Nasdaq LONDON – Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives. The exploration revival – on the part of European majors in particular – reflects a
Nasdaq LONDON – Portfolio investors have become exceptionally bearish about crude oil as global economic growth slows and production cuts from Saudi Arabia and its OPEC⁺ allies have failed to lift prices. Hedge funds and other money managers sold the equivalent of 64 million barrels in the six most important petroleum-related futures and options contracts in the seven days ending
2023-07-03 12:43:38 ET July 3 (UPI) — Saudi Arabia and Russia on Monday announced sepa…
Oil Price ESG or environmental, social and governance investing is facing troubles. Higher bond yields drove an astonishing £304m out of the sector in May. This largely reflects a natural market dynamic – investors are chasing higher returns by moving from shares to bonds. Yet perhaps there should be some deeper angst at play. Is ESG investing really everything it
CNBC Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to U.S. interest rates. Saudi Arabia on Monday said it would extend its voluntary cut of one million barrels per day (bpd) for another month to include August,
Oil Price Crude oil prices were little changed at the start of the week—and the second half of the year—as traders brace up for tighter supply. Saudi Arabia will this month reduce its oil output by 1 million barrels daily. It remains to be seen if it will extend the reduction beyond July but expectations are that the July cuts will
Manufacturing PMI® at 46%; June 2023 Manufacturing ISM® Report On Business® …
Investing The Biden administration’s climate agenda is facing an unexpected challenge in drought-prone Corpus Christi, Texas, where a proposed clean hydrogen hub would require the installation of energy-intensive, expensive and potentially environmentally damaging seawater desalination plants. The Gulf Coast port is in the running for up to $1 billion available under President Joe Biden’s 2021 Infrastructure Investment and Jobs Act
2023-07-03 06:50:06 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
2023-07-03 05:16:25 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
2023-07-03 03:11:08 ET The USD/KRW price drifted downwards on Monday even after a s…
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