#oilprice.com. × #Mar.05.2025 Norway’s $1.8-Trillion Oil Fund Bets on Long-Short Equity Strategy | OilPrice.com. Norway's $1.8 trillion oil fund has made its first investment in an external hedge fund utilizing long-short strategies, signaling a shift in its investment approach amid volatile markets.
#Business #Norway #Europe
#oilprice.com. × #Mar.05.2025 China Urges Refiners to Switch From Fuels to Petrochemicals | OilPrice.com. China's central planning agency is urging refiners to reduce fuel production and increase petrochemical output due to declining fuel demand and the rise of EVs.
#Business #China #Asia
#oilprice.com. × #Mar.05.2025 Oil Extends Losing Streak on Tariff Uncertainty | OilPrice.com. Crude oil prices continued to decline due to uncertainty surrounding potential tariff rollbacks and OPEC+'s decision to increase production.
#Business
#oilprice.com. × #Mar.05.2025 China Set to Boost Coal Dependence | OilPrice.com. China is increasing coal production and power generation alongside its expansion of wind and solar capacity, highlighting the continued importance of hydrocarbons for reliable electricity.
#Business #China #Asia
#oilprice.com. × #Mar.04.2025 Crude Oil Inventories See Larger Than Expected Drop | OilPrice.com. The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.455 million barrels for the week ending February 28
#Business #USA #North America #Americas
#oilprice.com. × #Mar.04.2025 Enbridge Bets $2 Billion on Mainline Upgrade—Even as Tariffs Hit | OilPrice.com. Despite the tariff drama, Enbridge is playing the long game, betting that the world will still need crude—and a lot of it—for decades to come
#Business #Canada #USA #North America
#oilprice.com. × #Mar.04.2025 Trump Pulls the Plug on Chevron’s Venezuela Play | OilPrice.com. The U.S. Treasury just gave Chevron Corp. a short 30-day eviction notice from Venezuela, cutting off its ability to pump and sell crude from the sanctioned country
#Business #Politics #South America #USA #North America #Venezuela
#oilprice.com. × #Mar.04.2025 Trump’s Tariff To Hike Prices at the Pump for US Drivers: Gas Buddy | OilPrice.com. According to Gas Buddy, the Northeast is first in line for sticker shock, as it depends heavily on refined products from Canada
#Business #Canada #USA #North America
#oilprice.com. × #Mar.04.2025 Putin Agrees to Mediate U.S.-Iran Nuclear Talks | OilPrice.com. CNOOC is set to launch an upgraded refinery and petrochemicals complex later this year, increasing its crude processing capacity and boosting demand for crude imports.
#Business #Russia #Europe #Asia #Iran
#oilprice.com. × #Mar.04.2025 Trade Wars Begin as U.S. Tariffs on Canada and Mexico Come Into Effect | OilPrice.com. The global trade wars intensified as US tariffs on Canada, Mexico, and China took effect, prompting retaliatory measures and causing market instability.
#Business #China #Canada #USA #Asia #North America #Mexico
#oilprice.com. × #Mar.04.2025 Chinese CNOOC to Launch $2.7-Billion Upgraded Refinery Complex | OilPrice.com. CNOOC is set to launch an upgraded refinery and petrochemicals complex later this year, increasing its crude processing capacity and boosting demand for crude imports.
#Business #China #Asia
#oilprice.com. × #Mar.04.2025 Trump Administration Considers Sanctions Relief for Russia | OilPrice.com. The White House has directed the State and Treasury Departments to draft a list of sanctions on Russian entities and individuals, including oligarchs, that could be eased as part of potential U.S.-Russ
#Business #Politics #Russia #Belarus #USA #Europe #North America
#oilprice.com. × #Mar.04.2025 BP Looks to Hire Two More Directors Under Oil-Focused Strategy | OilPrice.com. BP is expanding its board by adding two new directors to strengthen its focus on oil and gas production and enhance shareholder returns, following its recent strategic shift.
#Business
#oilprice.com. × #Mar.04.2025 U.S. Pauses All Military Aid to Ukraine | OilPrice.com. The White House has suspended all military aid to Ukraine following a heated exchange between President Trump and President Zelensky, demanding a demonstration of good faith.
#Business #Politics #Ukraine #USA #Europe #North America
#oilprice.com. × #Mar.04.2025 OMV and ADNOC Strike Deal to Create New Chemicals Giant | OilPrice.com. OMV and ADNOC have partnered to combine their polyolefins businesses, creating a $60 billion global leader in the sector, including the acquisition of Nova Chemicals.
#Business #Americas
#oilprice.com. × #Mar.04.2025 Hedge Fund Claims Clean Energy Sector Is. A hedge fund specializing in clean energy has declared the sector, including wind and solar, "dead for now," citing poor fundamentals and lack of profitability.
#Business
#oilprice.com. × #Mar.03.2025 OPEC+ Blinks: First Output Hike Since 2022 Shakes Markets | OilPrice.com. OPEC+ has finally decided to go through with its long-delayed oil production increase, adding about 138,000 barrels per day to its production plans beginning in April
#Business
#oilprice.com. × #Mar.03.2025 IEA: India’s Power Demand To Grow At 6.3% Annually Through 2027 | OilPrice.com. India’s electricity demand will grow at an average 6.3% annually over the next three years, above the 2015-2024 average growth rate of 5% due to a surge in cooling demand
#Business #Asia #India
#oilprice.com. × #Mar.03.2025 U.S. Natural Gas Prices Surge On record Export Flows | OilPrice.com. U.S. natural gas futures jumped in Monday’s early trading session, rebounding from recent lows driven by robust export flows and strong demand forecasts
#Business
#oilprice.com. × #Mar.03.2025 Kazakhstan’s Oil Output Hits Record High Of 2.1 Million bpd | OilPrice.com. Kazakhstan has ramped up oil production, with the country’s crude oil and gas condensate output hitting a record high of 2.12 million barrels per day in February
#Business #Kazakhstan #Asia
#oilprice.com. × #Mar.03.2025 Northwest Europe Power Prices Plunge Below Zero on Strong Solar Output | OilPrice.com. A surge in solar power generation in Germany has driven intraday electricity prices into negative territory across several European countries, highlighting challenges for renewable energy investment.
#Business #Germany #Europe
#oilprice.com. × #Mar.03.2025 Sinopec Adds 1.3 Billion Barrels of Shale Oil Reserves | OilPrice.com. Sinopec has certified 1.3 billion barrels of new shale oil reserves in eastern China, despite the challenges of deep underground extraction.
#Business #Tech #China #Asia #Americas
#oilprice.com. × #Mar.03.2025 China’s EV Giant BYD Looks to Raise $5.2 Billion in Share Sale | OilPrice.com. BYD plans to raise $5.2 billion through a share sale in Hong Kong to fund its overseas expansion and research and development efforts.
#Business #China #Asia
#oilprice.com. × #Mar.03.2025 Bad Weather Delays Start-Up of Norway’s New Arctic Oilfield Again | OilPrice.com. Equinor has further delayed the start-up of its Johan Castberg oilfield in the Barents Sea due to persistent bad weather conditions.
#Business #Weather #Norway #Europe #Americas
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