Hints and tips:
...Venezuelans were once again left to foot the bill for the country’s destructive political conflict....
...One thing to start: If you have been following Bill Ackman’s activist campaign against the leadership of Ivy League universities, you may enjoy this quiz from our friends over at FT Alphaville....
...It also names ConocoPhillips, Chevron and the American Petroleum Institute as defendants....
...As Martin Wolf pointed out recently, they should be seen as quasi-utilities: We get pretty upset if all the electricity got cut off because our electric utility failed to manage perfectly obvious risks....
...This month, the ACP even announced that it had hired Frank Macchiarola from his role as a champion of fossil fuel deregulation at the American Petroleum Institute....
...The mood in many developing countries, however, was more anxious, reports Martin Wolf....
...Kevin Wolf, an expert on export controls at Akin Gump, said the US persons provision was the “most significant and expansive” element of the broad package of measures announced....
...In March, Biden ordered the release of 180mn barrels of oil from the Strategic Petroleum Reserve following Russia’s invasion of Ukraine, which led to a surge in energy prices and a scramble for supplies....
...Venezuela frees US oil executive Gustavo Cárdenas, an oil manager who worked for the US-based, Venezuelan-owned oil company Citgo Petroleum Corp was freed yesterday following talks between the Maduro government...
...Influential investor Bill Gross told the FT that the Federal Reserve’s plan for rate rises would “crack the US economy”....
...America’s big natural gas and petroleum pipeline projects are on shaky ground....
...Two things to start: Carl Icahn has dropped his stake in Occidental Petroleum, while two other shale producers merged....
...Teneo, the highflying corporate advisory firm founded by former associates of Bill and Hillary Clinton, has been dragged into arbitration after having worked for both sides in the takeover battle for Anadarko...
...It’s reminiscent of Buffett’s deal with Occidental Petroleum last year when Berkshire provided the energy group’s boss Vicki Hollub with a $10bn loan to buy rival Anadarko Petroleum without needing a shareholder...
...DD’s James Fontanella-Khan takes us through how a mega-deal at Occidental Petroleum took a turn for the worse in this M&A tale....
...Lining up residential customers has been harder, in part because their monthly bills do not reflect electricity costs that fluctuate from hour to hour....
...What else we’re reading The future of the Bill & Melinda Gates Foundation Their 27-year marriage may be “irretrievably broken”, but Bill and Melinda Gates face questions over the future direction, scale...
...The family had something extra to celebrate that year: Mr Vadell had recently been promoted to the post of vice-president of refining at Citgo Petroleum Corp, a US-based, Venezuelan-owned oil company....
...The plan also puts the US in the vanguard of a global energy transition many hope will sunset the petroleum era....
...Martin Wolf has a must read piece on the uneven economic and social impacts of the pandemic and subsequent recovery....
...The companies being purged by the pension include: Imperial Oil, Canadian Natural Resources, MEG Energy Corp., Athabasca Oil Corporation, Cenovus Energy, and Japan Petroleum Exploration....
...Key reports Monday Occidental Petroleum Corp; Royal Caribbean Cruises Ltd Tuesday Home Depot; HSBC; Intuit; Occidental Petroleum; InterContinental Hotels Wednesday Booking; Lowe’s Companies; Royal...
...Occidental Petroleum, the largest independent oil producer in the US, which made a name for itself by beating out much larger rival Chevron in the race to take over Anadarko Petroleum for $55bn, has also...
...(FT) Why Inflation could be on the way back Are we about to move into a new era of unexpectedly high inflation rather than the below-target inflation we are used to, Martin Wolf asks....
...It allowed him to put part of Berkshire’s mammoth cash pile to work, which at the time was primarily invested in short-term Treasury bills....
International Edition