Sunday, May 31, 2026
Action on climate change can provide a shot in the arm for the global economy, economist says- oil and gas 360

Action on climate change can provide a shot in the arm for the global economy, economist says

CNBC Ramping up investment in policies and technologies to tackle climate change could play a significant role in the global economy’s recovery from the coronavirus pandemic. In a recent note, Charles Dumas, chief economist at U.K.-based investment research firm TS Lombard, said that action on climate change is often criticized as moving too slowly. However, with governments increasing spending to

Pioneer Natural Resources warns of $832 mln derivatives loss- oil and gas 360

Pioneer Natural Resources warns of $832 mln derivatives loss

Nasdaq Independent shale producer Pioneer Natural Resources PXD.N on Tuesday warned it would be hit by an $832 million second-quarter loss on oil and gas derivatives.   Many producers locked in sales when oil prices rose above $40 a barrel last year, but are now facing losses after crude prices jumped above $60 a barrel during the quarter Clc1. For the first