Sunday, August 1, 2021

Energy

Engine No. 1 Wins two Board Seats at ExxonMobil Amid Historic Battle Over Climate Change

Engine No. 1, an investment firm purpose-made to create long-standing value by harnessing the power of capitalism, won the election of at least two board seats at Exxon following a historic battle over the gas giant’s 12-member board, signaling...

Arctic-Superpower Jostling Warm Up as Russia Acquire major Role

Words’ battle this week between the top United States and Russian diplomats is the latest sign of increasing tensions between world powers racing to seize Arctic resources made more accessible by climate change. Ministers gathering in Reykjavik (capital of Iceland)...

Ransomware Attack Halted Huge Gasoline Pipeline in East Coast

In a statement, the Colonial Pipeline (which pushes around half of the East Coast’s gasoline) described that it has closed its network overnight because of the ransomware attack, in the recent instance of hacking troublesome an American firm’s working. Late...

Oil prices plunge as American producers boost output after Hurricane Delta

On Monday, oil prices slipped for the 2nd straight session when American oil producers started restoring production after Hurricane Delta weakened, while a collapse that had affected output in Norway came to an end. For December, Brent crude LCOc1 down...

Oil prices stay constant as the tropical storm hit the United States

On Monday, oil prices a little elevated when a tropical storm got a vision for the United States Gulf of Mexico area, stopping some production, although price gains were covered by the potential return of crude oil output in...

Saudi Aramco is now facing the cost of a useless oil price war

It was clear to everybody that the recent Saudi started oil price war would finish with much horrible failure for the Saudi oil producers, just like the past 2014-2016 effort did, which was also started for the same reasons. For...

KSA oil shipments to United States drop to 35-year low

This spring, Saudi Arabia drove Republicans anger in Washington by delivering a fleet of tankers to the United States to sink American oil producers with the cheapest crude. In August, America just bought 264,000 barrels per day of Saudi crude...

Volvo chief executive signifies government-backed charging infrastructure for electric cars

On Tuesday, Volvo Cars' chief executive said plug-in hybrids as a well-known idea, but that concept is looking for governmental support to develop charging infrastructure. PHEVs or plug-in hybrid cars are those vehicles that carry an internal combustion engine and...

Oil industry had accomplished its best quarter in thirty years

During the three months through the end of June, oil prices just listed their finest quarterly presentation in thirty years, demonstrating a dramatic response after dropping to record in April. Oil prices just had their best quarter in 30 years...

Global oil prices drop for 2nd time as COVID-19 spike

On Monday, oil prices slipped again for the 2nd straight session as COVID-19 infections climbed up in the U.S. and many other countries, and those nations have to implement partial lockdowns that would definitely cut fuel demand. Brent crude, the international benchmark,...

Latest News

IRS Should Provide Trump’s Tax Information to Congress – Justice Department

On Friday, the United States Justice Department directed the IRS (Internal Revenue Service) to give tax returns of Donald...