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The kingdom is plowing billions into infrastructure and investments—and Larry Fink is out to make sure the asset management giant gets a share What’s worth your time when you’ve already built the world’s largest asset management company? For Larry Fink, chief executive officer of BlackRock Inc., courting the billions of dollars in assets up for grabs …
BlackRock’s Aggressive Hunt for Growth in Saudi Arabia Read More »
NV Energy sees unprecedented demand growth on its systems Electricity demand is expected to more than double this decade Executives of US Western utilities owned by Warren Buffett’s Berkshire Hathaway Inc. conglomerate said more natural gas power plants will be needed to supply unprecedented demand growth on their systems. NV Energy Inc. sees natural gas generators playing a …
Buffett Utilities Say More Gas Plants Needed to Meet Demand Read More »
Summary Prices fall for fourth straight session, down 4% on week OPEC spare capacity could offset Iran sanctions, analyst says EIA: U.S. crude inventories up 2.7 million barrels (Reuters) – Oil prices fell to a three-week low on Thursday, extending losses on hopes of easing tensions in the key producing region of the Middle East, …
Oil Extends Losses on Easing Middle East Tension, Demand Concerns Read More »
U.S. crude oil stockpiles rose and gasoline and distillate inventories fell more than forecast last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 2.7 million barrels to 460 million barrels in the week ending April 12, the EIA said, nearly double analysts’ expectations in a Reuters poll for a 1.4 million-barrel …
U.S. Crude Stockpiles Rise, Products Draw Down More Than Forecast – EIA Read More »
(Reuters) – Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and …
What the March Higher in Oil Means for World Markets Read More »
Summary Fed’s Powell: need higher interest rates for longer U.S. stocks seen up 1.4 million barrels – poll Market unwinding war premium, says analyst (Reuters) – Oil prices slipped for a third straight session on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate …
Oil Dips as Demand Worries Outweigh Middle East Supply Risks Read More »
Pipeline will almost triple shipments, bringing oilsands into direct competition with Iraq crude Bloomberg News Canada’s newest oil pipeline may spell trouble for a Middle Eastern country almost 7,000 miles away: Iraq. The Trans Mountain pipeline’s expansion, which will almost triple Alberta oilsands producers’ ability to ship their heavy crude to the Pacific Coast, will most directly affect …
Canada’s Trans Mountain Pipeline Expansion Could be Trouble for OPEC Member Iraq Read More »
Kimmeridge Energy Management said on Tuesday it has withdrawn its proposal to combine its gas-producing assets in South Texas with SilverBow Resources. Kimmeridge, SilverBow’s largest shareholder, in its latest attempt to acquire the company over the last two years had sent its offer on March 13 to combine assets. Along with Riposte Capital, SilverBow’s second-largest …
Kimmeridge Withdraws Merger Proposal for SilverBow Read More »
Iran’s unprecedented missile and drone strike on Israel is unlikely to prompt dramatic sanctions action on Iran’s oil exports from the Biden administration due to worries about boosting oil prices and angering top buyer China, said analysts. Shortly after Tehran launched its weekend attack – retaliation for Israel’s suspected April 1 strike on the Iranian …
Biden Unlikely to Cut Iran’s Oil Lifeline After Israel Attack Read More »
Freeport LNG’s liquefaction plant remains mostly offline for a fifth straight day, with gas utilization rates at 125 million cubic feet per day (mmcf/d), or 5% of its fully operational use, data from financial firm LSEG showed on Monday. Freeport LNG has been the second-largest U.S. LNG exporter, with an installed capacity of 15 million …
Freeport LNG Gas Consumption Running Near Zero for Fifth Day Read More »
