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...It added that investment in renewable energy “currently offers subpar returns” and that if energy prices rose strongly, there was even a risk of social unrest....
...Mainly sold to refineries in China, ESPO has consistently traded well above the $60-a-barrel price cap imposed by the G7 in December 2022....
...“Potential unlawful co-ordination appears throughout Climate Action 100+’s documents,” the attorneys-general said last year....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...Gunvor co-founder Torbjörn Törnqvist said the picture for oil was “quite” constructive and the market was better balanced than most people forecast two months ago....
...Eni will receive a 38 per cent stake in the enlarged Ithaca group, worth about £754mn based on its closing share price of 118.8p on Tuesday....
...In this “announced pledges scenario”, the 2050 crude oil price is $65, below Equinor’s assumed level....
...Share prices plummeted; companies cancelled or froze projects in the basin. Harbour Energy, one of the UK’s top producers, responded by diversifying overseas....
...The IEA forecast that growing exports from Chinese brands would lead to “downward pressure on purchase prices” in other markets over time, helping to drive adoption....
...Ithaca has been one of the most vocal critics of the windfall tax imposed on the sector by the UK government in 2022 after Russia’s invasion of Ukraine caused a surge in energy prices....
...“It doesn’t take a lot to send oil and gas prices back to $120 or higher.”...
...BYD has slashed prices of almost every model in its line-up since the start of the year under the slogan “electricity is cheaper than oil”, followed by its competitors including Geely and SAIC-GM-Wuling,...
...Energy markets have been volatile this year, amid concern about a possible escalation in Israel’s war with Hamas and confrontation with Iran, although to date increases in oil and gas prices have been relatively...
...“That points to one thing, which is we’re headed towards higher oil prices. It’s not a question of if, it’s a question of when.”...
...The surge in supply led to gluts in the region surrounding CVR’s two refineries in Coffeyville, Kansas and Wynnewood, Oklahoma, allowing the company to buy crude oil at knockdown local prices and sell refined...
...“Each incremental member has a different business impact” with the new subscription plans, Greg Peters, co-chief executive, said in a call with investors....
...Mentioned in this podcast: Tesla shareholders braced for worst results in 7 years Why oil prices remain steady even as Middle East tensions escalate Covid vaccine makers to clash in London over mRNA patent...
...Delta Air Lines last week raised the price of checking in a first bag from $30 to $35....
...But as sticker prices decrease, more drivers should still convert....
...Another factor was higher coal output, to meet global demand after Russia’s invasion of Ukraine pushed up gas prices....
...Ithaca has publicly complained about the damaging effect of the windfall tax the UK government introduced on the sector in 2022 in response to soaring oil and gas prices....
...There has been “an explosion of the supply” across holiday rental platforms including Airbnb, Abritel and Booking.com, according to Lycaon Immo co-founder Stéphane Daumillare, who says there are currently...
...BYD, which last month said it was “officially opening a new era of electricity that is lower than oil”, is discounting nearly all the electric and hybrid car models it has on the market....
...The liquefied natural gas market is booming with Europe’s natural gas import prices back to pre-energy crisis levels....
...This article has been amended since original publication to correct a share price...
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