Article content (Bloomberg) — Canada’s relatively cheap heavy crude is set to spike temporarily in the coming months as a massive new export pipeline starts operations just as oil-sands companies curtail production. Western Canadian Select’s discount to US benchmark West Texas Intermediate may shrink from its current level of about $17.10 per barrel to […]
Breadcrumb Trail Links PMN Business Data center operators are shifting computing power to locations where the cleanest electrons are, in an effort to reduce tech’s carbon footprint. Author of the article: Bloomberg News Naureen S Malik Published Feb 25, 2024 • 5 minute read Join the conversation hjwwu1aawf{6g3tu]7bw5{q7_media_dl_1.png Source: Dominion Energy Article content (Bloomberg) — […]
Breadcrumb Trail Links PMN Business Giorgia Meloni’s government is in preliminary talks with domestic, Ukrainian and Indian investors for a potential bid to rescue Italy’s biggest steelmaker. Author of the article: Bloomberg News Alberto Brambilla Published Feb 23, 2024 • 2 minute read Join the conversation Chimneys of Acciaierie d’Italia steel plant, formerly known as […]
Breadcrumb Trail Links PMN Business French Finance Minister Bruno Le Maire slammed the European Union for making only sluggish progress in bolstering capital markets, raising tensions over a project officials say is crucial to avoid prolonged economic weakness. Author of the article: Bloomberg News William Horobin and Jorge Valero Published Feb 23, 2024 • 3 […]
Breadcrumb Trail Links PMN Business The United Arab Emirates and Egypt agreed on a deal to develop premium land on the North African nation’s Mediterranean coast, with Abu Dhabi wealth fund ADQ saying it will lead a consortium that plans to invest $35 billion. Author of the article: Bloomberg News Mirette Magdy and Abdel Latif […]
Article content (Bloomberg) — Colombia’s state energy company, Ecopetrol SA, has determined that a natural gas deposit in the Caribbean Sea that officials were counting on to shore up the nation’s dwindling reserves is significantly smaller than initially estimated. Officials said Thursday that they are now reevaluating the discovery, named Orca-1. In the processes of […]
Article content (Bloomberg) — Former SunPower Corp. chief executive officer Tom Werner has returned to the company as executive chair, just days after the struggling solar installer received a much-needed financial boost from its biggest shareholders. Werner spent almost 18 years at the company and took up his new duties Monday, according to a […]
Article content (Bloomberg) — Guyana President Irfaan Ali called for the “immediate” development of its gas resources to make the South American country a regional energy powerhouse on top of its rapidly-growing oil exports. The government is requesting that companies propose strategies to produce more gas, Ali said at the Guyana Energy Conference & Supply […]
Breadcrumb Trail Links PMN Business Trading activity in fuels is surging the most in years as a listless crude market pushes investors to seek money-making opportunities in more niche products. Author of the article: Bloomberg News Alex Longley and Devika Krishna Kumar Published Feb 18, 2024 • 3 minute read Join the conversation ntn{pfa)2iz0tldxo(qhy1xy_media_dl_1.png ICE […]
Breadcrumb Trail Links PMN Business As if the commercial real estate market weren’t in enough trouble already, there’s a new risk lurking in property portfolios. Author of the article: Bloomberg News Frances Schwartzkopff Published Feb 18, 2024 • 3 minute read Join the conversation Office windows sit illuminated in Germany. Photographer: Bloomberg Creative Photos/Bloomberg Bloomberg […]