Key energy fund XLE outperformed Nasdaq 100 in first quarter ‘Investor sentiment could go either way,’ Dan Pickering says Big tech may be driving the stock market, but after a blow-out first quarter, big oil would like a word. After finishing 2023 in the red as the broader market soared, energy stocks have started 2024 with …
Big Oil Is Beating Big Tech as Eyes Turn to Crucial OPEC Meeting Read More »
Executives remain steadfast in their criticism even as many fossil-fuel companies thrive. The anonymous comments from shale-oil executives in the Federal Reserve Bank of Dallas’ quarterly energy survey are rarely complimentary to President Joe Biden and his policies. The remarks in last week’s edition, however, were particularly notable given the apparent state of the market. The US …
Oil Bosses Rip Biden Policies Even as U.S. Production Soars Read More »
Reactor company Oklo talking to drillers including Diamondback Nuclear power can reduce emissions from producing fossil fuels US oil companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s Permian Basin, a move aimed at cutting carbon emissions and ensuring reliable access to electricity. Diamondback, the largest independent producer headquartered in …
U.S. Shale Drillers Seek to Power Oil Patch With Small Nuclear Reactors Read More »
Bloomberg News Tesla Inc. may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take a toll on sales. Analysts rapidly lowered their projections for this week’s deliveries report as the quarter came to a close. Some on Wall Street are even braced for Tesla’s first sales decline since the early …
Tesla Has Wall Street Worried About How Many Cars it Just Sold Read More »
Offshore Africa, new projects are progressing, with a number of high-reserve offshore developments being planned in countries not typically known for deepwater activity, such as Phase 2 of the Baleine project on the Ivory Coast.
Oil giant starts appeal of Dutch order for emissions cut Bloomberg News “If people can no longer pay for their energy or that energy is no longer reliable when you press the button or want to cook food and turn on the gas stove, the support of people in the country here but also in …
Summary OPEC+ JMMC meets on Wednesday at 1100 GMT Producers earlier agreed to extend output cuts Oil rallies to $89 a barrel, highest this year (Reuters) – An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit their …
OPEC+ Unlikely to Change Output Policy at April 3 Meeting Read More »
WASHINGTON, April 2 (Reuters) – The U.S. Interior Department on Tuesday approved the country’s eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes. WHY IT IS IMPORTANT The New England Wind Project approval brings the U.S. one-third of the way to …
Biden Administration Approves Eighth U.S. Offshore Wind Project Read More »
Canada’s First Nations are eyeing their biggest opportunities yet to invest in multi-billion-dollar energy projects from pipelines to power lines, hinging on Prime Minister Justin Trudeau keeping a promise this spring to make the deals easier to finance. Trudeau’s government will release its budget April 16 and has said it will include plans to guarantee …
Canada’s Indigenous Peoples Eye Big Energy Deals, Await Trudeau Loan Promise Read More »
SLB will acquire ChampionX for $7.74 billion in an all-stock deal that puts a 14.6% premium on ChampionX’s April 1 closing price.
