Georgia runoff: Georgia residents have had to endure more weeks of political ads than...
Georgia runoff: Georgia residents have had to endure more weeks of political ads than the rest of us, but that’ll end on Tuesday when a runoff election is held between Democratic Sen. Raphael Warnock and Republican Herschel Walker. If Warnock holds, he’ll give the Democrats 51 seats in the Senate.
World Cup: Round of 16 matches will continue through tomorrow until the final eight teams are determined and the quarterfinals kick off Friday. Time to figure out who you’re going to root for now that the US isn’t in it anymore.
SCOTUS takes on consequential cases: Today, the Supreme Court will hear a case about a Colorado web designer who refused to provide services to a same-sex couple on religious grounds. Then on Wednesday, the court will hear a pivotal case concerning the power state lawmakers have in elections.
Attack leads to power outages in North Carolina. Tens of thousands of people in NC...
Attack leads to power outages in North Carolina. Tens of thousands of people in NC lost power this weekend due to an “intentional” attack on the grid, officials said. Two electrical substations were damaged by gunfire, causing 95% of Duke Energy customers in Moore County to be left without power. County officials declared a curfew overnight on Sunday, telling residents to avoid going out in the below-freezing, extremely dark streets.
Russian oil selling at $79/barrel in Asia on Monday, well above price cap
By: Reuters - Russia's ESPO oil blend from the Far Eastern port of Kozmino was selling for around $79 a barrel in Asian markets on Monday - almost a third higher than the price cap imposed on Russian oil by the G7 and European Union - according to Refinitiv data and estimates from industry sources.
Russia exports up to 65 million tons of ESPO Blend oil per year via the Eastern Siberia-Pacific Ocean (ESPO) pipeline, including up to 35 million tons through the port of Kozmino.
Exxon Mobil Corp is raising the annual base salaries of its top boss and other executives for next year, the largest U.S. oil company said on Monday.
Exxon Mobil's compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1.88 million from $1.70 million this year, according to a filing.
Kathryn Mikells, who became the company's chief financial officer in August last year, will receive a base pay of $1.22 million in 2023.
The company also raised the salaries of its senior vice presidents, effective Jan. 1, 2023.
Base salaries, however, represent less than 10% of total pay, with stock awards and bonuses making up a bigger share of what Exxon's executives pocket every year.
The Houston-based oil major paid Woods a total compensation of $23.6 million in 2021 and $15.6 million in 2020.
The pay hikes come barely a month after the oil major posted record quarterly profits as sanctions on Russia sent crude and gas prices soaring to dizzying heights this year.
(Bloomberg) -The short supply of labor in the US oil patch has plagued exploration and production companies...
(Bloomberg) -The short supply of labor in the US oil patch has plagued exploration and production companies all year, and the tightness continues.
While the sector’s unemployment rate jumped to 3.1% in November from 0.8% in the prior month on an unadjusted basis, it’s still well below the long-term average, according to a Labor Department report released Friday. A year ago, the jobless rate was 8.6% as many workers were sidelined due to the pandemic stalling output amid very weak oil demand.
Oil companies routinely cite their inability to find enough workers to drill new wells. The number of workers employed in US oil and gas jobs totaled 135,700 in November,climbing modestly for a third straight month, but still down from this year’s peak in July.
