The kingdom of Saudi Arabia says the decision by the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to cut output quota by 2 million bpd, was taken unanimously and not by its influence. Last week, OPEC+ had agreed to a deep cut global oil production. The move has since raised worries …
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Oct 17 (Reuters) – Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude importer. Brent crude futures rose 66 cents, or 0.7%, to $92.29 a barrel by 0430 GMT, recovering from a 6.4% fall last …
Gazprom CEO Miller: Large section of Nord Stream needs to be replaced Russia has said that the explosions on the Nord Stream pipelines and the leaks that followed were the result of a “terrorist act,”. Nord Stream 2 was never put into operation after Germany axed the certification process following the Russian invasion of Ukraine. …
As i rotate my eclectic cars to charge on my solar panels and service my heat pumps i can’t help but think about the insanity of our times. Its funny to drive by the long lines at the gas stations and drive for free on my 4 battery cars. Which are 2013 Renault Fluence ZE …
Continue reading “Better prepare… It’s going to be a long cold energy crises winter”
Chevron CEO Mike Wirth warned that the premature transition to green energy is already having a major impact on Europe. The oil company chief noted that the global energy crisis had been exacerbated by Western governments “doubling down” on green energy policies. “The reality is, [fossil fuel] is what runs the world today. It’s going …
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Major stocks on Wall Street registered significant declines at the end of Friday’s session as investors continued to assess the Federal Reserve’s future moves regarding still-hot inflation data. The previous day was also marked by private banks’ third-quarter earnings results, including reports posted by JPMorgan, Wells Fargo and Morgan Stanley. The Dow Jones sank 1.34% …
Continue reading “Wall Street tumbles at close, Dow sinks 400 pts”
https://youtu.be/fxDNN2J8lzI LONDON, Oct 14 (Reuters) – Climate change protesters on Friday threw soup over Vincent van Gogh’s painting “Sunflowers” at London’s National Gallery, the Just Stop Oil campaign group said. A video posted by the group, which has been holding protests for the last two weeks in the British capital, showed two women throwing two …
SEOUL, Oct 14 (Reuters) – North Korea fired a short-range ballistic missile into the sea and hundreds of artillery rounds near the border with the South on Friday, South Korea’s military said, the latest military activity by the nuclear-armed country amid heightened tensions. South Korea also scrambled fighter jets when a group of about 10 …
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Wells Fargo & Co. announced on Friday that its revenue in the third quarter of 2022 reached $19.51 billion, going above the market forecasts, and up by 4% than the same quarter in 2021. Diluted earnings per share (EPS) were down by 38% compared to the same time span the year before, landing at $0.85 …
British Chancellor of the Exchequer Kwasi Kwarteng will be sacked, the Times reported on Friday. Earlier, No. 10 announced Prime Minister Lizz Truss will hold a press conference where she will reverse part of the mini-budget laid out by Kwarteng in September. The Guardian claimed he could be replaced by Nadhim Zahawi or Sajid Javid, …
Continue reading “Kwarteng Is Being Sacked as Chancellor, Times Reports”