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...This newfound self-sufficiency has reduced the impact of external events on the world’s dominant stock market (US equities now represent 64 per cent of the MSCI AC World benchmark)....
...If there is a wave of oil mergers, should wildcatters be kept from buying natural gas drillers? Panuwat struggled to explain the unusual coincidence about the timing of his trade....
...“Shale has redrawn the map of world oil in a way most people don’t seem to understand,” said Daniel Yergin, vice-chair of S&P Global and a Pulitzer Prize-winning energy historian....
...The ECB, for its part, has said that it lacks data on asset-backed securities and other structured products issued by financial corporations that are eligible as collateral....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...“I’m pretty tired of constantly worrying that somebody in Washington DC makes a decision that’s going to impact my family in Fayette county,” said Nick Staffieri, a waste management team leader at EQT Corporation...
...Smart read Developing nation governments have criticised rich-world counterparts for advocating free trade while pursuing protectionist policies, often under a green banner....
...More energy industry news: Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation....
...“This was the mother of all climate cases against corporations,” said Klaas Hendrik Eller, an assistant professor at the University of Amsterdam’s centre for transformative private law....
...That has obvious implications for oil,” he said....
...The China National Offshore Oil Corporation owns 25 per cent, while Hess holds the remaining 30 per cent that would transfer to Chevron if the deal closes....
...Last June, it agreed to sell 4mn tonnes a year of LNG to China National Petroleum Corporation for 27 years, following a similar deal with China’s Sinopec in November 2022....
...On Monday, securities filings revealed a hang-up in Chevron’s $60bn stock deal to acquire smaller rival Hess Corporation....
...The Singapore-registered company is one of a handful of privately held firms that help form the backbone of the global economy, moving everything from oil and gas to metals and power around the world....
...“We can say with reasonable confidence at this point that the era of corporation tax overperformance is coming to an end.”...
...The world’s capacity to supply China with oil, metals and agricultural goods could not match its needs. Now, however, China’s economy has changed....
...His views are significant as the oil fund is one of the largest single investors in the world, owning on average 1.5 per cent of every listed company globally and 2.5 per cent of every European equity....
...It was taken over in 2012 by Leucadia National Corporation, an oil-to-beef conglomerate, but the merged company pared back its other investments to focus solely on investment banking work....
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...Chevron has warned that its $53bn acquisition of Hess could be thwarted by rival oil groups ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...producer for $53bn could be disrupted by ExxonMobil and the China National Offshore Oil Corporation Shares of Constellation Energy jumped more than 16 per cent to a record high after the clean energy producer...
...Mexico’s previous government opened the oil sector to significant private investment for the first time in 80 years, a move vehemently opposed by nationalist López Obrador, who is from a major oil producing...
...The threat of Iran disrupting oil flows through the Strait of Hormuz, where roughly 20 per cent of the world’s seaborne oil passes through, is also unlikely given Iran also uses this channel to ship crude...
...It said that the additional oil from the US, Brazil, Guyana and Canada alone, which have seen record production levels, “could come close to meeting world oil demand growth for this year and next”....
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