Finance news

3,286 items · filtered by Kanal: oil_gas

British ESG Platform Put Up for Sale as Sustainability Spending Slows

An ESG reporting platform backed by the government-owned British Business Bank has been put up for sale after appointing administrators, City AM can reveal, in the latest sign blue-chip companies are paring back their sustainability commitments. World Wide Generation, which operates the platform, known as G17 Eco, has opened the bidding to interested parties and those expressing interest following a listing on an insolvency marketplace. The London-based company, which was once valued at more tha

◇ unclassifiedmiddle-east · russia · usa

11d06/30

Thailand Looks to Buy Into U.S. LNG Export Projects to Secure Supply

Thailand’s state-owned oil and gas firm PTT is in early-stage talks with developers of U.S. LNG export projects to invest in facilities and secure long-term supply, anonymous sources with knowledge of the matter told Bloomberg on Tuesday. Thailand looks to secure long-term supply to avoid costly spot LNG purchases during crises such as the current disruption in the Middle East. PTT is talking to several developers, including Australia’s Woodside Energy, which is building the Louisiana LNG export

◇ unclassifiedmiddle-east · russia · usa

11d06/30

Milestone achieved!

Since I unfortunately can't share my joy with anyone, but I want to talk about it somewhere, I'll do it here. I finally managed to reach 6 figures. I grew up poor, both parents dead. Since there's no real estate, I'm actually just saving for my children to give them a head start in life. Finally done! 🤗 PS: All stocks except for a few hundred euros world etf. My luck is AMD with +602% currently submitted by /u/RetardedFloppy [link] [comments]

Social◇ unclassifiedgermany · europe

11d06/30⚠ war-conflict · 3/5

Latvia and Ukraine to open drone factory right on Baltic nation’s border with Russia

The Latgale region, where the new drone factory is to be built, is historically one of Latvia’s most economically disadvantaged.

◇ unclassifiedusa · europe · russia

11d06/30⚠ war-conflict · 3/5

Shell: Global LNG Demand to Surge 65% by 2050

Surging gas demand in South and Southeast Asia will push global LNG demand up by 65% by 2050 from 2025 levels, although growth this year has been stalled by the Strait of Hormuz crisis, Shell, the world’s biggest LNG trader, said in its annual LNG Outlook 2026 published on Tuesday. Last year, 422 million tons of LNG were traded globally. Expectations early this year, including by Shell, were that trade will jump in 2026. However, the Middle East conflict that shut in a fifth of the world’s month

◇ unclassifiedmiddle-east · russia · usa

11d06/30⚠ war-conflict · 3/5

Markets Can't Price a Tweet, Industry Warns

'Markets can price risk, but they can't price a tweet', one exploration and production company executive warned in the latest Dallas Fed Energy Survey.

◇ unclassifiedmiddle-east · usa

11d06/30⚠ shipping-routes · 3/5

Oil Prices Head for Biggest Quarterly Drop Since Pandemic

As traffic through the Strait of Hormuz tentatively reopens following the U.S.-Iran deal to make a deal, oil prices on Tuesday were on track to post a 20% monthly decline and a 30% quarterly plunge in the biggest slump in a quarter since the pandemic-driven crash in prices. In the first quarter of 2020, Brent Crude prices plummeted by 65.5% as the world entered into lockdowns and road transport and industrial fuel demand crashed. The next steepest decline since then was registered in the quarter

◇ unclassifiedmiddle-east · russia · usa

11d06/30

Labor market: Fewer unemployed people on citizens’ benefit – even before the reform

An astonishing ray of hope: Despite job cuts in industry and the ongoing economic downturn, more people receiving public benefit are now finding work. Overall, unemployment remains at a high level.

