes Energy Minister Amid Tensions with OPEC+, Oil Majors Read More »
(Reuters) – Talks to revive the Nord Stream gas pipelines to relaunch Russian gas flows to Germany would be “completely the wrong direction” to go, Germany’s economy and energy minister said on Monday. The Nord Stream pipelines are by far the biggest potential route for Russian gas to flow to Europe. The Nord Stream 1 …
German Minister Warns Nord Stream Pipeline Revival Would be ‘Wrong Direction’ Read More »
