A Dividend Giant I’d Buy Over Suncor Stock
June 19, 2024
2024-06-19 20:15:00 ET Suncor Energy ( TSX:SU ) is among the most popular dividen…
Will the world see a “Staggering” oil supply glut in 2030?
June 19, 2024
Oil Price The International Energy Agency (IEA) recently released its Oil 2024 report, which examines the global dynamics for oil supply security, refining, trade, and investment. The report received considerable media attention because of the projection that by 2030 oil production will reach “a staggering 8 million barrels per day above projected global demand.” The report cites the proliferation of electric vehicles,
Eni to sell $1.1 billion stake in Ivory Coast exploration operations
June 19, 2024
World Oil (Bloomberg) – Eni SpA is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about €1 billion ($1.1 billion), according to people with knowledge of the matter. The Italian oil and gas company is working with advisers including Standard Chartered Plc on the possible stake sale, the people
French Senate urges government to buy ‘golden share’ in TotalEnergies
June 19, 2024
Yahoo Finance PARIS – The French government should buy a “golden share” in TotalEnergies to have a say in strategic company decisions, including aligning its activities with the Paris Climate Accord and vetoing any potential move to the U.S., a non-binding Senate report published on Wednesday said. The report follows nearly six months of hearings by a special commission on
China looks to curb overcapacity in its lithium battery industry
June 19, 2024
Oil Price China issued on Wednesday new guidelines for its lithium-ion battery industry in a bid to put quality over quantity in battery manufacturing, whose boom led to overcapacity and eroded prices for companies in the sector. “China’s Ministry of Industry and Information Technology on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized management and promote high-quality
Chevron kicks off exploration in uncharted “ultra-deep” waters offshore Angola
June 19, 2024
World Oil (WO) – Chevron, through its subsidiary Cabinda Gulf Oil Company Limited, has signed two Risk Service Contracts (RSC) for Block 49 and Block 50 offshore Angola, in the ultra-deep waters of the Lower Congo Basin. These contracts, awarded January 2024, mark the beginning of exploration and development in these offshore blocks. Announced by the African Energy Chamber (AEC),
3 Bargain Oil and Gas Stocks Positioned for Recovery
June 19, 2024
2024-06-19 09:32:19 ET Amid rising oil prices and promising forecasts for global demand, …
3 Energy Stocks Analysts See Huge Upside For
June 19, 2024
2024-06-19 07:40:12 ET Oil prices recently hit seven-week highs on expectations of robust…
