Energy News Beat By Wolf Richter for WOLF STREET. In April, employers added 175,000 payroll jobs – excluding farm workers and the self-employed – a slower pace from the upwardly revised March estimate of 315,000 additions, which had been huge. Over the past 12 months, the range has been between 165,000 and 315,000. Over the past three months […]
Energy News Beat Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and head of North American banks at Fitch Ratings, told CNBC. Consulting firm Klaros Group analyzed about 4,000 […]
Energy News Beat Anglo American’s board unanimously rejected BHP’s unsolicited all-share takeover offer. Anglo American cited significant undervaluation and an unattractive structure as reasons for rejecting the proposal. Industry insiders believe BHP’s interest in Anglo American is primarily driven by its copper assets. Metal Miner Metals markets recently saw UK metal and mining multinational Anglo […]
Energy News Beat OPEC convened a workshop today to address oil overproduction issues and devise comprehensive compensation plans to make up for previous overages, according to an official OPEC press release. The push for production cut compliance comes as the price of Brent crude is trading down roughly $6 per barrel over the last 30 […]
Energy News Beat (WO) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a new report highlighting the organization’s view that it does not expect global oil demand to peak or plateau by the end of the decade. Instead, EIR expects global oil demand to grow to approximately 108 MMbpd by 2030. Chief […]
Energy News Beat The world is in a financial crisis and it is intentionally been implemented. Today I sit down with Paul Tice and we talk about his new book: “The Race to Zero: How ESG Investing will Crater the Global Financial System” – Paul H. Tice While getting ready for this interview, I poured […]
Energy News Beat Piles of coal parked at the entrance of Baltimore Harbor are the gateway to one of the biggest fossil fuel plants in the mid-Atlantic region. After years of public debate and litigation brought by the Sierra Club, the 1,283-megawatt Brandon Shores coal-burning power station is expected to close in 2025 under an […]
Energy News Beat Höegh LNG, Australian Industrial Energy (AIE), and Egyptian Natural Gas Holding (EGAS) have signed an agreement to deploy the FSRU Hoegh Galleon to Egypt. The FSRU will be deployed to support energy security in Egypt. The unit will be located in Ain Sokhna for a likely period of 19-20 months, after which […]
Energy News Beat Ford Motor Company reported a whopping $132,000 loss on each electric vehicle (EV) sold during the first three months of 2024, amassing a $1.3 billion loss. The auto manufacturer’s electric vehicle unit revealed Thursday that they experienced a 20 percent decrease in sales volume and were forced to slash prices due to […]
Energy News Beat TotalEnergies and Vanguard Renewables, a US farm-based organics-to-renewable natural gas (RNG) producer, have signed an agreement to create an equally owned joint venture to develop, build, and operate Farm-Powered RNG projects in the US. TotalEnergies and Vanguard Renewables will construct 10 RNG projects over the next 12 months, with a total annual RNG capacity […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
