Venezuela Needs to “Rewire” Fiscal System to Attract Investment, ConocoPhillips CEO Says
(Reuters) – Venezuela needs to “completely rewire” its fiscal system to attract new investment, ConocoPhillips CEO Ryan Lance said on Tuesday at the CERAWeek conference in Houston, underscoring the challenges…
China is Mapping the Ocean Floor as it Prepares for Submarine Warfare With the U.S.
(Reuters) – China is conducting a vast undersea mapping and monitoring operation across the Pacific, Indian and Arctic oceans, building detailed knowledge of marine conditions that naval experts say would…
Microsoft President Says Building Data Centres Requires Trust of US Communities
(Reuters) – Gaining the approval of local communities has become paramount to building data centers in the U.S., Microsoft President Brad Smith said on Tuesday, as towns across the country…
Valero Shuts Texas Refinery After Explosion Rocks Diesel Unit, Sources Say
Valero shuts Texas refinery after explosion rocks diesel unit, sources say Reuters Valero Energy Corp has shut its 380,000-barrel-per-day (bpd) oil refinery in Port Arthur, Texas, following an explosion and…
US to Continue Iran Strikes, Pause Applies Only to Energy Sites, Semafor Reports
March 24 (Reuters) – The United States will continue its strikes on Iran, with the pause applying only to attacks on Tehran’s energy sites, Semafor reported on Monday, citing a…
United Airlines Bets Bigger on Premium Travel as Iran War Drives Up Fuel Costs
By United plans to receive over 250 aircraft by April 2028 United focuses on premium seating with new Airbus models Premium travelers seen as resilient to fare increases CHICAGO, March…
OIL RISES as Supply Disruption Persists and Iran Denies US Talks
Summary Trump says US, Iran have ‘major points of agreement’ Iran rejects claim of contact with Washington Macquarie says Brent could hit $150 if Hormuz shut through April (Reuters) –…
CERAWeek: Mideast Situation Shows Need for Energy Diversification, Says Cheniere CEO
By Jack Fusco, President and CEO of Cheniere Energy during the CERAWeek energy conference in Houston, Texas, U.S., March 7, 2023. Get the Latest US Focused Energy News Delivered to…
Why $100 Oil Won’t Break the American Consumer: McGeever
(Reuters) – No one likes expensive oil, especially in the U.S., where driving, spending, and energy-intensive economic activity are on such a vast scale. But despite fears to the contrary,…
Oil Prices Have Not Climbed Enough to Cause Demand Destruction, US Energy Secretary Chris Wright Says
(Reuters) – Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even…
