Tag: energy

18 Oct, 2021

Energymageddon

Are we headed towards a 1970's style energy crisis, J&J talc liability bankruptcy, Microsoft shuts down LinkedIn in China, and much more!
14 Oct, 2021

Natural gas shortages force shift to oil

Soaring natural-gas and coal prices are pressuring power-generation companies and manufacturers to switch to using oil, a trend that could add half a million barrels a day to global demand, the International Energy Agency said Thursday. In its monthly market report, the IEA increased its global oil-demand forecasts for this year and the next by […]
11 Oct, 2021

Chevron aspires to reduce or offset carbon emissions from operations by 2050

Chevron Corp. said Monday it has an “aspiration” to reduce or offset carbon emissions from its operations to zero by 2050, as investor and public pressure mounts on oil producers to respond to climate change. The company also for the first time set a target for reducing the intensity of the carbon emissions from the fuel and […]
4 Oct, 2021

OPEC+ decision leads to higher oil prices

OPEC and a Russia-led group of oil producers agreed to continue increasing production in measured steps, delegates said Monday, deciding against opening the taps more widely, and driving U.S. crude prices to their highest levels since 2014. West Texas Intermediate, the main U.S. oil price, rose 2.3% to close at $77.62 a barrel. Brent, the […]
4 Oct, 2021

Positive VIB3S

I get a 4 out of 5 in podcast quality, I rebalance a portfolio for sector exposure, receive a shareholder letter that I've never received before, and more!
29 Sep, 2021
20 Sep, 2021

Royal Dutch Shell to sell $9.5 billion oil field to Conoco Phillips

Royal Dutch Shell RDS.A -2.16% PLC is close to a deal to sell assets in the Permian basin, the most active U.S. oil field, to ConocoPhillips COP -3.14% for around $9.5 billion, according to people familiar with the matter. The deal could come Monday, assuming talks don’t fall apart, the people said. It comes as Shell is attempting to cut its carbon […]
20 Sep, 2021
15 Sep, 2021

Oil jumps over $2 on Wednesday

Oil prices rose over $2 on Wednesday after industry data showed a larger-than-expected drawdown in U.S. crude inventories and on expectations demand will rise as vaccination roll-outs widen. Brent oil rose $2.14, or 3%, to $75.75 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $2.28, or 3.2%, to $72.74 a barrel. Brent hit its highest levels […]
14 Sep, 2021

Chevron to triple low carbon investments

The San Ramon, Calif., oil giant is pledging to spend $10 billion through 2028 on biofuels, hydrogen production, carbon capture and other technologies, up from a prior commitment of around $3 billion. Mr. Wirth said in an interview that the spending boost reflects optimism in Chevron’s new energies unit, announced in July to oversee the […]