Sunday, February 2, 2025
Column: Hedge funds sell oil as doubts about economy resurface-oil and gas 360

Column: Hedge funds sell oil as doubts about economy resurface

Reuters LONDON – Hedge funds turned heavy sellers of petroleum last week as the threat of conflict in the Middle East receded and was replaced by renewed concerns about the health of the global economy. Hedge funds and other money managers sold the equivalent of 99 million barrels in the six most important petroleum futures and options contracts in the

Wind energy powerhouse Vestas announces plans for ‘zero-waste’ turbines- oil and gas 360

Wind energy powerhouse Vestas announces plans for ‘zero-waste’ turbines

CNBC Danish firm Vestas said Monday that it was aiming to produce “zero-waste” wind turbines by the year 2040. The wind turbine manufacturer explained that its goal would mean operating a value chain that produced no waste materials. This, it added in a statement, would be achieved through the introduction of a “circular economy approach” in the design, production, service and end-of-life

Oil and gas firms must invest in clean energy solutions to survive: IEA-oil and gas 360

Oil and gas firms must invest in clean energy solutions to survive: IEA

Houston Chronicle Oil and gas companies put their own survival at risk if they fail to adapt to providing clean-energy solutions to the world, the International Energy Agency said in a report Monday. The Paris-based IEA said the largest oil and gas companies spend less than 1 percent of their total capital dollars on renewable energy and clean-energy projects. That trend

Vessel carrying Guyana's first-ever oil cargo sets sail for the U.S.: Tanker Trackers- oil and gas 360

Vessel carrying Guyana’s first-ever oil cargo sets sail for the U.S.: Tanker Trackers

Reuters A vessel carrying about 1 million barrels crude oil from Guyana set sail on Monday for the United States, according to vessel tracking service TankerTrackers.com, ushering the tiny South American nation into ranks of the world’s oil exporters. The first cargo of Liza crude departed from the floating platform Liza Destiny off Guyana, operated by U.S. companies Exxon Mobil,