Author: Charles Kennedy
-
Oil Prices Rebound on Weaker U.S. Dollar
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Mar 11, 2025, 11:30 AM CDT Oil prices rebounded and gained 1.6% early on Tuesday amid weakening U.S. dollar, following the broad market selloff on Monday triggered by fears of a recession in the United States. As of 9:56 a.m. ET,…
-
India’s Clean Energy IPOs Plummet as Valuations Sink
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Mar 11, 2025, 3:30 AM CDT Initial public offerings of companies active in transition industries in India have fallen steeply as valuations decline, Bloomberg has reported, citing only two listings for transition companies since the start of the year. One of…
-
Biden’s Methane Rule Is Dead
Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Mar 02, 2025, 4:00 PM CST The U.S. Senate voted 52-47 to repeal the methane fee for oil and gas producers. Major oil companies previously supported the rule since they could afford compliance, but smaller producers opposed it due…
-
Power Outage Hits Chile Copper Mines
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 26, 2025, 1:24 AM CST A massive power outage in Chile has hit copper production in the world’s biggest exporter as it plunged the capital city of Santiago into darkness, prompting the declaration of a state of emergency. The outage…
-
Rubio Says U.S. Could Ease Sanctions Only If Russia Noticeably Changes Behavior
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 21, 2025, 9:30 AM CST The United States will not lift any sanctions on Russia unless Moscow noticeably changes its behavior, U.S. Secretary of State Marco Rubio told European leaders in a call after the U.S.-Russia meeting in Riyadh. European…
-
Brazil’s Government Divided on Nuclear Plant 40 Years Under Construction
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 18, 2025, 9:30 AM CST The government of Brazil is debating whether the country should complete the construction of a nuclear power plant that has been under construction for 40 years, and is divided on the issue, Reuters reported on…
-
Diamondback Boosts Midland Basin Presence With $4-Billion Acquisition
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 18, 2025, 8:30 AM CST Diamondback Energy, Inc. (NASDAQ: FANG) on Tuesday announced a deal to buy Double Eagle IV Midco in an acquisition valued at about $4 billion, which gives the buyer increased presence in the Midland Basin in…
-
Drone Attack in Southern Russia Disrupts Kazakhstan’s Oil Flows
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 17, 2025, 10:00 AM CST A drone attack on a major pumping station of a pipeline in southern Russia on Monday disrupted crude oil flows from Kazakhstan, the operator of the pipeline said. The Caspian Pipeline Consortium (CPC) operates a…
-
India’s Top Power Firm to Invest $62 Billion in Nuclear Capacity
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 17, 2025, 9:00 AM CST NTPC, the state power firm and largest electricity producer in India plans to invest over the next two decades $62 billion in building 30 gigawatts (GW) of nuclear generation capacity, sources with direct knowledge of…
-
India to Hike Oil and LNG Imports From the U.S. to Avoid Trump’s Tariffs
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Feb 14, 2025, 9:30 AM CST India, which has a massive trade surplus with the United States, will aim to buy more American oil and LNG to reduce the surplus and avoid potential tariffs from President Donald Trump. India is likely…