by mujair | Aug 10, 2020 | Business & Finance News
Such issues apparently did not factor into Delta’s thinking when the airline paid $150 million for the struggling Trainer refinery, which ConocoPhillips had idled six months earlier, citing pressure from imports, weak demand and regulatory costs. The refinery, which...
by mujair | Aug 10, 2020 | Business & Finance News
Here’s what you need to know: A Saudi Aramco offshore oil platform in 2018. The giant oil company will continue paying a large dividend despite sharply lower profits.Credit…Mohamed Alebn Alshaikh/Saudi Aramco, via Agence France-Presse — Getty Images Saudi...
by mujair | Aug 9, 2020 | Business & Finance News
Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imposed to curb the coronavirus pandemic drastically cut the demand for oil and slammed prices. Despite the...
by mujair | Jul 29, 2020 | Business & Finance News
HOUSTON — Joseph R. Biden Jr. won over environmentalists and liberals when he announced a $2 trillion plan to promote electric vehicles, energy efficiency and other policies intended to address climate change. But the plan released on July 14 has also earned a measure...
by mujair | Jul 21, 2020 | Business & Finance News
HOUSTON — In the first big deal since oil prices crashed four months ago, Chevron agreed on Monday to buy Noble Energy for roughly $5 billion in what many experts consider the beginning of a sweeping consolidation in the U.S. oil industry. The coronavirus pandemic has...
