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Home Archives for August 2024

Natural gas: the fuel of war…

Posted By: EN Todayon: August 26, 2024In:
Natural gas: the fuel of war…

The scramble for natural gas resources has intensified markedly between Asia and Europe following Russia’s incursion into Ukraine in February 2022. This military conflict has upended E... Read more

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New FERC faces old challenges on natural gas pipeline decisions

Posted By: EN Todayon: August 26, 2024In:
New FERC faces old challenges on natural gas pipeline decisions

Driven by recent court actions, the Federal Energy Regulatory Commission is facing a serious challenge to the way it handles natural gas pipeline cases. How the commission will react now tha... Read more

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Stocks making the biggest moves midday: PDD Holdings, Icahn Enterprises, SolarEdge and more

Posted By: EN Todayon: August 26, 2024In:
Stocks making the biggest moves midday: PDD Holdings, Icahn Enterprises, SolarEdge and more

Here are the stocks making notable moves on Monday: PDD Holdings — Shares of the Temu parent company plunged nearly 30% on disappointing second-quarter results. The China-based online retail... Read more

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How investors could net a 60% return from this oil stock, according to Morgan Stanley

Posted By: EN Todayon: August 26, 2024In: General Energy News, Oil & Gas News
How investors could net a 60% return from this oil stock, according to Morgan Stanley

Investors in Petrobras could see a 60% total return on their holdings, according to Morgan Stanley. Analyst Bruno Montanari upgraded American depositary receipts of the Brazilian oil stock t... Read more

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What’s driving the spike in oil prices

Posted By: EN Todayon: August 26, 2024In:
What's driving the spike in oil prices

Oil prices (CL=F, BZ=F) are rising on Monday as Middle East tensions escalate following an Israeli strike on Hezbollah in Lebanon over the weekend. Also driving prices is Libya’s decis... Read more

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Israel says Hezbollah thwarted but situation on Lebanon border ‘not sustainable’

Posted By: EN Todayon: August 26, 2024In:
Israel says Hezbollah thwarted but situation on Lebanon border 'not sustainable'

By James Mackenzie JERUSALEM (Reuters) – Israeli officials and media reacted with satisfaction on Monday after a long-expected missile attack by the Iranian-backed Hezbollah movement a... Read more

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Canada imposes a 100% tariff on imports of Chinese-made electric vehicles

Posted By: EN Todayon: August 26, 2024In:
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles

Canadian Prime Minister Justin Trudeau speaks during a joint news conference with U.S. President Joe Biden, in Ottawa, Ontario, Canada, March 24, 2023. Kevin Lamarque | Reuters Canada’... Read more

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Exxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal

Posted By: EN Todayon: August 26, 2024In:
Exxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal

(Bloomberg) — Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same — or even slightly higher — than current levels, putting efforts to reach net zero carbon emissions... Read more

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Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the US

Posted By: EN Todayon: August 26, 2024In:
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the US

TORONTO (AP) — Canada announced Monday it is launching a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. tariffs imposed over what Western governments say are China... Read more

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Oil prices jump nearly 3% on Libya production halt, Israel-Hezbollah attacks

Posted By: EN Todayon: August 26, 2024In:
Oil prices jump nearly 3% on Libya production halt, Israel-Hezbollah attacks

One of Libya’s rival governments announced oil production would shut down amid a dispute over who should lead the country’s central bank. Israel and Hezbollah traded a major wave... Read more

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