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Wall Street’s top regulator is expected to vote soon to adopt far-reaching changes to the way thousands of U.S.-listed companies tell investors how climate change will affect their bottom line, a landmark rule for the U.S. Securities and Exchange Commission. The agency says such information is important for investors deciding whether to put their money …
What is in the U.S. SEC’s Proposed Rule on Climate Reporting? Read More »
U.S. natural gas futures gained more than 2% on Wednesday, rebounding from a four-year low hit in the previous session, helped by forecasts for slightly cooler weather leading to increased demand for gas for heating. Front-month gas futures for April delivery traded 3.4% higher to $1.87 per million British thermal units. Prices dropped to as …
U.S. Natgas Rises Over 2%, Helped by Cooler Weather Forecasts Read More »
US fund giants JPMorgan Asset Management, State Street Global Advisors and Pacific Investment Management Co. withdrew from CA100+ this month. US Representative Jim Jordan has been one of the key forces behind the Republican Party’s war on environmental, social and governance policies. When global warming is politicized, professional investors are unable to do their jobs properly. …
Climate Investors Warn the Right Is Winning the War on ESG Read More »
Summary Federal Reserve appears in no rush to cut interest rates U.S. crude inventories rise OPEC+ to consider extending supply curbs (Reuters) – Oil prices pulled back on Wednesday as the prospect of delays to U.S. interest rate cuts and a jump in U.S. crude stocks that trounced expectations offset a boost from a potential …
Oil Falls on Fed Rate Cut Caution and Stocks Build Read More »
(Reuters) – Exxon Mobil’s surprise challenge to Chevron’s acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country. Exxon (XOM.N) said on Monday it may exercise pre-emptive rights that could …
Exxon’s Curveball Move in Guyana Alters Chevron-Hess Deal Prospects Read More »
(Reuters) – U.S. shale producer Devon Energy reported a fall in fourth-quarter profit on Tuesday, hurt by lower oil and gas prices and forecast a 2% impact in first-quarter production due to severe winter weather. Concerns over global demand weighed on commodity prices throughout the reported quarter, with U.S. natural gas prices declining by more than …
Devon Energy Reports Lower Profit, Sees Production Hit from Winter Storm Read More »
By Geoffrey Cann A brand new digital bludgeon whose nearly sole purpose is to beat up on the oil and gas industry, is about to be launched. As usual, this is both bad and good news. The Methane Problem For years, human produced industrial methane was overlooked as a meaningful contributor to climate change. Far more attention was paid …
The Latest Digital Bludgeon With Which To Beat Up Oil and Gas – Geoffrey Cann Read More »
Are we heading toward an all-renewable energy future, spearheaded by wind and solar? Or are those energy sources wholly inadequate for the task? Mark Mills, Senior Fellow at the Manhattan Institute and author of The Cloud Revolution, compares the energy dream to the energy reality.
An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as …
Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017 Read More »
Praising Occidental’s voluminous production and contribution to energy security simply reminds investors of the industry’s decade of excess. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. Not to say Warren Buffett’s …
Commentary: Buffett Could Simply Say He’s Betting Oil Prices Go Up Read More »
