Oil rebounded on Thursday as investors bet that revived demand from China would outweigh swelling US stockpiles. West Texas Intermediate finished a volatile session up 1.1% to $80.33 a barrel. Prices seesawed throughout the day, falling as much as 1.7% early in the day and later rising as much as 2.1% from Wednesday. The fluctuations
By Johnna Crider Posted on January 19, 2023 Twitter updated its developer rules to ban third-party clients on Thursday following the recent blocking of several apps’ access to the platform this week. Some of the apps, such as Tweetbot, which provides a subscriber-only ad-free Twitter experience, would compete with the platform’s subscription service, Twitter Blue. This
The Home Depot is going to install 13 megawatts of rooftop solar on 25 of its stores. The Home Depot’s rooftop solar Solar company DSD Renewables is working with the DIY giant to install rooftop solar on the stores, which are all in California. The solar roof installations will directly power the company’s store locations within the portfolio.
DAVOS, Switzerland – Jan. 19, 2023: Keir Starmer, leader of the Labour Party, during a CNBC panel session on day three of the World Economic Forum (WEF). Stefan Wermuth/Bloomberg via Getty Images U.K. opposition Labour Party leader Keir Starmer on Thursday hit out at Prime Minister Rishi Sunak for opting not to attend the World
A Twitter account operated by the Russian Embassy in Sweden on Wednesday posted an image of Europe which identifies Crimea—shown at the lower right—as part of Ukraine. Twitter / Russian Embassy, SWE / Forum Mapping HU. A Twitter account operated by the Russian Embassy in Sweden posted a map identifying Crimea as part of Ukraine.
The IEA’s Birol said that prior to Russia’s full-scale invasion of Ukraine on Feb. 24 last year, “Russia was the number one energy exporter to the world.” Natalia Kolesnikova | Afp | Getty Images International Energy Agency (IEA) Executive Director Fatih Birol believes Russia will lose its energy war with the West, saying China and
Oil fell for the first time in almost two weeks as disappointing US economic data ignited fears of a recession and sparked a sell-off across Wall Street. West Texas Intermediate reversed course after hitting the highest intraday price since early December, falling almost 1%. Demand data out of China boosted oil prices at the start
By Johnna Crider Posted on January 18, 2023 Twitter auctioned off many of its memorabilia, office supplies, furniture, and more this week. The auction ended on Wednesday morning and included its large bird logo statue that sold for $100,000. When Elon Musk bought the platform for $44 billion, he later pointed out that the company
Pressuring oil companies through higher taxes is counterproductive at a time when global crude demand is set to outstrip supply, the CEO of Saudi Aramco, the world’s largest and most profitable energy company, said during the World Economic Forum in Davos, Switzerland. Asked by CNBC’s Hadley Gamble if a windfall tax on oil profits is
In this article UL Follow your favorite stocksCREATE FREE ACCOUNT Unilever CEO Alan Jope photographed at the World Economic Forum in May 2022. Hollie Adams | Bloomberg | Getty Images The CEO of consumer goods giant Unilever said Tuesday that prices would likely continue to rise in the near term, adding that his firm had a playbook
Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani speaks during a joint press conference with his French counterpart in Doha on March 28, 2022. Mustafa Abumunes | Afp | Getty Images Qatari Foreign Minister Mohammed bin Abdulrahman Al Thani on Tuesday appeared to correct a controversial statement his fellow minister made over the
Southeast Asian natural gas and clean energy company, Coro Energy, has posted a lower revenues in the fourth quarter 2022, compared to the previous three months. The company’s Italian natural gas assets, produced a total of 1.37 million Scm of natural gas, up on the 1.18 million Scm of natural gas produced in the previous
By Eric Ralph Posted on January 17, 2023 SpaceX may be focused on preparing Starship S24 and Super Heavy Booster 7 for their potentially imminent orbital launch debut, but the rest of the company’s Starship factory isn’t just sitting around. The laser focus on carefully testing Ship 24 and Booster 7 may have limited the
Electric power is flexing its muscles again as the world’s largest electric ferry – capable of carrying 2,100 passengers and their vehicles – is set for delivery in two years. World’s largest electric ferry set to sail Incat Tasmania, an Australian manufacturer of high-speed craft (HSC) ferries, is ready to deliver the 148-meter (485.5 feet)
Hungary’s foreign minister strongly criticized the European Union’s sanctions against Russia, arguing they have damaged its members’ economies more than their target’s as well as failing to stop the war in Ukraine. “If we make an assessment, an analysis, about the impact of sanctions, it’s obvious that they have not fulfilled expectations,” Péter Szijjártó told
Spanish Prime Minister Pedro Sanchez. Anadolu Agency | Anadolu Agency | Getty Images DAVOS, Switzerland — Spanish Prime Minister Pedro Sanchez told CNBC Monday that the European Union has something to learn from Washington and its new policies to fight inflation, saying he hopes that a trade war between the two sides can be avoided.
Oil fell for the first time in eight sessions as traders took stock of the outlook for worldwide demand, with China’s reopening delivering a lift while other parts of the global economy slow. West Texas Intermediate fell below $79 a barrel after rallying more than 8% last week. China ditched Covid-19 curbs in late 2022
By Eric Ralph Posted on January 16, 2023 CEO Elon Musk says that SpaceX’s South Texas Starship aims to build up to five of the two-stage megarockets in 2023. SpaceX’s Boca Chica, Texas hardware endeavors began in an empty field in late 2018, kicking off Starhopper testing in 2019. In late 2019 and early 2020,
On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfunctioning turbine. Hannibal Hanschke | Reuters The European Union’s rejection of Russian energy commodities following Moscow’s invasion of Ukraine won’t last forever, Qatar’s Energy Minister said during an
A new study of Exxon Mobil Corp.’s own climate projections offers fresh evidence that the oil giant’s models accurately forecast global warming even as it publicly sowed doubt about the climate crisis. A review of climate projections made by Exxon for the years 1977 through 2003 found that the company anticipated warming of roughly 0.20°C
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