Month: June 2021

(Bloomberg) — Oil advanced with investors awaiting a key meeting between OPEC+ producers on output policy while a stalemate in Iranian nuclear talks drags on. Futures rose 0.7% in New York on Wednesday. The OPEC+ alliance will meet Thursday to discuss output plans with Russia weighing a proposal to boost supply and Saudi Arabia signaling
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(Bloomberg) — Oil closed higher with OPEC+ ministers divided ahead of a key meeting later this week on production policy. Futures in New York managed to eke out a small advance after switching between gains and losses on Tuesday. While OPEC+ members such as Russia have considered backing an increase in output, Saudi Arabia has
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Saudi Arabia’s oil giant Aramco is stepping up efforts to promote initiatives in hydrogen technology and investments to reduce carbon emissions, after a harrowing investor smackdown for Big Oil.  “Hydrogen is real,” Aramco Chief Technology Officer Ahmad Al Khowaiter told CNBC in an interview Sunday, after a day of presentations from Aramco executives and industry
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Wilmington Trust’s Meghan Shue is opening her playbook for the year’s second half — which starts Thursday. Her strategy includes an overexposure to cyclicals, and she favors financials, energy, commodities, materials and industrials. “We see the economic recovery continuing and being a tailwind for stocks,” the firm’s head of investment strategy told CNBC’s “Trading Nation”
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British designer Thomas Heatherwick is designing Google’s new buildings in California and London. Getty In 2019, British designer Thomas Heatherwick found himself having dinner with Google co-founder Larry Page at the billionaire’s house in California. Page wanted to discuss the future of Google’s sprawling headquarters in Mountain View, as well as some of the company’s
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Based on page views, Rigzone’s downstream readers showed particularly strong interest last week in a report about pending workforce reductions. Keep reading to learn more about the anticipated job cuts, along with other popular recent downstream-related articles on Rigzone. Exxon Prepares to Cull White Collar USA Jobs Exxon Mobil Corp. (NYSE: XOM) could reduce its U.S.
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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In this article LIN HEI-DE Casper Hedberg | Bloomberg | Getty Images Energy firm Statkraft and its subsidiary Skagerak Energi have been awarded a contract to supply so-called “green” hydrogen to an 88-meter long, zero-emission ship planned to run between locations in Norway. In a statement Wednesday, Statkraft — which is owned by the Norwegian
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(Bloomberg) — Oil posted its fifth straight weekly gain, the longest winning streak since December, as demand recovers and supplies continue tighten in the U.S. and China. Futures in New York rose 3.4% this week to the highest level since October 2019. Demand continues to rebound while the market expects output will only get a modest
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U.S. Energy Secretary Jennifer Granholm speaks about the Colonial Pipeline cyberattack shut down during a press briefing at the White House in Washington, May 11, 2021. Kevin Lamarque | Reuters WASHINGTON – The Department of Energy is asking Congress for $201 million in its budget request for the fiscal year 2022 to address digital vulnerabilities
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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