Oil Companies
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The Oil Weapon Against Moscow
In 1986 the U.S. and Saudi Arabia raised production. That move contributed to the Soviet collapse.The Wall Street Journal - World -
Oil Gains on Heightened Geopolitical Risks, Supply Concerns
Oil futures were higher in European trade, on signs of tightness in the market and growing geopolitical concerns and despite a stronger dollar.The Wall Street Journal - World -
Oil rises after Ukraine strikes Russian refineries, Moscow orders output cuts to meet OPEC+ pledge
At least 10% of Russia's refining capacity has been disrupted by the attacks, according to British intelligence.CNBC - Business - Ukraine -
Oil Inches Lower With Focus on Geopolitical Risks, OPEC+ Policy
Oil prices inched lower after the UN passed a resolution calling for an immediate ceasefire in Gaza and OPEC+ delegates reportedly said they see no need to change supply policy at a review meeting next week.The Wall Street Journal - World -
Why Palm Oil Is Still a Big Problem
The ubiquitous ingredient contributes to the loss of tropical forests.The New York Times - Top stories -
Fight for justice decades on from oil rig disaster
On a stormy night 44 years ago, 123 men were killed when their accommodation capsized in the North Sea.BBC News - Top stories -
Oil prices slip on U.S. crude stockpile increase
U.S. commercial crude stockpiles rose by 3.2 million barrels for the week ending March 22, according to the Energy Information Administration.CNBC - Business -
Oil Prices Rise, Bouncing Back from Wednesday's Losses
Oil prices rose despite a surprise build in U.S. crude inventories last week.The Wall Street Journal - World -
Climate graphic of the week: World’s worst hotspot for oil pollution by ships
Satellite detection shows Indonesia suffers the most slicks tracked in busy waterwaysFinancial Times - World - Climate -
Sinopec’s profit fell in 2023 amid oil market volatility
The company said it expects international oil prices to “fluctuate at medium to high levels” in 2024.MarketWatch - Business -
Libya to investigate claims oil smuggling is fuelling Sudan civil war
Authorities to launch inquiry into allegations of mismanagement at country’s national oil corporation. Libyan authorities have said they will investigate allegations of wholesale mismanagement in the country’s National Oil Corporation, with ...The Guardian - World -
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Oil prices end higher, buoyed by geopolitical tensions, Russia’s output cuts
Oil futures rose on Monday as investors monitored escalating geopolitical tensions in the Middle East and between Russia and Ukraine, while supply concerns continued to weigh on crude-oil prices.MarketWatch - Business - Russia -
Oil prices remain steady as investors weigh supply outlook
Oil futures were little changed on Tuesday, consolidating after bumping higher in the previous session on worries over the global supply outlook.MarketWatch - Business -
Russia supplies oil to North Korea as UN sanctions regime nears ‘collapse’
Satellite images shared exclusively with the Financial Times point to ‘arms-for-oil’ trade between Pyongyang and MoscowFinancial Times - World - North Korea -
FirstFT: Xi meets American CEOs as businesses seek to mend China ties
Also in today’s newsletter, Trump’s Truth Social surges on stock market debut and Baltimore bridge collapse explainedFinancial Times - World - China -
Oil Futures Fall as Investors Watch Mideast Tensions, OPEC Moves
Oil futures fell in early Asian trade as the market contemplated ongoing geopolitical tensions and OPEC cutbacks.The Wall Street Journal - World -
Oil prices end lower, with weekly U.S. crude supply up over 3 million barrels
Oil futures declined on Wednesday but settled off the session’s lows after official U.S. data revealed a weekly increase in crude inventories that was smaller than what was reported by an industry trade group.MarketWatch - Business -
U.S. Crude Oil Inventories Rose by 3.2 Million Barrels Last Week
U.S. crude oil inventories increased last week by 3.2 million barrels last week, along with gasoline stocks as refiners stepped up their capacity use.The Wall Street Journal - World -
Surge of new US-led oil and gas activity threatens to wreck Paris climate goals
World’s fossil-fuel producers on track to nearly quadruple output from newly approved projects by decade’s end, report finds. The world’s fossil-fuel producers are on track to nearly quadruple the amount of extracted oil and gas from newly ...The Guardian - World - Climate -
