Highlights India’s Oct gasoline consumption rose 5.81% on month: PPAC Average runs for local refineries rose to 99% in Oct on firm demand Dec gasoline demand may see downside if restrictions appear: Analytics India’s gasoline output rose in October, with production hitting a seven-month high
Brazil-focused Amarillo Gold is being acquired by Hochschild Mining (LON:HOC) for $164.5 million. The companies announced the transaction today. Hochschild is paying 40 cents per share for Amarillo, a premium of 66% over the 20-trading day volume weighted average trading price of the Amarillo shares
By Paul Burkhardt and Laura Hurst on 11/29/2021 LONDON (Bloomberg) – Royal Dutch Shell Plc faces a growing campaign against its plans to conduct a seismic survey of potential oil and gas reservoirs off South Africa’s rugged coastline. The standoff is the latest example of
Crude oil futures were higher in mid-morning Asian trade Nov. 30, extending overnight gains, as investors continued to see current oil prices as a bargain though uncertainty over the impact of the omicron variant lingered. Not registered? Receive daily email alerts, subscriber notes & personalize
By Matthew Martin and Anthony Di Paola on 11/29/2021 (Bloomberg) –Saudi Arabia’s Energy Minister Abdulaziz bin Salman played down the likely fallout from the new coronavirus variant that pummeled oil markets last week. “I’m a very relaxed person. I’m not concerned,” the minister said when
By Laura Hurst on 11/29/2021 LONDON (Bloomberg) – BP Plc plans to build a green hydrogen facility in northeast England that could start producing the gas by 2025, part of a massive project to help the oil major transition toward cleaner sources of energy. The
Plug Power (PLUG), a leading maker of hydrogen fuel cells, is trying to rebound as momentum in renewable energy lifts shares. Is PLUG stock a buy right now? X Latham, N.Y.-based Plug Power supplies hydrogen fuel cells mainly for forklifts in large warehouses. Its fuel
Highlights Platts Analytics sees only long-term risk to development Similar measures in Democrats’ reconciliation bill go further The Biden administration’s proposed reforms to federal oil and gas leasing could raise costs to drillers and potentially shrink available acreage, but the expected production impact continues to
Image shows a couple reviewing their retirement plan. Fidelity Investments plans to launch a new product next year that will allow individuals to shift a portion of their employer-sponsored retirement plan into an annuity. Creating reliable streams of retirement income is one of the most
Wharton’s Jeremy Siegel warns that stocks could drop 10% as soon as December — hold fast with these 3 ‘conservative’ tech picks The stock market could suffer a 10% correction as early as December if the Federal Reserve starts cracking down on inflation, a respected