The oil market remains relatively cool as Houthi ballistic missiles and drones fly over the Red Sea, confusing some experts who had expected a larger rise in energy prices. According to the US, Yemen’s Houthis have launched more than 100 drone and missile attacks on 10 merchant ships in the Red Sea. Attacks have intensified … [Read more…]
The Trudeau government is introducing a cap-and-trade system for greenhouse gas emissions in the oil and gas sector that will force reductions of 35 to 38 percent starting in 2030 compared to the high levels of 2019. Given the 171 megatons of CO2 released in 2019, Ottawa wants to increase the amount to 106 or … [Read more…]
40 minutes ago Blackpink’s contract extension relieves pressure on YG’s stock price: analyst Following news that K-pop girl group Blackpink has renewed its contracts with agency YG Entertainment, Minha Choi, senior analyst at Samsung Securities, said a “significant drag” on the label’s share price has been removed. On Wednesday, shares of YG rose 25% following … [Read more…]
Chevron Corp. operated Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | Getty Images The oil and gas industry must abandon the “illusion” that carbon capture technology is a solution to climate change and invest more in clean energy, … [Read more…]
A trader counts new 2,000 rupee notes at a wholesale vegetable market in Bangalore, IndiaAP Photo/Aijaz Rahi India’s efforts to achieve greater international acceptance of its currency are failing. According to the Press Trust of India, no oil transactions were conducted in rupees in the financial year 2022-2023. Countries from China to Russia and India … [Read more…]