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9:32 p.m. Feb. 21, 2021 - MarketWatch
Sasold adjusted Ebitda falls in line with forecastSasol Ltd. on Monday reported a 6.2% fall in adjusted Ebitda for the first half of fiscal 2021, the middle of the range forecast last month. The South Africa-based petrochemical and energy company said adjusted earnings before interest, taxes, depreciation and amortization for the six months ended Dec.
9:27 p.m. Jan. 28, 2021 - MarketWatch
Sasol expects first-half earnings to rise sharplySasol Ltd. on Friday forecast earnings per share to soar in the first half of fiscal 2021, as it said it expects to book large noncash adjustments, although core earnings are likely be hit by lower oil prices and sales volumes.
1:09 a.m. Oct. 14, 2020 - MarketWatch
IEA warns of faltering recovery due to COVID-19LONDON--The oil market is burning through the supply glut that threatened to cripple the global energy industry a few months ago, but spiralling coronavirus infection numbers puts that recovery in jeopardy, the International Energy Agency said Wednesday.
12:13 p.m. Oct. 10, 2020 - Associated Press
Hurricane Delta adds insult to injury in storm-ravaged Louisiana Delta hit as a Category 2 hurricane with top winds of 100 mph before rapidly weakening over land on SaturdayThe day after Hurricane Delta blew through besieged southern Louisiana, residents started the routine again: dodging overturned cars on the roads, trudging through knee-deep water to flooded homes with ruined floors and no power, and pledging to rebuild after the storm.
10:43 p.m. Sept. 29, 2020 - MarketWatch
Royal Dutch Shell to cut up to 9,000 jobsRoyal Dutch Shell PLC said Wednesday that it expects to cut between 7,000 and 9,000 jobs by the end of 2022, as the company said it expects to book charges of between $1.0 billion and $1.5 billion in the third quarter.
11:04 a.m. Sept. 24, 2020 - By Myra P. Saefong
Oil prices end higher, buoyed by signs of tighter supplies Natural-gas futures tally a 2-session gain of nearly 23%Oil futures finish higher on Thursday, supported by signs of tighter U.S. supplies, despite persistent concerns that rising cases of COVID-19 will lead to weaker energy demand.
12:32 p.m. Sept. 21, 2020 - By Myra P. Saefong
Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff WTI oil futures fall over 4%; natural-gas prices lose over 10%Oil futures drop Monday, sending U.S. prices down by more than 4%, on expectations Libyan crude will soon return to the market, while worries over a rise in European COVID-19 cases and a global equity market selloff added to the negative tone.
12:28 p.m. Sept. 19, 2020 - By Kimberly Wood
The intense 2020 Atlantic hurricane season used up all the storm names for only the second time since 1950 Now at least two more storms formed — known as Alpha and BetaHere’s how active this year’s Atlantic hurricane season has been: When Tropical Storm Wilfred formed on Sept. 18, the National Hurricane Center exhausted its list of storm names for only the second time since naming began in 1950.
10:55 a.m. Sept. 16, 2020 - By Myra P. Saefong
Oil prices rally as U.S. crude supplies post a weekly decline and Hurricane Sally curtails production WTI oil futures up by nearly 5% to settle back above $40 a barrelOil futures rally on Wednesday, with U.S. prices ending above $40 a barrel after U.S. government data showed an unexpectedly large weekly drop in crude inventories and Hurricane Sally production curtailments in the Gulf of Mexico worsened.
11:17 a.m. Sept. 15, 2020 - By Myra P. Saefong
Oil prices finish higher as Hurricane Sally disrupts Gulf of Mexico energy production Gulf oil output shut ins at nearly 27% Tuesday: reportOil futures get a lift as Hurricane Sally nears landfall, forcing the shutdown of more than a quarter of offshore Gulf of Mexico crude production and a number of refineries, but rising worries over the outlook for demand serve to limit the upside for prices.
