energy

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …

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Chevron can resume a key role in Venezuela's oil production and exports

Chevron can resume a key role in Venezuela’s oil production and exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …

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Energy could be a decade's hedge for investors as inflation remains elevated

Energy could be a decade’s hedge for investors as inflation remains elevated

World War II By Arthur Salzer With underlying inflation at a 40-year high of 6.6% in the United States and even higher rates in Europe, many investors are finally starting to take the threat of inflation seriously. Due to the age of most lifelong investors and portfolio managers, the only point of reference they can …

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Sober or bright?  Europe facing holidays during the energy crisis

Sober or bright? Europe facing holidays during the energy crisis

VERONA, Italy (AP) — Early-season revelers sipping mulled wine and shopping for holiday decorations packed the Verona Christmas Market for its inaugural weekend. But beyond the wooden market stalls, the Italian city has yet to decorate its granite-clad pedestrian streets with twinkling Christmas lights as officials debate the brightness of the season during an energy …

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Europe fears its industries could fly to the United States as energy costs force factories to close

Europe fears its industries could fly to the United States as energy costs force factories to close

The empty assembly line at the Duralex glass factory in Orleans, France, on November 15. Eleanor Beardsley/NPR hide caption toggle caption Eleanor Beardsley/NPR The empty assembly line at the Duralex glass factory in Orleans, France, on November 15. Eleanor Beardsley/NPR ORLÉANS, France – The assembly line at the Duralex glass factory sits idle, its massive …

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Traders

Gas price caps could cause irreversible damage to energy markets | OilPrice.com

Earlier this week, the European Commission published a statement declaring what he called a “safety cap” for gas prices set at 275 euros, or $283, per megawatt hour. Hailed as the long-awaited gas price cap that EU members have been discussing for weeks now, the cap’s objective, according to the Commission, will be used as …

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DCG's Barry Silbert Reveals Crypto Firm Is $2 Billion In Debt As He Tries To Calm Investors After FTX

DCG’s Barry Silbert Reveals Crypto Firm Is $2 Billion In Debt As He Tries To Calm Investors After FTX

Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders in an attempt to calm investors’ nerves after the sudden collapse of FTX. In a note to shareholders Tuesday, Silbert addressed all the “noise” about the financial health of DCG’s subsidiaries, which include trading company Genesis, Grayscale …

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US ready to allow Chevron to increase oil production in Venezuela

US ready to allow Chevron to increase oil production in Venezuela

US ready to allow oil giant to produce and sell Venezuelan oil Chevron owes billions in unpaid debt to state-owned PDVSA US aims to transfer Venezuelan oil sales from shadow companies HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading in its oil once …

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Global Metal-Air Battery Market Report 2022-2027: Growing Demand for High Energy Density Storage Solutions and Significant Shift Towards Zinc-Air Batteries in Electronic Devices

Global Metal-Air Battery Market Report 2022-2027: Growing Demand for High Energy Density Storage Solutions and Significant Shift Towards Zinc-Air Batteries in Electronic Devices

company logo Global Metal-Air Battery Market Global Metal-Air Battery Market Dublin, Nov. 22, 2022 (GLOBE NEWSWIRE) — The “Metal-Air Battery Market by Metal (Zinc, Lithium, Aluminum, Iron), Voltage, Type (Primary, Secondary), Application (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power) and Region – Global Forecast to 2027″ report has been added to from ResearchAndMarkets.com offer. …

Global Metal-Air Battery Market Report 2022-2027: Growing Demand for High Energy Density Storage Solutions and Significant Shift Towards Zinc-Air Batteries in Electronic Devices Read More »

The Italian government approves the 2023 budget with 35 billion euros to revive the economy

The Italian government approves the 2023 budget with 35 billion euros to revive the economy

Budget finds more than 21 billion euros to bring energy bills under control Taxes additional profits of energy companies at 35% Includes amnesty on tax arrears, reduction of retirement age Relaunches the bridge project linking Sicily to the mainland ROME, Nov 22 (Reuters) – Italy’s new right-wing government on Tuesday approved its first budget, a …

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