Putin Says Russia Can Redirect Energy Exports Away from the West
Russia can easily redirect exports of its vast energy resources away from the West to countries that...
Russia can easily redirect exports of its vast energy resources away from the West to countries that really need them while increasing domestic consumption of oil, gas, and coal, President Vladimir Putin said on April 13.
The U.S., Canada, Britain, and Australia have imposed bans on Russian oil imports in response to what Moscow calls a special military operation in Ukraine, while the EU remains divided on the issue.
“When it comes to Russian oil, gas, and coal, we will be able to increase their consumption on the domestic market, stimulate the deep processing of raw materials,” Putin said at a televised meeting with officials to discuss the development of the Russian Arctic.
Carnelian Energy Closes Fourth Fund at $975 Million Upsized Hard Cap
Carnelian Energy Capital Management LP closed its oversubscribed and upsized fourth...
Carnelian Energy Capital Management LP closed its oversubscribed and upsized fourth fund, Carnelian Energy Capital IV LP, with $975 million of capital commitments.
Houston-based Carnelian is an energy investment firm managing a family of private equity funds focused on investments across the North American energy sector.
Founded in 2015, Carnelian Energy Capital has approximately $2.8 billion of cumulative capital commitments, according to the release.
Elon Musk wants to buy Twitter in a deal valuing the social-media company at more than $43 billion
Shares of Twitter Inc. soared Thursday, after the social-media platform’s largest...
Shares of Twitter Inc. soared Thursday, after the social-media platform’s largest shareholder, Elon Musk, disclosed a bid to buy the remainder of the San Francisco–based company’s stock that he doesn’t already own so he can transform it into the world’s “platform for free speech.”
Musk, the “techno king” of Tesla Inc. and founder of SpaceX, also indicated that if his “best and final” bid isn’t accepted, he might sell off his stake.
Oil futures lost ground early Thursday, pulling back from two-week highs as investors...
Oil futures lost ground early Thursday, pulling back from two-week highs as investors assessed the supply outlook.
West Texas Intermediate crude for May delivery was down $1.21, or 1.2%, at $103.04 a barrel on the New York Mercantile Exchange.
June Brent crudefell $1.42, or 1.3%, to $107.36 on ICE Futures Europe. Both Brent and WTI ended at their highest since March 30 on Wednesday, based on front-month contracts.
Volumes were expected to be subdued at the end of a holiday-shortened week, with most markets set to be closed on Good Friday.
Unprecedented Helium Shortage Could Send Prices Sky-High
Worth 100x more than natural gas, the shale boom has taken on a new angle for exploration and production,...
Worth 100x more than natural gas, the shale boom has taken on a new angle for exploration and production, with the critical level of helium supplies igniting a land rush that could determine the future of innovation itself.
The bulk of the world’s helium reserves are found in natural gas fields, which means that these fields now have double the potential–and double the interest from a national security perspective.
Supply is now at a critical level, and the Russian war on Ukraine is compounding the supply crunch, stripping us of more global helium resources as the natural gas it is extracted with is hurriedly shipped off to Europe to stave off a crisis without stripping and liquifying the helium.
