Saturday, February 22, 2025
Morgan Stanley not given advisory role on Aramco pipeline sale: sources- oil and gas 360

Morgan Stanley not given advisory role on Aramco pipeline sale: sources

Reuters LONDON/DUBAI  – Morgan Stanley (MS.N) has not been given an advisory role on the potential sale of a stake in Saudi Aramco’s pipeline business, a deal worth over $10 billion, two sources told Reuters. The U.S. investment bank, which has previously advised the world’s largest oil company, was originally looking to be part of the advisory group on any

Weekly Gas Storage: Inventories increase by 76 Bcf- oil and gas 360

U.S. renewable energy consumption surpasses coal for the first time in over 130 years

EIA In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. This outcome mainly reflects the continued decline in the amount of coal used for electricity generation over the past decade as well as growth in renewable energy, mostly from

Rise of remote working is ‘biggest threat to oil demand,’ says analyst- oil and gas 360

Rise of remote working is ‘biggest threat to oil demand,’ says analyst

CNBC Working from home has become the norm, and if the trend continues even after the pandemic abates, it could pose a big risk for oil, analysts are warning. “The biggest threat to oil demand is the rise of remote working,” Bernstein said in a recent note to clients. “A decrease in commuting and business air travel is clearly negative