Oil analyst warns gas prices will continue to rise amid 'very ugly' inflation, fuel shortage looming

Oil analyst warns recession currently ‘unavoidable’ The Schork Group principal Stephen Schork warns that the average price for gas ‘is going to remain high’ and notes that ‘as offshoot, food prices have to remain high.’ The Schork Group principal Stephen Schork warned on Thursday that gas prices will continue to rise amid "very ugly" inflation and that a recession is […]

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US can 'counter Russia's influence' by expanding domestic oil and gas production: American Petroleum Institute

Oil and gas industry calls for expansion of domestic production ‘to counter Russia’s influence’ Mike Sommers, the American Petroleum Institute president and CEO, says the U.S. energy industry wants ‘to make sure that we’re supplying the world with both natural gas and oil during this time of crisis.’ Mike Sommers, the American Petroleum Institute (API) president and CEO, argued on […]

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Shell promises profits from trading Russian oil will go to charity

FOX Business Flash top headlines for March 4 Here are your FOX Business Flash top headlines. Shell PLC said it would donate profits from purchases of Russian oil to efforts to alleviate the humanitarian crisis in Ukraine, after an outcry over the company’s bid for a cargo of Russian crude. The London-listed energy company said it would choose alternatives to […]

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Oil prices can ‘easily’ hit $150 a barrel amid Russia, Ukraine conflict: Energy expert

Energy expert slams Biden’s announcement to release 30M petroleum reserve barrels Power The Future executive director Daniel Turner says the amount only accounts for a day-and-a-half of U.S. oil consumption and argues that the only way to prevent higher prices and to weaken Russian President Vladimir Putin is to produce more.  Power The Future executive director Daniel Turner argued on […]

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Supreme Court to hear case that could hobble Biden’s global warming approach

FOX Business Flash top headlines for February 26 Here are your FOX Business headlines.  WASHINGTON — The scope of federal power to reduce greenhouse gas emissions comes before the Supreme Court on Monday, as a coalition of Republican-led states seeks to limit measures the Environmental Protection Agency can impose on power plants. Currently, no federal regulation directly limits such emissions […]

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The true price of anti-pipeline politics

Biden’s first mistake was canceling Keystone pipeline: Kaltbaum Fox News contributor Gary Kaltbaum says Biden is an ‘enabler’ of rising gas prices. The United States is on the verge of an energy crisis of its own making.  The price of oil recently hit a seven-year high on the back of rising geopolitical tensions in Europe and the Middle East. With […]

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DuPont To Sell Majority Of Mobility & Materials Unit To Celanese For $11 Bln Cash – Quick Facts

Chemical company DuPont De Nemours & Co. (DD) Friday announced that it has entered into a definitive agreement to divest majority of Mobility & Materials Segment to Celanese Corp. (CE) for $11.0 billion in cash. The divesting business includes the Engineering Polymers business line and select product lines within the Performance Resins and Advanced Solutions business lines. Combined, these businesses […]

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Employee engagement in tech sector hit the most by COVID-19, says report

This ongoing crisis has created a large supply-demand imbalance as companies fail to meet their talent needs Employee engagement and retention has emerged as the worst-hit aspect of organisations in the technology sector amid the COVID-19 pandemic, according to a report. The other four aspects impacted the most by the pandemic were revenue, client engagement, new clients & projects, and […]

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Global gold demand rose 10% in 2021: WGC

The December quarter witnessed a 10-quarter high, says the report Global gold demand rose 10 per cent to 4,021.3 tonnes in 2021 on account of a massive 50 per cent surge in year-on-year demand — a 10-quarter high — during the December quarter, a report by the World Gold Council (WGC) said. The overall gold demand during 2020, which was […]

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