US Stocks, Dollar Sink as Trump’s Criticism of Fed Chair Worries Investors

U.S. stock indexes fell and the dollar index slid to a three-year low on Monday as U.S. President Donald Trump’s continued attacks on the Federal Reserve chair and the bank’s monetary policy rattled investors.Safe-haven gold prices hit another record high, while the Swiss franc also rose. Benchmark U.S. Treasury yields edged higher. Trump on Monday …

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Chevron Starts Oil Production From Ballymore Project in Gulf of America

HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the company’s goal to produce 300,000 net barrels per day …

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Republican Lawmakers Face Clean-Energy Conundrum as They Work on Tax Bill

Republican lawmakers working to extend U.S. President Donald Trump’s tax cuts legislation are facing a clean-energy conundrum back home, as major clean energy investments in their districts are at odds with Trump’s skepticism of the industry. Eleven of the 26 Republicans on the House of Representatives’ tax-writing Ways & Means committee, who are now crafting …

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Chevron and Other Companies Exit Egypt’s Red Sea Concessions, Redirect Resources

Summary • Concessions awarded in 2019, part of effort to become energy hub • Chevron says it remains committed to working with Egypt • Ministry spokesperson gives assurances over summer gas supply CAIRO, April 18 (Reuters) – A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas …

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