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March 21, 2023

Texas adds HSBC to blacklist of banks boycotting oil and gas- oil and gas 360

Texas adds HSBC to blacklist of banks boycotting oil and gas

March 21, 2023

Oil Price Texas has added HSBC to its list of companies that boycott the oil and gas industry, which could ban Texas government entities from investing in Europe’s largest bank and its funds and other products. HSBC ended up on Texas’ list after the bank recently updated its energy policy, Texas Comptroller Glenn Hegar said this week. As part of

Huge Phillips 66 biofuels project will test the industry’s green promises- oil and gas 360

Huge Phillips 66 biofuels project will test the industry’s green promises

March 21, 2023

Yahoo Finance RODEO, California – In the oldest refining town in the American West, Phillips 66 is promising a greener future as it moves to halt crude-oil processing and build a massive renewable diesel plant, leading a global trend. That plan, announced in 2020, was initially welcomed by residents weary from a history of pollution and toxic leaks. But some

Oil prices near $75 as Russia extends output cut through June

March 21, 2023

Oil Price Russia will continue its 500,000 barrel per day crude oil production cut through the end of June this year, Russia’s Deputy Prime Minister Alexander Novak said on Tuesday.     Russia first announced the 500,000 bpd production cut in February after Novak warned that there was a risk of lower oil production this year due to EU import

Diversified Energy reports record production, proved-developed-producing (PDP) reserves and fifth straight year of 50% cash margins- oil and gas 360

Diversified Energy reports record production, proved-developed-producing (PDP) reserves and fifth straight year of 50% cash margins

March 21, 2023

Oil and Gas 360 BIRMINGHAM, AL / ACCESSWIRE / March 21, 2023 / Diversified Energy Company PLC (LSE:DEC) (“Diversified,” “DEC” or the “Company”) is pleased to announce its Final Results for the year ended 31 December 2022 and other recent highlights. Diversified has published to the Company’s website its annual report and accounts for the year ended 31 December 2022 (the

Oil rises for second day as banking fears ease for now- oil and gas 360

Oil rises for second day as banking fears ease for now

March 21, 2023

CNBC Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse eased worries about global banking sector risks that could hit economic growth and fuel demand. After jitters initially on Monday the mood across financial markets has lifted in the wake of UBS’ takeover of Credit Suisse and after

Scotiabank says Suncor Energy’s challenges will need time to fix even with new CEO- oil and gas 360

Scotiabank says Suncor Energy’s challenges will need time to fix even with new CEO

March 21, 2023

BOE Report Scotiabank downgrades Canada’s Suncor Energy Inc to “sector perform” from “sector outperform.”   Brokerage says new CEO Rich Kruger will have a fresh approach to some of SU’s operational issues over the past few years but “there is still plenty of work to do.” Highlights challenges like safety, minimizing downtime, reducing operating costs and replacing production at aging mines. SU

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