6:26 a.m. Sept. 15, 2020 - By Greg Robb
U.S. industrial output cools in August after strong gain earlier in summer Industrial output up 0.4%, after strong gains of 3.5% in July and 6.1% in JuneU.S. industrial output rose 0.4% in August and most manufacturing industry growth has gradually slowed since strong gains earlier in the summer, the Federal Reserve said Tuesday.
11:43 a.m. Aug. 31, 2020 - By Myra P. Saefong
Oil futures end lower for the session; U.S. prices up a fourth month Natural-gas futures post 46% monthly gainOil futures finish with a loss on Monday, though with signs of a recovery in energy demand contributing to a fourth straight monthly gain for U.S. prices.
11:18 a.m. Aug. 27, 2020 - By Myra P. Saefong
U.S. oil prices suffer first loss in 4 sessions as traders bet on quick output recovery from Gulf storm Natural-gas futures log highest finish since NovemberOil futures decline Thursday, putting an end to a three-session streak of gains in U.S. prices, as traders bet on a quick post-hurricane recovery for the energy market in the Gulf of Mexico region.
11:26 a.m. Aug. 25, 2020 - By Myra P. Saefong
U.S. oil and gasoline futures tally highest finish since March as storms force output cuts in U.S. Gulf Coast Laura is expected to reach the U.S. Gulf Coast as a major hurricane later this weekOil and gasoline futures settle Tuesday at their highest since early March as a pair of tropical storms forced the shutdown of more than 80% of offshore crude-oil production in the Gulf of Mexico and prompted refinery cuts.
9:20 a.m. Aug. 5, 2020 - By Rachel Koning Beals
What if heat waves were named like hurricanes? New push draws mega insurers, Athens and Miami mayors, Red Cross and dozens more stakeholders Extreme Heat Resilience Alliance formed now because by mid-century heat waves are expected to affect more than 3.5 billion people globally Global mayors, insurance executives, scientists, forest restorers, the Red Cross and even more stakeholders are declaring “code red,” saying they can no longer wait to prepare for extreme heat as 30% of the world already copes with deadly heat waves lasting 20 days or longer.
12:59 p.m. July 27, 2020 - By Rachel Koning Beals
This unappreciated climate-change risk lurks in many portfolios according to BlackRock In one chart: Within a decade, much of the world will lie in regions of high water stressWater stress — when demand for H20 exceeds supply — is an underappreciated investing risk that cuts across regions, asset classes and sectors, the world’s largest fund firm BlackRock warns.
11:15 a.m. June 30, 2020 - By Rachel Koning Beals
Preserving some drilling, Pelosi and climate panel push Congress to get nation to net-zero emissions by 2050 Republican climate-change answer has focused on carbon capture and technologyDemocrats on the House Special Committee on Climate are pushing Congress to set a national goal of net-zero emissions by 2050. It’s an agenda, they argue, that is necessary to slow the man-made consequences of a warming planet and it’s largely in step with presumptive Democratic presidential nominee Joe Biden’s pledge.
11:08 a.m. June 12, 2020 - By Myra P. Saefong
Why natural-gas prices haven’t yet bottomed despite this year’s 20% drop U.S. supplies in storage stand 36% above a year ago: EIA dataNatural-gas prices trade 20% lower this year, and analysts say they haven’t hit bottom yet, despite the early start to the Atlantic hurricane season, expected high demand for the summer season, and signs that the U.S. economy is recovering from the Covid-19 pandemic.
11:21 a.m. June 3, 2020 - By Myra P. Saefong
Oil prices finish at highest in 3 months, as traders await next move for OPEC+, digest U.S. supply data Uncertainty surrounds the timing of the OPEC+ meeting and the group’s decision on outputOil futures Wednesday close higher, extending a move around the highest level since early March, as uncertainty over whether a meeting of crude producers will be held this week or next raised doubts about a willingness to substantially extend global production cuts that taper after June.
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