◇ unclassifiedgermany · europe

11d06/30⚠ war-conflict · 3/5

Asia’s Crude Imports Remain Well Below Pre-War Levels

Despite a slight recovery from May, Asia’s crude oil imports remain at multi-month lows in June amid constrained Middle Eastern flows and high prices for alternative supply. Asia’s crude oil imports in the three months before the Iran war started on February 28 averaged as much as 26.79 million barrels per day (bpd), according to estimates by Reuters columnist Clyde Russell. In contrast, the expected crude imports in June are at just 20.71 million bpd, per Kpler data cited by Russell. These woul

◇ unclassifiedmiddle-east · russia · usa

11d06/30⚠ war-conflict · 3/5

Trump's massive defense budget, depleted war machine, spark U.S. state battle for business and jobs

Trump's huge defense budget request and a race to replenish weapons stocks while building hypersonic missiles lead to war between U.S. states for jobs.

◇ unclassifiedusa

11d06/30

NextDecade Seeks to Raise $3.5B in Debt Instrument Sale for Rio Grande LNG

NextDecade is offering a series of senior secured notes with a total principal amount of $3.5 billion to fund the under-construction Rio Grande LNG project in Brownsville, Texas.

◇ unclassifiedmiddle-east · usa

11d06/30⚠ war-conflict · 3/5

Consumer prices: Falling oil prices and fuel discounts: Inflation falls significantly

The Iran war has fueled inflation in Germany, and consumers have felt this especially at the gas stations. Price pressure eased in June. But now the price-dampening fuel discount is expiring.

◇ unclassifiedgermany · europe · iran

12d06/30⚠ war-conflict · 3/5

India Plans to Cut Reliance on Middle East Oil

India's state oil refiners are planning to reduce their reliance on the Middle East following the supply shock of the Iran war, according to people familiar with the matter.

◇ unclassifiedmiddle-east · usa · iran

12d06/30⚠ shipping-routes · 2/5

Morgan Stanley Cuts Brent Forecast to $75 a Barrel

Morgan Stanley has slashed its oil price forecasts for the next 18 month as it expects the reopening of the Strait of Hormuz to accelerate a new supply glut. The return of oil supply from the Middle East, combined with high U.S. oil exports and still weak Chinese crude purchases, will bring the market full-circle to a new glut in the coming months, according to the bank’s analysts, who slashed their oil price projections for the second time in two weeks. Morgan Stanley now expects Dated Brent to

◇ unclassifiedmiddle-east · russia · usa

12d06/30

Economy: German inflation rate surprisingly falls to 2.3 percent in June

The price of oil is falling and the fuel discount is having an effect: inflation is falling. But the value remains comparatively high.

◇ unclassifiedgermany · europe

12d06/30

Transport transition: charging in record time: Shell presents electric concept car

Shell has developed a battery concept that can charge an electric car in less than ten minutes. A special coolant prevents the battery from overheating. The energy company wants to lower the barriers to entry for electric vehicles.

◇ unclassifiedgermany · europe

12d06/30

Who Is the World's Biggest Oil Producer?

Rigzone examines the Energy Institute's latest statistical review of world energy report, which was released recently.

◇ unclassifiedmiddle-east · usa

12d06/30⚠ war-conflict · 3/5

Iraq’s 14 million barrels of trapped oil travels through Strait of Hormuz

Iraqi oil stranded by the Middle East conflict has escaped the Persian Gulf over the past ten days as transit via the Strait of Hormuz eased during an uneasy US-Iran ceasefire. Vessels carrying about 14 million barrels of Iraqi oil exited the Gulf in the latter part of June and are now carrying crude to buyers in Asia, Europe and the US, according to tanker tracking data compiled by Bloomberg. That is the equivalent of about 1.4 million barrels a day over the 10-day period. All cargoes loaded...

◇ unclassifiedchina · asia · europe

12d06/30

Oil prices set for steep monthly drop as Trump, Iran issue mixed messages on talks in Qatar

The moves come as oil traders monitor the prospect of U.S.-Iran talks in Doha on Tuesday.

