[ad_1] NEW DELHI: Indian imports of Russian crude are likely to decline on narrowing discounts and payment problems, forcing refiners to boost supplies from other sources, a senior government official told reporters on Monday.Russia has emerged as the biggest oil supplier to India after Western nations shunned purchases from Moscow over its invasion of Ukraine … Read more
[ad_1] Two weeks into the second half of the year, we put together a quick look at the top four performers and the bottom four in Jim Cramer’s Charitable Trust, the stock portfolio we use for the Investing Club. The first full trading week of July saw Wall Street under some pressure Friday after a … Read more
[ad_1] Germany entered a technical recession on May 25, and economists have predicted that GDP growth is set to stagnate for the rest of the year, painting a gloomy picture for Europe’s largest economy. Anadolu Agency | Anadolu Agency | Getty Images With Germany already in a technical recession, economists predict that GDP growth is … Read more
[ad_1] A plane flying over Northamptonshire, England. For many, turbulence is an uncomfortable part of air travel. Joe Giddens – Pa Images | Pa Images | Getty Images Turbulence during a flight can be an uncomfortable experience for many, ranging from mild bumpiness to more serious instances of damaged airplanes and injured passengers. With millions … Read more
[ad_1] Imaginima | E+ | Getty Images Oil prices jumped following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day. On Sunday, the Organization of the Petroleum Exporting Countries and its partners (known as OPEC+) made no changes to its planned oil production cuts for the rest of the year. … Read more
[ad_1] Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud arrives for the Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on June 3, 2023. Joe Klamar | Afp | Getty Images The influential Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, on Sunday made no changes to its … Read more
[ad_1] Climate activists protest outside the Shell annual general meeting at the ExCel center in London, U.K., on Tuesday, May 23, 2023. The protests come as Shell faces a shareholder vote on a measure to increase its climate ambitions following a year of record profits at the company. Bloomberg | Bloomberg | Getty Images LONDON … Read more
[ad_1] Europe may have done a good job in reducing its dependency on Russian oil and gas and mitigating an energy crisis caused by the war in Ukraine but it’s “not out of the woods” yet, the head of the International Energy Agency (IEA) told CNBC. “Europe was able to transform its energy markets, reduce … Read more
[ad_1] Warren Buffett’s Berkshire Hathaway bought more shares of Occidental Petroleum on each of the last six trading days, boosting its stake in the Houston-based oil and gas producer to 24.4%, according to regulatory filings. The Omaha, Nebraska-based conglomerate purchased a total of of 5.6 million shares for $327.2 million over the past six sessions … Read more
[ad_1] BP, which in 2020 set out its ambition to become a net zero company “by 2050 or sooner,” has drawn sharp criticism for scaling back its emission reduction targets in the wake of record profits. Matt Cardy | Getty Images News | Getty Images LONDON — Oil major BP on Tuesday reported stronger-than-expected first-quarter … Read more