PCE price index expected to be released at 1330 GMT U.S. crude stockpiles build for fifth straight week Market eyes potential extension to OPEC+ supply cuts LONDON, Feb 29 (Reuters) – Oil prices were little changed Thursday as investors kept their powder dry ahead of U.S. data expected to offer further clues on the outlook …
Oil Prices Steady as Market Awaits Interest Rate Cues Read More »
(Reuters) – Shell’s U.S. solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends a retreat from owning renewables projects under CEO Wael Sawan. Investment bank Jefferies is running the sale of up to 10.6 gigawatts (GW) of solar generation …
HOUSTON, Feb. 29, 2024 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has entered into a sales and purchase agreement (“SPA”) to acquire Svenska Petroleum Exploration AB (“Svenska”), a privately-held exploration and production (“E&P”) company based in Stockholm, Sweden (the “Acquisition”). Svenska’s primary asset is …
OKLAHOMA CITY, Feb. 27, 2024 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter and full-year 2023. The company also declared its quarterly dividend and provided an outlook for 2024. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor …
Summary OPEC+ expected to make a decision in March on output cuts Spare capacity at multi-year highs- analyst For table of crude price forecasts, click Feb 29 (Reuters) – Analysts were less bullish on oil in February for a fourth straight month, with ample supplies seen holding prices near $80 a barrel this year as …
Oil Prices Expected to Remain Tethered Near $80 a Barrel Read More »
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) – A record year for building new wind farms and a rebound in investments in the sector have raised hopes that the EU may achieve its clean energy targets, industry group WindEurope said on Wednesday. In an annual report, WindEurope described 2023 as a year of “significant improvements” in key areas of Europe’s wind …
Record Year for Wind Farms Raises Hope for EU Green Energy Goals Read More »
