Tesla Signs $4.3 Billion Battery Deal with LGES, Source Says, Reducing China Reliance
Summary LGES to provide Tesla with LFP batteries for energy storage systems from US factory -source Tesla has been looking to reduce reliance on Chinese suppliers amid tariff, policy headwinds…
Oil Pauses Rally as Markets Weigh Trump’s Ultimatum to Russia
Summary Trump cuts deadline, vows sanctions if Russia makes no progress Supply risks rise over U.S. warning to China over Russian oil China unlikely to comply with U.S. sanctions, analysts…
Oil Prices Rally on US Pressure on Russia, Trade Deal Optimism
By Brent, WTI hit highest since June 20 US to start impose tariffs and other measures on Russia ten days from today, Trump says China could face high tariffs if…
Trump’s EPA to Repeal Core of Greenhouse Gas Rules in Major Deregulatory Move
(Reuters) – The Environmental Protection Agency will rescind the long-standing finding that greenhouse gas emissions endanger human health, as well as tailpipe emission standards for vehicles, setting off what it…
Baker Hughes Bets on LNG, Data Center Demand With $13.6 Billion Chart Industries Deal
By Baker outbids Flowserve to buy Chart Baker offers $210/shr, about 22% premium Expects $325 million in annual cost synergies in third year July 29 (Reuters) – Oilfield services firm…
Utility Duke Energy to Sell Tennessee Natural Gas Business for $2.48 Billion
By July 29 (Reuters) – Duke Energy (DUK.N) said on Tuesday it would sell its Tennessee natural gas distribution business to Spire (SR.N) for $2.48 billion in cash, as the…
Foreign Oil Companies in Venezuela Await US Authorizations, Sources Say
(Reuters) – About a half dozen foreign partners of Venezuela’s state-owned oil company PDVSA are awaiting authorizations from the U.S. Treasury and State departments, following talks last week about fresh…
Baker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy
Significant step high-grades the portfolio and adds value accretive customer offerings, transforms Baker Hughes’ Industrial & Energy Technology segment Chart Industries brings differentiated capabilities across a diverse set of end…
Baker Hughes Nears $13.6 Billion Deal to Buy Chart, Edging Out Flowserve, FT Reports
Oil and gas equipment supplier Baker Hughes is nearing a $13.6 billion cash deal to buy Chart Industries, edging out rival suitor Flowserve, the Financial Times reported on Monday, citing…
Oil Climbs on EU Trade Deal, Potential US-China Tariff Truce Extension
Summary Brent crude hits highest level since July 18 on Monday US and China officials at Stockholm for trade talks Trump’s shorter deadline for Russia on Ukraine war raises oil…
