Oil and Gas
BP rakes in quarterly earnings of $8.2 billion as oil majors publish a different spherical of bumper earnings
Shares of BP are up in excess of 45% yr-to-day. Sopa Images | Lightrocket | Getty Images Oil and fuel giant BP on Tuesday claimed more robust-than-envisioned 3rd-quarter gains, supported by large commodity selling prices and robust gasoline internet marketing and trading. The British energy key posted fundamental substitution value earnings, used as a proxy […]
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Oil CEOs say this winter is not the period to worry about when it comes to the energy disaster
PCK Schwedt oil refinery in Schwedt, Germany on Monday, May 9, 2022. Krisztian Bocsi | Bloomberg | Getty Images ABU DHABI, United Arab Emirates — Politicians and governments around the world are bracing for likely civil unrest as many international locations grapple with mounting energy expenditures and climbing inflation. The world wide financial system is […]
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World needs to accept the urgent need for fossil fuel investment now, BP CEO says
BP CEO Bernard Looney photographed in Texas on March 8, 2022. During a panel discussion on Oct. 31, 2022, Looney said his firm’s strategy was to “to invest in hydrocarbons today, because today’s energy system is a hydrocarbon system.” F. Carter Smith | Bloomberg | Getty Images BP’s strategy is centered around investing in hydrocarbons […]
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Oil is all that Putin has left, U.S. presidential advisor Amos Hochstein says
Amos Hochstein photographed in Beirut, Lebanon, on October 27, 2022. Hussam Shbaro | Anadolu Agency | Getty Images Oil is all Russia’s economy has left following its invasion of Ukraine earlier this year, according to Amos Hochstein, special presidential coordinator for President Joe Biden. “Oil is the only thing they have left in that economy […]
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The diesel market is in a fantastic storm as selling prices surge, supply dwindles forward of winter
An aerial look at of Phillips 66 oil refinery is witnessed in Linden, New Jersey, United States on May perhaps 11, 2022. Anadolu Agency | Anadolu Agency | Getty Photographs A excellent storm is taking position in the diesel market place, with dwindling diesel reserves, a drought on the Mississippi River pushing a lot more […]
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3 takeaways from our daily meeting: Looking for new stocks, 2 trades, earnings recap
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Looking for new names We made 2 trades Earnings recap 1. Looking for new names Stocks climbed Friday, with the Dow Jones Industrial Average up nearly 2%. And we’re looking […]
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Europe’s ‘not out of the woods’ inspite of fuel prices slipping to 4-month lows
The hottest data reveals that the EU’s all round storage degrees are at an typical of nearly 94% complete. Photo Alliance | Photo Alliance | Getty Images European gasoline costs may perhaps have dropped to levels not witnessed in more than 4 months, but this is much from currently being the conclude of the electricity […]
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Oil giant Shell reveals designs to hike dividend as it reviews third-quarter income
The logo of Shell on an oil storage silo, beyond railway tanker wagons at the firm’s Pernis refinery in Rotterdam, Netherlands, on Sunday, Oct. 23, 2022. Bloomberg | Bloomberg | Getty Illustrations or photos British oil major Shell described a third-quarter income Thursday, but lower refining and buying and selling revenues introduced an stop to […]
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UK trial will inject hydrogen into a gas-fired, grid-connected power station
An Iberdrola facility photographed in Spain. Europe is looking to develop a number of hydrogen projects over the coming years. Angel Garcia | Bloomberg | Getty Images Hydrogen will be injected into a gas-fired, grid-connected power station during a trial project set to last 12 months, in the latest example of how major companies are […]
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IEA states producing nations are the No. 1 casualty of the electrical power crisis
Intercontinental Electrical power Company Government Director Fatih Birol warned rising and developing nations around the world are most vulnerable to soaring electricity charges. “It is not the U.S. who will go through the most [from] the higher energy charges,” Birol told CNBC on Tuesday. Birol explained these who will be strike toughest involve oil-importing nations […]
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