Oil Prices Spike As U.S. Outages Tighten Supply | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Feb 22, 2021, 11:00 AM CST Oil prices rebounded again on Monday, with WTI shooting...Continue Reading
Iraq Pauses Massive Prepaid Oil Deal With China As Prices Soar | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 22, 2021, 10:30 AM CST Iraq has put on hold an oil supply deal with a Chinese company that featured an advance payment of several...Continue Reading
Investment In Battery Tech Exploded In 2020 | OilPrice.com Premium Content By Robert Rapier – Feb 22, 2021, 10:00 AM CST Last fall Swedish lithium-ion battery maker Northvolt announced that it had raised $600 million in equity to invest in capacity expansion, research and development, and large-scale recycling. The capital raise included institutional investors Baillie...Continue Reading
Brazil President Ousts Petrobras CEO | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Feb 22, 2021, 9:30 AM CST The President of Brazil, Jair Bolsonaro, ousted Petrobras chief executive Roberto Castello Blanco,...Continue Reading
Airlines Slammed By Soaring Jet Fuel Prices | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Feb 22, 2021, 9:00 AM CST Jet fuel prices hit a 13-month high last week as oil...Continue Reading
The Senate ultimately is still expected to confirm Haaland, but the slim control Democrats have means Haaland needs every vote she can get. Joe Manchin, the West Virginia Democrat who is chairman of the committee considering her nomination, threw into doubt the fate of another Biden nominee last week. SourceContinue Reading
Activist investor Engine No. 1 released a letter on Feb. 22 reiterating its call for Exxon to overhaul its board of directors by adding four new members who have the expertise to steer the company towards climate neutrality. SourceContinue Reading
The announcement comes as nations in the eastern Mediterranean ramp up investments in offshore gas fields. Egypt is seeking to become a major hub for exporting LNG to Europe, where demand is growing as governments transition from dirtier fossil fuels such as coal and oil. SourceContinue Reading
Prepayment deals are rare in the oil world and this was meant to improve Iraq’s financial situation. While the government is still struggling, its position has improved on soaring oil prices, largely thanks to the rollout of coronavirus vaccines. SourceContinue Reading
A robust recovery in demand from the Covid-19 pandemic had pushed prices to the highest settlement in more than a year last Wednesday, and Goldman sees the rally accelerating as consumption outpaces supply from OPEC and shale. SourceContinue Reading
