2 hours WoodMac: Asia Needs To Invest More In Gas To Lower Emissions 3 hours Venezuela Imports First Diesel Cargo In Six Months 5 hours China Increases Oversight On Crude Import Of Oil Majors 6 hours Senators Propose Pro-Nuclear Tax Amendment 21 hours Activist Investor Wins Exxon Board Seats In Day Of Reckoning For Big Oil 23 hours Norway s Oil Industry Boosts Investment Despite IEA Report 24 hours Dutch Court Orders Shell To Slash Emissions In Historic Climate Case 1 day Iran Bans Crypto Mining During Hot Summer Months 1 day Nissan May Build Huge Battery Plant In The UK 1 day Ford Confirms That 4 Out Of 10 Cars It Sells In 2030 Will Be Electric
9 hours Large Inventory Draws Boost Crude Prices 9 hours Aramco Reports 30% Jump In Q1 Net Profit 11 hours Mining Giant BHP Warns Against Chile s Mining Tax 13 hours APICORP: Energy Investment In MENA Set To Top $800 Billion By 2025 14 hours Venezuela’s Oil Exports Hover Around 700,000 Bpd 1 day Iraq May Buy Exxon’s Stake In Major Iraqi Oilfield 1 day Iran Aims To Raise Oil Exports To 2.5 Million Bpd Once U.S. Sanctions Are Lifted 1 day India’s COVID Crisis Hits LNG Demand 1 day Venezuela Releases Citgo Oil Executives From Jail To House Arrest 2 days 18% Of EV Drivers In California Switched Back To Gasoline Cars
Stocks panic-bid off EU close after Biden-induced breakdown (SPY +0.6%). Amazon has made as much profit during pandemic as previous three years of earnings in total.
The Market in Perspective
Here are the headlines moving the markets.
Chinas Shale Industry Faces Numerous Challenges China has bet on developing its vast shale gas resources to boost its natural gas supply as demand surges. Despite recent shale production surprises to the upside, China still has several major challenges to overcome if it were to replicate, at least partially, the American shale boom. China is estimated to have a lot of shale gas resources, even higher than those in the United States. China actually has the highest technically recoverable shale gas resources in the world, as per EIA estimates. However, Beijing has struggled to develop those huge