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Texas oil giant wants court to interpret SEC rule-making Exxon names Follow This, Arjuna Capital as defendants in case Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings, and force a stricter …
Exxon Sues ESG Investors to Stop Climate Proposals on Ballot Read More »
(Reuters) – SLB beat analysts’ estimates for quarterly profit on Friday and said it expects strong growth in its international business this year as resilient offshore and overseas drilling activity boosted demand for its oilfield services and equipment. Schlumberger has banked on international growth, primarily from the Middle East, Europe and Africa, in recent years as …
SLB Beats on Fourth-Quarter Profit on Strong International Demand Read More »
Summary Oil benchmarks head for weekly gain IEA lifts demand growth forecast, sees well supplied market North Dakota oil output down 40% due to cold weather LONDON, Jan 19 (Reuters) – Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output disruptions caused by cold weather …
Oil Heads for Weekly Gain as Middle East Tensions Support Read More »
Summary Raises demand growth projection by 180,000 bpd World supply growth in 2024 to exceed demand growth IEA demand forecast remains lower than OPEC’s projection Sees supply surplus in Q2 if OPEC+ unwinds cuts LONDON, Jan 18 (Reuters) – The International Energy Agency (IEA) has again raised its 2024 global oil demand growth forecast, though …
IEA Raises 2024 Oil Demand Forecast But Lags OPEC View Read More »
Summary China Q4 GDP grows 5.2% vs poll’s 5.3% China’s 2023 refinery throughput hits record high Dollar near 1-mth high as Fed rate cut expectations ease (Reuters) – Oil fell more than $1 on Wednesday as economic growth in China, the world’s second-largest crude user, slightly missed expectations, raising concerns about future demand, while U.S. …
Oil Falls as China’s Economic Recovery Disappoints, Dollar Strengthens Read More »
(Reuters) – Wind and solar are set to lead U.S. power generation growth for the next two years following new renewable energy instillations, Energy Information Administration (EIA) said on Tuesday. U.S. solar power generation is expected to grow 75% to 286 billion kilowatt hours (kWh)in 2025 from 163 billion kWh in 2023 as more generation …
Wind, Solar to Lead U.S . Power Generation Growth Over Next 2 Years, EIA Says Read More »
(Reuters) – Oil prices rose on Tuesday, as investors weighed the impact of tensions in the Middle East. Brent crude futures gained 77 cents, or about 0.99%, to $78.92 a barrel at 1014 GMT. The contract had lost 14 cents on Monday. U.S. West Texas Intermediate crude was up 46 cents, or 0.63%, from Friday …
NEW YORK, Jan 16 (Reuters) – Developers of renewable energy projects selling unused U.S. tax credits to other companies now account for a market worth between $7 billion and $9 billion, buoyed by legislation in 2022 that made these trades possible, a new study shows. President Joe Biden’s climate law aimed to stoke trillions of dollars of investment to …
U.S. Energy Tax Credit Trading Grows to as Much as $9 billion, Study Finds Read More »
(Reuters) – Oil prices lost more than 1% on Monday as the Middle East conflict’s limited impact on crude output prompted profit taking after oil benchmarks gained 2% last week. Brent crude futures were down $1.14, or about 1.5%, at $77.15 a barrel by 1250 GMT and U.S. West Texas Intermediate crude lost $1.15, or …
Oil Drops More Than 1% Despite Middle East Conflict Read More »
Oil prices jump as US, UK strike Houthi targets Summary Some tanker companies halt ships heading to Red Sea China buys record levels of crude oil in 2023 U.S. oil rigs fall by two this week – Baker Hughes Benchmarks close lower for the week HOUSTON, Jan 12 (Reuters) – Oil rose 1% on Friday …
Oil Climbs 1% as Tankers Avoid Red Sea After Strikes on Houthis Read More »
