3 Oil Stocks to Buy and Hold for High Total Returns
July 18, 2023
2023-07-18 16:54:57 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
Top asset manager BlackRock names Saudi Aramco CEO to board
July 18, 2023
Oil Price BlackRock has named Saudi Aramco’s chief executive Amin Nasser to the board of directors of the world’s biggest asset manager as an independent director. The CEO of the world’s largest oil company by oil production, exports, and market capitalization joined BlackRocks’s board on Monday, while the asset manager is preparing for the departure of another board member. Bader M. Alsaad,
Major LNG buyers partner to limit methane emissions
July 18, 2023
World Oil (Bloomberg) – The U.S., the European Commission, Japan, South Korea and Australia are collaborating to limit methane emissions from liquefied natural gas (LNG) supply chains as concerns mount over the climate impact from leaks of the potent greenhouse gas. Although few details were released, the partnership represents a shift for some of the world’s biggest LNG buyers.
Oil prices gain more than 1% as investors eye U.S. crude supplies
July 18, 2023
CNBC Oil prices rose on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. Both benchmark contracts had fallen more than 1.5% on Monday following lackluster economic data from China, the world’s largest oil importer, as well as the partial restart of some Libyan oilfields. Brent crude was up 1.3% to $79.52
Small U.S. refiners to sue EPA over denial of biofuel waivers
July 18, 2023
Oil Price Several small U.S. refiners plan to challenge in court last week’s decision by the Environmental Protection Agency (EPA) to deny waivers to refiners who had asked to be exempted from the biofuel blending requirements, one of the refiners, Par Pacific, has told Reuters. Under the Renewable Fuel Standard (RFS), oil refiners are required to blend growing amounts of renewable
