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SVB’s tech failings were a problem long before the bank run that led to its demise, critics say

13.03.2023

Nikolas Kokovlis | Nurphoto | Getty Images Silicon Valley Bank’s historic meltdown last week was largely attributed to deteriorating business conditions in the firm’s concentrated customer base and an ill-timed …

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Energy

Saudi oil giant Aramco posts record $161 billion profit for 2022

12.03.2023

The Aramco logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Saudi Arabia’s state-controlled oil giant Aramco on Sunday reported a record net income of …

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Energy

U.S. won’t reach a new record in oil production ‘ever again,’ says Pioneer Natural Resources CEO

09.03.2023

While oil production in the U.S. will continue its return towards pre-Covid levels, limits on refining capacity and inventory mean it will not grow as much as some hope, according …

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Energy

‘Our phones are ringing off the hook’: Amid a global downturn, the finance world is chasing Middle Eastern money

09.03.2023

A man dressed in a thawb walks past Dassault Falcon executive jets, Dubai, United Arab Emirates Leonid Faerberg | Sopa Images | Lightrocket | Getty Images The organizers of the …

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Energy

These 5 dividend-paying Club stocks are expected to grow earnings double-digits this year

08.03.2023

Wells Fargo (WFC) and Halliburton (HAL) headline a group of five dividend-paying Club stocks that are expected to post robust earnings growth this year. The bank and oilfield services firm …

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Energy

Oil CEOs are doubling down on buybacks as Biden budget seeks to quadruple tax

08.03.2023

Occidental (long known as Occidental Petroleum) was the No. 1-performing stock in S&P 500 last year, but it didn’t get there by way of massive growth in oil and gas …

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Energy

China’s energy transition sees ‘staggering’ progress on renewables — and a coal power boom

08.03.2023

China is recognized as the undisputable global leader in renewable energy expansion. Future Publishing | Future Publishing | Getty Images China is making rapid progress in scaling up clean energy, …

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Energy

A new nuclear reactor in the U.S. starts up. It’s the first in nearly seven years

08.03.2023

Vogtle nuclear reactor 3 Source: Georgia Power For the first time in almost seven years, a new nuclear reactor has started up in the United States. On Monday, Georgia Power …

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Energy

‘Let’s bring France to a halt’: Oil refineries blocked and trains halted by pension reform protests

07.03.2023

Protestors, including students, chant as they march through the streets of Paris, as thousands take to the streets across France and strike in protest at the French Government’s proposal to …

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