2 days Mexican President Uses Texas Freeze To Push For Energy Independence 2 days Oil Majors Look To Exit Tunisia 2 days Buffett Proposes 10 GW In New Gas Plants For Texas 2 days Survey: Businesses Don’t Believe Energy Transition Is Viable 3 days Chinese Oil Giant CNOOC Sees Profits Plunge By 59% In 2020 3 days Biggest Oil Lobby Throws Support Behind Carbon Pricing 3 days People’s Bank of China Goes All-In On Clean Energy 3 days Ex-Glencore Oil Trader Pleads Guilty To Price Manipulation 3 days Canada Oil Industry to Shed 7,300 Jobs This Year 3 days Customers Can Now Buy Tesla With Bitcoin 3 days Gas Pipeline Explosion Cuts Venezuela Oil Production By 30,000 Bpd
2 days Mexican President Uses Texas Freeze To Push For Energy Independence 2 days Oil Majors Look To Exit Tunisia 2 days Buffett Proposes 10 GW In New Gas Plants For Texas 2 days Survey: Businesses Don’t Believe Energy Transition Is Viable 3 days Chinese Oil Giant CNOOC Sees Profits Plunge By 59% In 2020 3 days Biggest Oil Lobby Throws Support Behind Carbon Pricing 3 days People’s Bank of China Goes All-In On Clean Energy 3 days Ex-Glencore Oil Trader Pleads Guilty To Price Manipulation 3 days Canada Oil Industry to Shed 7,300 Jobs This Year 3 days Customers Can Now Buy Tesla With Bitcoin 3 days Gas Pipeline Explosion Cuts Venezuela Oil Production By 30,000 Bpd
15 hours U.S. Oil Production Still 2 Million Bpd Under Pre-Pandemic Levels 17 hours Big Oil’s Reserves Have Dropped By 25% Since 2015 21 hours Russia Raids Home Of Journalist For Investigating Prominent Oil CEO 23 hours Aramco To Sell Pipeline Stake To EIG For $12 Billion 1 day Uganda, Tanzania Seal $3.5-Bln Oil Pipeline Deal 4 days North Dakota Oil Pipeline Prevails Over Environmentalists 4 days Iran Says It Will Return To Nuclear Compliance After U.S. Lifts Oil Sanctions 4 days China Sets World Record For Deep-Sea Drilling In Disputed South China Sea 4 days Total’s $5-Billion Uganda Project Set For Imminent Go-Ahead 4 days Democrats Propose $8 Billion Bill To Clean Up Abandoned Wells
2 hours China s Refiners Are An Existential Threat To Regional Competitors 3 hours Google, Samsung, BMW And Volvo Support Ban On Deep-sea Mining 5 hours MBS: Aramco And SABIC To Lead $1.3 Trillion Investment Push 23 hours India Unlikely To Commit To Net-Zero Emissions Target 23 hours Oil Prices Under Pressure As API Reports Inventory Build 24 hours China’s Coal Power Generation Jumps As Electricity Demand Soars 1 day VW’s Secret Plan To Change To EV-Friendly Name 1 day OPEC+ Excess Oil Production Rises To 3 Million Bpd 1 day U.S. Gasoline Prices Rose For 17 Straight Weeks As Oil Rallied 2 days Iran’s Only Operational Nuclear Power Plant Risks Shutdown
Dow finishes slightly lower but near unchanged at around 31,060 (SPY +0.3%). U.S. Covid deaths reach another record as researchers find new variants in Ohio.
The Market in Perspective
Here are the headlines moving the markets.
Europes Largest Oil Producer Bets Big On Deep-Sea Mining In a shift away from fossil fuels, Norway is planning to deep dive for metals as part of its plan for a greener future. Having gained most of the countrys wealth from its successful oil industry, Norway is now looking to get ahead of the curve in metals by mining copper, zinc and other metals found on the seabed. The deep-sea mining project, expected to commence in late 2023, will see metals mined for use in electric vehicle batteries, wind turbines and solar farms. However, environmentalists worry that disturbing the seabed