Energy
OPEC+ to decide on oil output policy as U.S. considers unprecedented release of reserves
Saudi Energy Minister Prince Abdulaziz bin Salman has said OPEC+ will keep politics out of its decision-making process in favor of the “common good” of stabilizing energy prices. Ian Forsyth | Getty Images News | Getty Images A group of some of the world’s most powerful oil producers on Thursday will meet to determine the […]
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Oil prices slide as Biden considers huge reserves release
A general view shows Marathon Petroleum’s oil refinery, following Russia’s invasion of Ukraine, in Anacortes, Washington, March 9, 2022. David Ryder | Reuters LONDON — Oil prices dropped sharply on Thursday after reports that U.S. President Joe Biden is considering the release of up to 180 million barrels from the country’s strategic petroleum reserve (SPR). […]
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How hackers and geopolitics could derail the planned energy transition
This image shows an onshore wind turbine in the Netherlands. Mischa Keijser | Image Source | Getty Images Discussions about the energy transition, what it means and whether it’s actually underway at all, have become major talking points in recent years. How the transition — which can be seen as a shift away from […]
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Wall Street banks love these energy stocks — and two are on Goldman’s conviction buy list
Goldman Sachs and Bank of America have identified their top energy stocks to buy, two of which are on Goldman’s coveted conviction list. Source
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Everyone is worried about gas prices, but diesel is driving inflation more than you think
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Even before Russia invaded Ukraine, the fuel that runs the global economy was in short supply. Now some analysts say there could be spot […]
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Biden announces new funding to make homes more energy efficient
Energy Secretary Jennifer Granholm speaks during a meeting with Secretary of State Antony Blinken, European Union High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles, and European Commissioner for Energy Kadri Simson at the State Department in Washington, February 7, 2022. Andrew Harnik | Pool | Reuters The Biden administration on Wednesday announced […]
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Asia will become the ‘default market’ for Russian oil, Dan Yergin says
Asia will become the default market for Russian oil as the country tries to find buyers for its energy exports, IHS Markit Vice Chairman Dan Yergin told CNBC. Major oil importers in Asia like China and India have been pressured by oil prices which have soared since Russia invaded Ukraine in late February. Besides the […]
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Crypto hackers steal over $615 million from network that runs popular game Axie Infinity
Eugene (L) and Ginger Arboleda giving a demonstration on how to play Axie Infinity, an NFT game where players earn tokens that can be exchanged for cryptocurrency or cash, Manilla, December 10, 2021. Jam Sta Rosa | AFP | Getty Images The popular blockchain game Axie Infinity, which lets users earn money as they play, […]
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UAE energy minister warns of poverty and economic stagnation if energy affordability isn’t tackled
United Arab Emirates’ Energy Minister Suhail Mohamed al-Mazrouei at a press conference in January, 2018. MOHAMMED MAHJOUB/AFP/Getty Images Failure to address energy affordability risks casting significant portions of the world into poverty and stagnating the global economy, according to the United Arab Emirates Energy Minister Suhail Al Mazrouei. Soaring energy prices have caused inflation to spike […]
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Putin should think about the consequences of asking for energy payments in rubles, Germany says
Germany has some advice for Russian President Vladimir Putin: think about the consequences of asking for energy payments in rubles. Russia’s Putin said last week that “unfriendly” nations would be asked to pay for their natural gas in rubles — causing a spike in European gas prices. By asking for payments in the Russian currency […]
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