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Trump Tariffs Could Hurt Oil Companies and Raise Gas Prices
Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico.The New York Times - 4h -
Trump vows sweeping tariffs on oil, pharmaceuticals and semiconductors
President Trump on Friday vowed to impose sweeping tariffs on semiconductor chips, pharmaceuticals, steel and aluminum and oil and gas. "We'll be doing pharmaceuticals. Importantly in drugs and ...The Hill - 6h -
Oil giant Shell raises dividend despite full-year profit miss
British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.CNBC - 1d -
California bill would hold oil and gas companies liable for climate change-fueled damage
A bill introduced in California’s state Legislature would make fossil fuel companies legally liable for damages from climate change, similar to current law holding utilities liable for fires ...The Hill - 3d -
Chemical, oil industry vets nab roles at EPA
Presented by American Petroleum Institute — A significant number of political appointees who have joined the Environmental Protection Agency (EPA) under President Trump used to work for or have ...The Hill - 4d -
Trump packs EPA with chemical, oil industry alumni
A significant number of political appointees who have joined the Environmental Protection Agency (EPA) under President Trump used to work for or have lobbied on behalf of the chemical and fossil ...The Hill - 4d -
Oil Companies Embrace Trump, but Not ‘Drill, Baby, Drill’
Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase production unless prices rose significantly.The New York Times - 4d -
The many unacceptable risks of Trump's oil obsession
investors that comprise the nation's fossil fuel sector. In normal circumstances, Trump's influence would be limited because another president will replace him in four years. But climate change ...The Hill - 4d -
Trump Stocks E.P.A. With Oil, Gas and Chemical Lobbyists
Top political appointees are already at the E.P.A. preparing to erase the agency’s climate rules and pollution controls. Many of them have tried it before.The New York Times - 6d -
These Companies are Pulling Back on DEI Initiatives
DEI policies originated as a counterweight to discriminatory corporate practices.Inc. - Jan. 24 -
Ukraine claims drone strike on Russian oil refinery
Russia says it shot down more than 120 drones overnight, in what would be one of the largest attacks of the war.BBC News - Jan. 24 -
Chevron to Increase Output at Huge Oil Field in Kazakhstan
The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day.The New York Times - Jan. 24 -
Trump urges oil-exporting nations to slash prices
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.BBC News - Jan. 23 -
Netflix raising prices as subscriptions soar
Netflix plans to raise the cost of a subscription after reporting one of its best financial quarters to end 2024. A standard basic plan including advertisements will now cost $17.99, with a premium ...The Hill - Jan. 22 -
Top Companies for Customer Satisfaction
Iron Mountain leads this category in the Management Top 250, followed by Intel and BallThe Wall Street Journal - Jan. 22 -
Why are you being told to avoid seed oils?
Most claims about the dangers of seed oils tend to focus at least in part on inflammation — more specifically, that seed oils contain large amounts of omega-6s relative to omega-3s.NBC News - Jan. 22 -
McCarthy on Biden pardons: 'It raises doubt on what they did'
Former Speaker Kevin McCarthy (R-Calif.) criticized President Biden's decision to pardon Anthony Fauci, Gen. Mark Milley, former Rep. Liz Cheney (R-Wy.) and other members of the House panel that ...The Hill - Jan. 20 -
BoJ looks to raise rates in shadow of Trump inauguration
Increase would further entrench officials’ move to normalise monetary policyFinancial Times - Jan. 20 -
Is SLB an AI play? Oil company’s CEO makes the case as power demand swells.
The stock of SLB, the oil-services company formerly known as Schlumberger Ltd., rose 3% early Friday after the company posted better-than-expected earnings for the fourth quarter, driven by ...MarketWatch - Jan. 18 -
Biden’s overdue sanctions on Russian oil are a slap at Trump
Oil prices are rising, and you can thank Joe Biden.The Hill - Jan. 17 -
UnitedHealth Group CEO defends company
Click in for more news from The Hill {beacon} Health Care Health Care The Big Story UnitedHealth CEO blames drug companies for high costs In his first public remarks since the murder of a top ...The Hill - Jan. 16 -
Bessent says US should increase sanctions on Russian oil companies
Trump Treasury pick tells Senate panel he wants to ratchet up pressure on Putin regimeFinancial Times - Jan. 16 -
U.S. sanctions on Russia hit oil freight rates
On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely oil tankers.CNBC - Jan. 16 -
Has China already reached peak oil?
The country’s demand for crude seems to be plateauing sooner than expected. The implications are hugeFinancial Times - Jan. 16 -
FirstFT: ‘Breakthrough’ raises hopes for Gaza ceasefire deal
Also in today’s newsletter, special counsel Jack Smith issues report on election interference, and Amazon plans AI ‘brain’ for AlexaFinancial Times - Jan. 14 -
Supreme Court allows Honolulu lawsuit against oil companies to proceed
The U.S. Supreme Court on Monday rejected a request by oil companies to dismiss a lawsuit by the city of Honolulu seeking to hold them responsible for the impacts of climate change. The defendants ...The Hill - Jan. 13 -
Trump’s return raises prospect of global tax war
Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffsFinancial Times - Jan. 12 -
Iran Races to Sell Oil Stored in China
Tehran has shipped out nearly 3 million barrels to raise money that could be used to shore up its allied militias in the Middle East.The Wall Street Journal - Jan. 11 -
US and UK toughens sanctions on Russian oil industry
The actions are aimed at cutting off revenue Moscow is using to fund its war in Ukraine.BBC News - Jan. 11 -
Biden Raises Bounty For Nicolás Maduro to $25 Million
The United States will also extend temporary protections for roughly 600,000 Venezuelan migrants in the United States.The New York Times - Jan. 10 -
Sainsbury's raises pay but is cautious on hiring
The supermarket chain will lift wages to £12.60 but expects costs to increase after Budget measures.BBC News - Jan. 10 -
Trump will struggle to drive down oil prices
Energy production in the US will rise but more of the output will be gassyFinancial Times - Jan. 9 -
Bitcoin Is Luring More Companies and Their Cash
It is a sharp pivot away from the cautious approach of the traditional corporate treasury, normally charged with safeguarding cash rather than chasing higher returns.The New York Times - Jan. 8 -
Oil futures settle at their highest level since October
Oil futures finished higher on Tuesday, shaking off their losses from a day earlier to resume the rally they started the year with and buoyed by expectations for stronger demand.MarketWatch - Jan. 7 -
Anthropic in talks to raise funding at $60 billion valuation
AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.CNBC - Jan. 7 -
Oil companies pay record $5.6M settlement after FTC alleges illegal coordination
Three oil companies will pay a record penalty to settle allegations that they illegally coordinated before a merger between them was complete in 2021 and 2022, the federal government announced ...The Hill - Jan. 7 -
Nigeria’s Seplat moves in to fill gap as foreign oil companies retreat
Buyer of ExxonMobil’s assets in the west African country wants to double production within six monthsFinancial Times - Jan. 7 -
Firms to raise prices due to tax and wage increases
Consumers could face higher costs in the coming months amid falling confidence among UK businesses.BBC News - Jan. 6 -
Trump’s ambitious oil plans will not derail Russia
It would still be very disruptive to try to embargo Russian oil from the world markets altogetherFinancial Times - Jan. 6