BP bets on hydrogen as the fuel of the future

BP bets on hydrogen as the fuel of the future

BP sees rapid growth in low-carbon hydrogen Fuel to benefit from government subsidies CEO Looney to announce hydrogen production targets BP plans a large hydrogen project at the Whiting, Indiana refinery LONDON, Dec 5 (Reuters) – BP Chief Executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as governments in major economies … Read more

UK economy to contract in 2023, risks ‘lost decade’: CBI

UK economy to contract in 2023, risks ‘lost decade’: CBI

LONDON, Dec 5 (Reuters) – The British economy is on track to contract 0.4% next year as inflation remains high and businesses halt investment, with grim implications for long-term growth, it forecast. on Monday the Business Industry Confederation. “Britain is in stagflation, with skyrocketing inflation, negative growth, falling productivity and business investment. Businesses see potential … Read more

Oil Prices Rise After OPEC+ Maintains Production Cut Targets, China Eases COVID Restrictions

Oil Prices Rise After OPEC+ Maintains Production Cut Targets, China Eases COVID Restrictions

Brent was up 2.2% at 0142 GMT, WTI was up 2% OPEC+ sticks to plans to reduce production by 2 million bpd More Chinese cities relax COVID-19 restrictions MELBOURNE, Dec 5 (Reuters) – Oil prices rose 2% on Monday after OPEC+ nations held their production targets stable ahead of a European Union ban and a … Read more

Cramer on hot industrial stocks and how we’re playing the tech pivot

Cramer on hot industrial stocks and how we’re playing the tech pivot

The market is so possessed by technology that it cannot see the forest through the industrialists. If the speech isn’t about the cloud slowdown, it’s about who is pulling out of the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor left Salesforce (CRM). Mark Zuckerberg of Meta Platforms (META) could sneeze and … Read more

OPEC+ maintains the brakes on oil despite Russia’s price cap

OPEC+ maintains the brakes on oil despite Russia’s price cap

OPEC+ said on Sunday it would keep output stable ahead of a momentous week in global energy markets as rich nations impose a price cap on Moscow’s oil exports, the European Union launches a ban on Russian oil and Chinese leader Xi Jinping visits Saudi Arabia. Sunday’s decision allows the Organization of the Petroleum Exporting … Read more

OPEC+ maintains stable policy amid weakening economy and Russian oil cap

OPEC+ maintains stable policy amid weakening economy and Russian oil cap

No discussion on Russian price cap – delegates Oil prices have been pressured by the weak economy The next meetings will take place on February 1 and June 3 and 4 LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to its oil production targets at a meeting on Sunday as oil markets struggle to … Read more

Group of oil producers in the crosshairs ahead of Russia sanctions

Group of oil producers in the crosshairs ahead of Russia sanctions

Led by Saudi Arabia and Russia, OPEC+ agreed in early October to cut production by 2 million barrels per day from November. Vladimir Simicek | Afp | fake images An influential alliance of oil producers agreed on Sunday to stay the course on production policy ahead of a pending European Union ban on Russian crude. … Read more

Russia says it will not accept an oil price cap and is preparing a response

Russia says it will not accept an oil price cap and is preparing a response

Dec 3 (Reuters) – Russia “will not accept” a price cap on its oil and is considering how to respond, the Kremlin said in comments published on Saturday, responding to a deal by Western powers aimed at limiting a key source of funding. for his war in the Ukraine. Kremlin spokesman Dmitry Peskov said Moscow … Read more

G-7 describes how it will work

G-7 describes how it will work

President of Russia Vladimir Putin Contributor | Getty Images News | fake images The European Union agreed on Friday to limit Russian seaborne oil prices to $60 a barrel, after several days of intense negotiations over an appropriate level. The announcement comes after the G-7 group of advanced economies agreed in September to impose a … Read more

Oil production cuts on the table ahead of Russia sanctions

Oil production cuts on the table ahead of Russia sanctions

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will meet on Sunday to decide on the next phase of production policy. Mayor Bloomberg | Mayor Bloomberg | fake images OPEC and non-OPEC oil producers could impose deeper cuts in oil output on Sunday, energy analysts said, as the influential energy … Read more