Thursday, June 26, 2025
European Investment Bank to cease funding fossil fuel projects by end-2021- oil and gas 360

European Investment Bank to cease funding fossil fuel projects by end-2021

Reuters The European Investment Bank said on Thursday it would stop funding fossil fuel projects at the end of 2021, in a landmark decision. The bank’s new energy lending policy, which was approved with “overwhelming” support, will bar most fossil fuel projects, including traditional use of natural gas, bank vice president, Andrew McDowell told reporters in a call. “This is

Russia's Putin: Saudi Arabia taking tough stance on OPEC deal- oil and gas 360

Russia’s Putin: Saudi Arabia taking tough stance on OPEC deal

Reuters Russian President Vladimir Putin said on Thursday that Saudi Arabia was taking a tough stance on the output deal between OPEC and its allies because of Saudi Aramco’s initial public offering, but that Moscow respected Riyadh’s interests. Speaking to reporters in Brazil at a summit for BRICS countries, Putin said Moscow should continue to work with OPEC and that

Icahn says Occidental won’t hit target without ‘fire sale’-oil and gas 360

Icahn says Occidental won’t hit target without ‘fire sale’

Houston Chronicle Activist investor Carl Icahn said Occidental Petroleum Corp.’s new target for assets sales won’t be achieved without a “fire sale” that includes its pipeline system, Western Midstream Partners LP, which was already shopped to potential buyers earlier this year. Occidental’s Chief Executive Officer Vicki Hollub said Wednesday in a statement she was “highly confident” the company will exceed