Monday, September 1, 2025
Powell announces new Fed approach to inflation that could keep rates lower for longer- oil and gas 360

Powell announces new Fed approach to inflation that could keep rates lower for longer

CNBC The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy. In a move that Chairman Jerome Powell called a “robust updating” of Fed policy, the central bank formally agreed to a policy of “average inflation targeting.” That

Oil industry shuts platforms, rigs, refineries as storm hits- oil and gas 360

Oil industry shuts platforms, rigs, refineries as storm hits

Fox Business The energy industry braced for catastrophic storm surges and winds as Hurricane Laura cut a dangerous path across the coastlines of Texas and Louisiana, making landfall early Thursday. Oil and gas producers evacuated platforms and rigs in the Gulf of Mexico and companies shut down refineries in the storm’s path. Many had already done so while preparing for Tropical Storm Marco.

Hurricane Laura poses biggest storm threat to U.S. oil output in 15 years- oil and gas 360

SW Louisiana starts post-Laura recovery: Update – refineries in the path

Argus Houston, 27 August (Argus) — Industries from Beaumont, Texas, to Lake Charles, Louisiana, are assessing damage and beginning recovery from Hurricane Laura today, the most powerful hurricane on record to hit the region. The storm came ashore near Cameron, Louisiana, about 35 miles (56km) east of the Texas-Louisiana border at 2am ET this morning as a Category 4 storm,

Siemens Gamesa confident of return to profitability but shares slide- oil and gas 360

Siemens Gamesa confident of return to profitability but shares slide

Reuters MADRID – Wind turbine maker Siemens Gamesa (SGREN.MC) said its profit margins are set to rebound after a slump exacerbated by the pandemic and its onshore unit should break even in 2022, but its short-term targets disappointed financial markets. In its first strategy presentation since Andreas Nauen took over as CEO in June, the German-Spanish company forecast on Thursday