New oil and gas projects expected to grow despite IEA warning
New oil and gasfields are expected to grow fourfold by the end of the decade, according to a new trackerFinancial Times - Business -
Oil ends higher, with U.S. prices up 16% for the quarter
Oil futures settled higher Thursday for the first time in three sessions to tally a solid gain for the quarter and a third straight monthly climb.MarketWatch - Business -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
The Risk and Reward of Taking the Unsexiest Job at a Sex Company
Adult-entertainment companies need white-collar professionals, but pivoting to a “normal”job later can be a challenge when your résumé is risqué.The Wall Street Journal - World -
Lula steps up interventions in Brazil’s largest companies
Government involvement in Petrobras and Vale alarms investors as president calls market ‘voracious dinosaur’Financial Times - World - Brazil -
Trump media company, parent of Truth Social, begins trading on Nasdaq
Trading in former President Trump's Trump Media & Technology Group, the parent of Truth Social, began on the Nasdaq Tuesday morning after last week's merger vote.ABC News - Top stories - Donald Trump -
A Great Reality Check for a Fast-Growing Company
While rapid expansion motivates me, my team may not feel the same. Here's how I changed course and kept my top employees.Inc. - Business -
Two more abusers at J-pop predator's company
The two individuals involved in sex abuse at Johnny Kitagawa's agency are still alive, BBC is told.BBC News - Top stories -
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Baltimore port crisis: World's largest container ship company, MSC, dumps diverted cargo problem on US companies
Due to the Baltimore bridge collapse, MSC, the world's biggest container ship company, told customers that diverted cargo will become customer responsibility.CNBC - Business -
Boeing boss Dave Calhoun to step down; EU to investigate Alphabet, Apple and Meta – business live
Live, rolling coverage of business, economics and financial markets as Boeing chief executive departs after safety incidents including mid-air door blow-out. The government’s shareholding in NatWest Group has fallen below 30% for the first time ...The Guardian - World - Apple -
MPs and activists challenge claim North Sea oil and gas supports 200,000 jobs
Government has repeatedly used figure to justify more fossil fuel developments despite climate crisis. Are 200,000 jobs really supported by the oil and gas industry in the North Sea? Campaigners and MPs are questioning the longstanding government ...The Guardian - World -
Oil could trade near $100 this year. Here’s what could drag prices back down.
Russia’s decision to deepen its oil production cuts could lift global benchmark crude near $100 a barrel by September, but demand destruction may play a part in dampening price prospects, said analysts at J.P. Morgan.MarketWatch - Business -
Meet the Tech Company That Had a Better Year Than Nvidia
Super Micro Computer has gone from an obscure server maker to a $60 billion company set to join the S&P 500 Monday.The Wall Street Journal - Tech -
US-China Decoupling Poses Supply Chain Risks for Drug Companies
A proposed bill in Congress targets Chinese biotech businesses that play an important role in developing drugs.The Wall Street Journal - World -
Bus company sued by NYC agrees to temporarily stop transporting migrants
Roadrunners Charters, Inc. said it will no longer bus migrants to New York City or the surrounding area while the case is pending.CBS News - Politics -
The last time a Trump company went public it didn't go well for investors
Donald Trump’s social media company could go public as soon as next week, paving the way for a potentially huge windfall for a former president who raked in tens of millions of dollars the last time one of his companies was listed on a stock ...NBC News - Politics - Donald Trump -
Why Tech Companies Are Not Your Friends: Lessons From Roku
Roku recently changed its policy to make it even harder for customers to take legal action. It’s a reminder of how we need to protect ourselves.The New York Times - Tech -
Companies are about to waste billions on AI — here’s how not to become one of them
The excitement around AI is real and justified. But with hype cycles come not only sound investment, but also loads of waste.VentureBeat - Tech -
Water companies told to install monitors on 7,000 sewage pipes
Pollution from emergency overflow pipes into canals, coastal waters and rivers has not always been recorded until nowFinancial Times - World