◇ unclassifiedusa · iran

12d06/30

Medicare will start covering obesity drugs for the first time. Here's what patients should know

The move could unlock millions of new patients for Novo Nordisk and Eli Lilly and expand access to medications that were previously out of reach for seniors.

◇ unclassifiedusa

12d06/30⚠ shipping-routes · 2/5

Asian Refiners Redirect Middle East Crude to the U.S. as Hormuz Flows Recover

Some Asian refiners have recently offered Middle Eastern cargoes to the U.S. West Coast as supply from the Persian Gulf rises with the reopening of the Strait of Hormuz, while Asian buyers are well-supplied for the next two months. Refiners in Asia have spent the better part of the past four months scrambling to procure crude for the summer from producers outside the Middle East. Buyers now have enough non-Middle Eastern crude lined up to arrive over the next two months, meaning that spot purcha

◇ unclassifiedmiddle-east · russia · usa

12d06/30⚠ war-conflict · 3/5

Ascendant Paris to hold European-flavored Bastille Day flyover with nuclear undertones

The symbolism is notable as all four participating countries have signed up for some variation of France’s promised forward nuclear-deterrence scheme.

◇ unclassifiedusa · europe · germany

12d06/30

Car crisis: This is how the Aachen engineering firm FEV Group wants to restructure its business

Because the automotive industry is lame, the engineering group FEV is making losses. Can customers from new industries compensate for the loss in their core business?

◇ unclassifiedgermany · europe

12d06/30⚠ war-conflict · 3/5

Fuel discount: Cartel Office: Fuel discount didn't really go down well with consumers

The competition watchdogs are keeping a close eye on the mineral oil industry. They are making progress in proceedings against refinery operators. However, if the 12 o'clock rule is violated, there is still a lot of work to be done.

◇ unclassifiedgermany · europe

12d06/30

EU: Berlin apparently wants a drastic reduction in EU financial planning – “400 billion less”

In a government paper, Germany names for the first time an order of magnitude for the targeted EU budget. This is significantly lower in the Commission's proposal.

◇ unclassifiedgermany · europe

12d06/30⚠ war-conflict · 3/5

Concern about power grids: Many consumers fear attacks on the power supply

The arson attack on the Berlin power grid or the fire in a Reutlingen substation have left a clear mark on the population's sense of security. This is shown by a Bitkom study.

◇ unclassifiedgermany · europe

12d06/30⚠ war-conflict · 3/5

Hormuz Tanker Traffic Recovers as Tensions Ease

Tanker traffic at the Strait of Hormuz rose over the past 24 hours for the first time since late last week, when two attacks on commercial vessels spooked many operators and forced others to wait for the easing of the tensions before moving to transit the chokepoint. A total of 24 commodity vessels, including tankers, LNG and LPG carriers and bulk carriers, transited the Strait of Hormuz inbound and outbound on Monday, according to Kpler’s ship-tracking data reviewed by Bloomberg. Still, total t

◇ unclassifiedmiddle-east · russia · usa

12d06/30⚠ war-conflict · 2/5

Corona reconstruction fund: A lot spent, little achieved: Italy's balance sheet of the EU billions

The call rate is high, but growth is stagnating. Economists warn: Italy could be more indebted after the Corona funding ends - without having corrected structural weaknesses.

◇ unclassifiedgermany · europe · uk

12d06/30

Low $70s Not a Fair Price for Oil, Analyst Outlines

'One would assume that a fair price today would be more like $80-90 per barrel than low $70s', SEB Chief Commodities Analyst Bjarne Schieldrop said.

◇ unclassifiedmiddle-east · usa

12d06/30

How do people actually react when a specific amount that you save or invest falls?

I noticed that the reaction completely changes as soon as a number is mentioned. If I say 50 a month, it's not worth it. If I say something higher, it suddenly becomes unpleasant or envious. Why is it that it's not the investing that's funny, but the amount? How is it for you? submitted by /u/Successful-Power2026 [link] [comments]

Social◇ unclassifiedgermany · europe

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