World Oil (Bloomberg) — Valero Energy Corp.’s trading division was the largest buyer of crude oil in the Biden administration’s second sale of emergency stocks that were part of the White House’s efforts to combat surging energy prices after Russia invaded Ukraine. Twelve companies were awarded all of the 30 million barrels of oil offered from the Strategic Petroleum Reserve, the Energy
World Oil (Bloomberg) –Europe’s oil stocks may not be the most obvious picks in an ESG-conscious world, but some investors can’t get enough of them. They’re cheap, pay big dividends and have benefited from a recovery in oil prices. That’s an attractive combination for investors who are nervous that the broader market is overvalued after the relentless rally from the
From The Houston Chronicle Within the next 12 months Australia is likely to surpass Qatar as the world’s largest exporter of liquefied natural gas, the Energy Information Administration is forecasting. Australian LNG capacity reached 11.4 billion cubic feet a day this year, more than four times what it was in 2011 and surpassing Qatar’s capacity. Australia “exported more LNG than
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