Downstream

This post was originally published on this siteNov 30, 2021 (Bloomberg) Texas’s top oil and gas regulator voted Tuesday to more clearly define who’ll be at the top of the list to keep receiving electricity during severe winter weather, closing an earlier draft loophole that critics said would’ve let any operator pay just $150 to opt-out of expensive upgrades. […]

This post was originally published on this siteDec 1, 2021 (Bloomberg) Oil rebounded from another sharp drop as OPEC ministers prepared to meet amid booming volatility. West Texas Intermediate rallied as much as 4.6% after shedding almost $4 on Tuesday. That selloff was driven by escalating concerns over the impact on demand of the omicron virus

This post was originally published on this site(Bloomberg) Stay on top of the revolutions reshaping the auto world — from EVs to self-driving technology — by signing up for Hyperdrive’s newsletter here. Elon Musk tweeted early this week that he will be on Tesla’s next earnings call in January and provide an “updated product roadmap.” He’ll also talk about this year’s

This post was originally published on this site(Bloomberg) President Joe Biden didn’t mince words as he blamed the oil industry for gasoline prices running at a seven-year high. “Gas supply companies are paying less and making a lot more,” he said in televised remarks from the White House last week. “That’s unacceptable.”Within minutes, the oil

This post was originally published on this siteNovember 30, 2021 MIDLAND, Texas, Nov. 30, 2021 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today a series of leadership changes. Russell Pantermuehl, currently Executive Vice President and Chief Engineer, will retire from his current role at the end of 2021 after having worked at

This post was originally published on this siteHOUSTON, Nov 30 (Reuters) – Exxon Mobil (XOM.N) will brief Wall Street on Wednesday on its future spending plans, with investors looking for how it will balance oil and low-carbon initiatives without compromising shareholder returns. This year, the largest U.S. oil producer slashed costs by slowing several big expenditures

This post was originally published on this siteNEW YORK, Nov 30 (Reuters) – U.S. crude oil production fell 3.5% in September after Hurricane Ida temporarily halted most crude production in federal waters of the Gulf of Mexico, according to a monthly report from the U.S. Energy Information Administration on Tuesday. Crude output dropped 380,000 barrels

This post was originally published on this siteTAYLOR, Michigan, Nov 29 (Reuters) – Two Democratic U.S. senators said on Monday they are in talks with a key fellow Democrat over his objections to a proposal to provide a $4,500 tax incentive for union-made U.S. electric vehicles as part of the “Build Back Better” legislation before

This post was originally published on this siteNov 30, 2021 Omicron won’t derail the rally for global stocks, according to JPMorgan Chase & Co. strategists, adding another voice to the tone of cautious optimism in the market after the recent sharp pullback. “Sporadic setbacks,” such as the emergence of omicron should be viewed “in the context of

This post was originally published on this siteNov 30, 2021 (Bloomberg) Soaring commodity prices and supply chain bottlenecks threaten to push up the cost of batteries seen as crucial in the fight against climate change.Higher raw material costs could push the average price of a lithium-ion battery pack to $135 per kilowatt-hour in 2022, a 2.3%