Category: Energy News Beat

EU chief sheds light on new sanctions against Russia

Energy News Beat There is a growing rift among the bloc’s member states on imposing additional restrictions The EU is set to announce its 12th package of Ukraine-related sanctions on Russia next week, European Commission President Ursula von der Leyen said on Saturday in an address to members of the Ukrainian parliament, the Verkhovna Rada. […]

Death of dollar predictions are ‘no exaggeration’ – ex-White House adviser

Energy News Beat The growing use of national currencies by BRICS countries is likely to speed up de-dollarization, economist Joe Sullivan says The US dollar is facing a growing challenge from BRICS countries due to the bloc’s planned expansion and efforts to boost the use of national currencies in trade among members, according to Joe […]

Berkshire Cash Pile Hits All-Time High $157 Billion, As Buffett Sells A Record $38BN In Stock In Past Year

Energy News Beat Over the years, Warren Buffett has been opportunistic and “fluid” with his ideals and political opinions – he describes himself as a “democrat” yet without batting an eyelid will demand government bailouts for his portfolio of companies –  but he has been steadfast about one thing: he refuses to spend money on […]

Energy giants’ LNG trading results reveal diverging regional bets

Energy News Beat Nasdaq LONDON – Energy giants offered a rare glimpse into their liquefied natural gas (LNG) trading strategies in recent days, with Shell’s and TotalEnergies’ bets on rising Asian demand paying off while BP’s bet on a European deficit turned sour. Source: Reuters The contrasting outcomes highlight the risky nature of trading divisions, […]

Chevron to promote Venezuelan oil chief to run Latin American operations following sanctions relief

Energy News Beat World Oil (Bloomberg) – Chevron Corp. will promote Javier La Rosa to run its operations in Latin America as it builds its presence in the region. La Rosa, who joined the oil giant in 2000, will be based in Buenos Aires and replace Eric Dunning, who is set to retire after a 40-plus […]

Oil heads for weekly loss as geopolitical risk premium wanes

Energy News Beat CNBC Oil rose on Friday, as the U.S. jobs market slowed more than expected last month, bolstering expectations of a pause in interest rate hikes in the world’s biggest consumer, but they remained on track for a weekly loss as supply concerns driven by Middle East tensions eased. Source: CNBC Brent crude […]

Dow Jones Futures: After Big Market Rally, What To Do; Warren Buffett Still Selling Stocks

Energy News Beat Time to act, carefully as the market rally revs up. Warren Buffett’s Berkshire reported strong earnings and a record cash pile. Nvidia leads stocks near buy points. The post Dow Jones Futures: After Big Market Rally, What To Do; Warren Buffett Still Selling Stocks appeared first on Investor’s Business Daily.  The post […]

Dow Jones Futures: After Big Market Rally, What To Do; Warren Buffett Still Selling Stocks

Energy News Beat Time to act, carefully as the market rally revs up. Warren Buffett’s Berkshire reported strong earnings and a record cash pile. Nvidia leads stocks near buy points. The post Dow Jones Futures: After Big Market Rally, What To Do; Warren Buffett Still Selling Stocks appeared first on Investor’s Business Daily.  The post […]

Dow Jones Futures: After Big Market Rally, What To Do; Warren Buffett Still Selling Stocks

Energy News Beat Time to act, carefully as the market rally revs up. Warren Buffett’s Berkshire reported strong earnings and a record cash pile. Nvidia leads stocks near buy points. The post Dow Jones Futures: After Big Market Rally, What To Do; Warren Buffett Still Selling Stocks appeared first on Investor’s Business Daily.  The post […]

Dow Jones Futures: After Big Market Rally, What To Do; Warren Buffett Still Selling Stocks

Energy News Beat Time to act, carefully as the market rally revs up. Warren Buffett’s Berkshire reported strong earnings and a record cash pile. Nvidia leads stocks near buy points. The post Dow Jones Futures: After Big Market Rally, What To Do; Warren Buffett Still Selling Stocks appeared first on Investor’s Business Daily.  The post […]