Energy

OPEC+ mulls further oil production cuts ahead of Russia sanctions and proposed price cap

OPEC+ mulls further oil production cuts ahead of Russia sanctions and proposed price cap

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will meet on Sunday to decide the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil production cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact …

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Russian oil sanctions are about to come into effect.  And they could significantly disrupt the markets

Russian oil sanctions are about to come into effect. And they could significantly disrupt the markets

European oil sanctions are due to come into force on December 5. The idea is to reduce Russia’s oil revenues given its war in Ukraine. Andrei Rudakov | Bloomberg | Getty Images Upcoming sanctions on Russian oil could be “really disruptive” for energy markets if European countries fail to set a cap on prices, analysts …

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Heat Pumps vs. Solar Panels: Which Provides the Most Energy Savings?

Heat Pumps vs. Solar Panels: Which Provides the Most Energy Savings?

Solar panels or heat pump? Both can improve your home’s energy efficiency, reduce your carbon footprint, and most importantly, save you money on your energy bills. Heat pumps use electricity to extract heat from the air and pump it into your home. This heat energy can be used to heat your water supply and keep …

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Brexit Britain stuck in the middle as US and EU go to war over trade

Brexit Britain stuck in the middle as US and EU go to war over trade

Press play to listen to this article Expressed by artificial intelligence. LONDON — Three years after leaving the EU to chart its own course, Britain finds itself caught between two economic behemoths in a brewing transatlantic trade war. In one corner is the United States, whose Congress passed the Biden administration’s vaunted $369 billion green …

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Chevron expects Venezuelan oil shipments, but PDVSA wants payments

Chevron expects Venezuelan oil shipments, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) aims to start receiving shipments of Venezuelan oil as early as December after the oil company last week received a U.S. license to do so, but Caracas is unable to -be not as impatient as the United States. the sanctions restrict payments, people familiar with the matter …

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US oil hits lowest price of the year thanks to China as OPEC+ exit decision looms

US oil hits lowest price of the year thanks to China as OPEC+ exit decision looms

Benchmark oil futures in the United States touched their lowest price of 2022 on Monday, briefly erasing what had been a sizable gain since the start of the year as China’s zero COVID policy was is wreaking havoc on energy demand expectations. The price move came less than a week ahead of a Dec. 4 …

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Global oil market signals near-term weakness ahead of EU embargo on Russian oil

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …

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Chevron can resume a key role in Venezuela's oil production and exports

Chevron can resume a key role in Venezuela’s oil production and exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …

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Energy could be a decade's hedge for investors as inflation remains elevated

Energy could be a decade’s hedge for investors as inflation remains elevated

World War II By Arthur Salzer With underlying inflation at a 40-year high of 6.6% in the United States and even higher rates in Europe, many investors are finally starting to take the threat of inflation seriously. Due to the age of most lifelong investors and portfolio managers, the only point of reference they can …

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