REPI: OIL

Honda will start producing a new hydrogen fuel cell system co-developed with GM

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it would start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and increase gradually its sales this decade, into an offer to develop its hydrogen activity. Honda will target annual sales of around 2,000 units of …

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Gautam Adani loses Asia’s richest crown as stock rout worsens to $84bn

BENGALURU, Feb 1 (Reuters) – Indian tycoon Gautam Adani lost his title as Asia’s richest person on Wednesday as the rout of his conglomerate’s biggest companies worsened to $84 billion following a a report on short sellers. A Hindenburg Research report last week alleged the group’s misuse of offshore tax havens and stock manipulation, as …

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Oil settles mixed after hitting 7-week high on bright outlook for China

Brent and US crude at highest since early December The G7 wants two price caps for Russian petroleum products Indian crude imports hit 5-month high in December NEW YORK, Jan 23 (Reuters) – Oil prices stabilized on Monday, falling as investors enjoyed a jump to a seven-week high on optimism about a possible recovery in …

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Wall Street surges, propelled by the technological rebound

Baker Hughes stumbles upon missing fourth-quarter earnings estimates Activist investor Elliott Management takes stake in Salesforce Tokens on track for biggest daily gain since November Indices up: Dow 0.98%, S&P 1.41%, Nasdaq 2.09%, NEW YORK, Jan 23 (Reuters) – Wall Street surged on Monday, led by tech stocks as investors embarked on an earnings-heavy week …

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UK’s National Grid will pay people to use less energy during the cold snap

LONDON, Jan 23 (Reuters) – Britain’s National Grid (NG.L) said it would pay customers to use less electricity on Monday night and had asked for three coal-fired generators to be warmed up in case they are needed. the country is facing a cold snap. The group said it would activate a new program called Demand …

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Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, bringing in trainers from abroad and considering ideas such as buying roofs and electrical repair shops just to hire their workers as companies try to overcome a labor shortage that threatens to derail President Joe Biden’s climate change agenda. The Cut …

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Oil Lower on China Uncertainty; US demand limits drop

Oil slides for second consecutive session More countries are considering travel restrictions for Chinese visitors Falling dollar and escalating war in Ukraine support oil markets U.S. Gasoline Inventories Fall, Crude Inventories Rise Last Week -EIA Keystone pipeline restarts, oil prices remain unchanged after settlement NEW YORK, Dec 29 (Reuters) – Oil prices fell for a …

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Storm cuts oil, gas and power generation in the United States, pushing prices up

Dec 23 (Reuters) – Bitter cold and gusty winds on Friday knocked out power and shut down power generation across the United States, sending heating and electricity prices soaring as people braced for the parties. Winter Storm Elliott brought sub-freezing temperatures and severe weather warnings to about two-thirds of the United States, with cold and …

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Oil begins to slide again as weak economy outweighs supply risks

Brent, WTI reverse gains, slide resumption Oil has fallen for four out of five weeks in recent weeks Keystone pipeline closed, Russia threatens to cut production SINGAPORE/LONDON, Dec 12 (Reuters) – Oil prices fell on Monday, deepening a weeks-long decline, as a weakening global economy offsets supply problems stemming from the closure of a key …

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