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Exxon's $60 billion bet on fossil fuels proves we're failing at the energy transition

Sat, 10/14/2023 - 04:51

Tech Insider

exxon — ExxonMobil plans to acquire a major shale producer for $60 billion, entrenching its future in oil and gas for decades.
REUTERS/Jessica Rinaldi

Sustainability, exxon-mobil, pioneer-natural-resources, Oil, Gas, Climate, Analysis

CHART OF THE DAY: US oil production hits record high amid rising geopolitical tensions

Fri, 10/13/2023 - 09:30

Tech Insider

oil production — YCharts

Markets, mi-exclusive, chart-of-the-day, Oil, crude-oil, Commodities, Markets

Oil prices at $100 a barrel look too high for global demand to sustain

Thu, 10/12/2023 - 12:57

Tech Insider

Gas pump — (Photo by FREDERIC J. BROWN/AFP via Getty Images)

Markets, mi-exclusive, Oil, gas-consumption, IEA, oil-market, israel-hamas

The crisis in the Middle East could fuel a flare-up in inflation and hasten an economic slump for the US

Tue, 10/10/2023 - 04:59

Tech Insider : Economy, Economy

People try to extinguish a fire in Ashkelon, Israel following Hamas launching a series of surprise attacks October 7. — People try to extinguish a fire in Ashkelon, Israel, after Hamas launched a series of surprise attacks on October 7.
Ahmad Gharabli/AFP via Getty Images

economy, Markets, economy, Markets, Commodities, Oil, crude-oil

Here's why oil prices have seen wild swings lately, clouding the outlook for inflation

Mon, 10/09/2023 - 12:17

Tech Insider

Oil refinery — (Photo by Janos Kummer/Getty Images)

Markets, mi-exclusive, Oil, oil-prices, oil-production, Israel, Inflation

Defense stocks jump as war rages between Israel and Hamas

Mon, 10/09/2023 - 12:04

Tech Insider

Rockets are fired by Palestinian militants from Gaza into Israel. — Rockets are fired by Palestinian militants from Gaza into Israel.
Mohammed Salem/REUTERS

Markets, mi-exclusive, stock-mover, defense-stocks, military-equipment, Israel, hamas

Israel's currency tumbles to 7-year low, prompting its central bank to sell $30 billion in foreign reserves

Mon, 10/09/2023 - 09:38

Tech Insider

Israeli soldiers work to secure residential areas following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 7, 2023. — Israeli soldiers work to secure residential areas following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 7, 2023.
REUTERS/Ammar Awad

Markets, mi-exclusive, Currency, Israel, hamas, palestine, War

Hamas' strike on Israel will force the market to 'beg' Saudi Arabia to pump out more oil, famed crude trader says

Mon, 10/09/2023 - 07:07

Tech Insider

Palestinians react as an Israeli military vehicle burns after it was hit by Palestinian gunmen who infiltrated areas of southern Israel, at the Israeli side of Israel-Gaza border. — An Israeli military vehicle burns after being hit by Palestinian gunmen who infiltrated southern Israel.
Mohammed Fayq Abu Mostafa/REUTERS

Markets, mi-exclusive, Markets, Commodities, Israel, hamas, palestine

Oil prices shoot up and US stocks decline as Hamas' attack on Israel rattles markets

Mon, 10/09/2023 - 05:06

Tech Insider

Israeli forces, dispatched to the border with Gaza in southern Israel, scan the area near Ashdod on October 8, 2023 as the battle against holdout Hamas fighters continues — Israeli forces, dispatched to the border with Gaza in southern Israel, scan the area near Ashdod on October 8, 2023 as the battle against holdout Hamas fighters continues
Gil Cohen-Magen/AFP via Getty Images

Markets, mi-exclusive, Markets, Stocks, Commodities, Oil, oil-price

Oil prices drop 6% as worries mount over demand destruction

Wed, 10/04/2023 - 15:29

Tech Insider : Economy

oil drilling — Andrew Burton/Getty Images

Markets, mi-exclusive, Oil, oil-prices, crude-oil, Commodities, economy

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