Oil and gas producers in the Gulf Coast, Midcontinent and Rockies regions...
Oil and gas producers in the Gulf Coast, Midcontinent and Rockies regions are uniquely positioned to leverage their existing infrastructure and drilling expertise for geothermal energy development. This opportunity arises from favorable geothermal gradients, robust power demand and established transmission networks, offering a route to diversify revenue and decarbonize operations.
Williams Cos. revives $2B in gas pipeline projects
Williams Cos. has revived two natural gas pipeline projects from Pennsylvania...
Williams Cos. has revived two natural gas pipeline projects from Pennsylvania to New Jersey and New York, totaling $2 billion, after recent discussions between the Trump administration and New York Gov. Kathy Hochul. The Northeast Supply Enhancement Project and the Constitution Pipeline were previously canceled due to permitting issues.
President Trump said he spoke to Chinese President Xi Jinping—the first...
President Trump said he spoke to Chinese President Xi Jinping—the first time since Trump’s inauguration in January—for about 90 minutes yesterday, and agreed to meet in the near future for trade talks. According to Trump, the two addressed the issue of rare earth metals, which China stopped exporting in April in response to Trump’s tariffs, though Beijing’s readout of the phone call did not mention rare earths. Trump said the call focused on trade and did not delve into matters concerning Iran, Ukraine, or Russia. A day before the call, Trump posted on social media that he liked Xi but that the Chinese leader was “EXTREMELY HARD TO MAKE A DEAL WITH!!!”
Procter & Gamble is cutting 15% of its non-manufacturing...
Procter & Gamble is cutting 15% of its non-manufacturing workforce. The company that makes half the products at your local CVS or Walgreens announced it’s eliminating 7,000 roles as part of a restructuring. P&G said the cuts aren’t a cost-cutting measure, though earlier this year the company admitted it was considering cutting costs after it reported a decline in sales and lowered its annual outlook due to consumer uncertainty. As part of the restructuring, P&G reportedly plans to exit some product categories.
The European Central Bank cut interest rates for the eighth time in the last year as the eurozone attempts to recover from the fallout of the US’ trade war.
Kleenex parent company Kimberly-Clark is spinning off the tissue brand outside the US in a $3 billion deal with a Brazilian manufacturer.
NBA team sponsorship revenue increased 8% this season to $1.62 billion, thanks to the growing use of jersey patches.
Hooters abruptly closed more than 30 locations, calling it a “difficult decision” three months after filing for bankruptcy.
TSA is researching haptic technology that would allow security agents to pat down passengers in virtual reality without physically touching them, 404 Media reported.
Oil settles up as US, China teams to meet following Trump, Xi trade call
(Reuters) - Oil prices settled higher on Thursday, recovering from the...
(Reuters) - Oil prices settled higher on Thursday, recovering from the previous day's drop, on news that the U.S. and China agreed to more trade talks following a phone call between U.S. President Donald Trump and Chinese leader Xi Jinping.
Brent crude futures settled up 48 cents, or 0.7%, at $65.34 a barrel. U.S. West Texas Intermediate crude settled up 52 cents, or 0.8%, at $63.37 a barrel.
"If we step back from the brink of a major trade war, it will increase demand expectations for oil both in the U.S. and in China," said Phil Flynn, senior analyst with Price Futures Group.
Trump said on social media his call with Xi focused primarily on trade and led to "a very positive conclusion." He announced further lower-level U.S.-China discussions.
"We're in very good shape with China and the trade deal," he told reporters later.
