Paraphrasing a famous “presenter”, he quickly dropped. Coal suffered a historic drop in use last year. Buyers paid producers up to $ 37 a barrel of crude oil in April. The price of plastics has dropped about half in the past four years. The fossil fuel economy, which functioned happily …
Read More »Exxon Mobil unveiled an 8K Thursday. What was not in the presentation could be worrying.
Text size Scott Olson / Getty Images Exxon Mobil provided an update on its second-quarter outlook on Thursday, and could mean a second-quarter earnings release for the oil giant, according to Cowen & Company. In its latest 8K presentation, Exxon (ticker: XOM) detailed the continuing headwinds against the Covid-19 pandemic …
Read More »PG&E Stock is going up to start its first day of bankruptcy
Text size Justin Sullivan / Getty Images Pacific Gas and Electric shares opened higher on the first day of trading for the California utility company after emerging from bankruptcy. PG&E (ticker: PCG) requested the Chapter 11 reorganization in January 2019 after it was discovered that their team caused some of …
Read More »Fire at Iran’s nuclear site hit new centrifuge facility
A fire and explosion hit a building above Natanz’s underground nuclear enrichment facility in Iran early Thursday, a site that US analysts identified as a new centrifuge production plant. Iran’s Atomic Energy Organization tried to minimize the fire, calling it an “incident” that only affected one “industrial shed” under construction, …
Read More »India “will never compromise” its strategic interests, says minister
India will not compromise its strategic interest, a cabinet minister said on Wednesday, even as New Delhi and Beijing seek to calm tensions after last month’s border clash in the Himalayas. A “violent confrontation” in the Galwan Valley in Ladakh left 20 Indian soldiers dead. While India said both sides …
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