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July 11, 2020
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U.S. Chamber urges China to accelerate purchases of U.S. goods

Reuters
Chinese and U.S. flags flutter in Shanghai, China June 3, 2020. REUTERS/Aly Song WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade......
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Asian business sentiment plunges to record low on virus effect: Thomson Reuters/INSEAD survey

Reuters
SINGAPORE (Reuters) – Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the firms polled flagging a worsening COVID-19 pandemic as the biggest risk over the next six months. FILE PHOTO: A worker wearing a protective......
Reuters - Business

Exclusive: Chesapeake Energy to file for bankruptcy as soon as this week: sources

Reuters
Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, April 17, 2012. From a single 6,000-square-foot building in 1989, the multi-building complex today contains almost one million square feet of office space and includes employee perks like on-site Botox treatments at the headquarters. Chesapeake Energy Corp. CEO......
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Exclusive: Mexico’s oil hedge to be pricier, but government likely doing it anyway

Reuters
NEW YORK/MEXICO CITY (Reuters) – Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to avoid further damaging its financial standing with international investors, sources said. FILE PHOTO: General view shows Mexican state oil firm......
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Oil prices slump 8% as virus-related demand concerns resurface

Reuters
NEW YORK (Reuters) – Oil prices tumbled about 8% a barrel on Thursday, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States. FILE PHOTO: The sun is seen behind a crude oil pump jack......
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Despite pandemic, new U.S. solar capacity will grow 33% in 2020

Reuters
FILE PHOTO: An array of solar panels is seen in the desert near Victorville, California, U.S. March 28, 2018. REUTERS/Lucy Nicholson (Reuters) – New U.S. solar installations will increase by a third this year, a report published on Thursday showed, as soaring demand by utilities for carbon-free power more than......
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Rosneft says no change to dividend policy despite lower state stake

Reuters
FILE PHOTO: The logo of Russia’s oil company Rosneft is pictured at the Rosneft Vietnam office in Ho Chi Minh City, Vietnam April 26, 2018. REUTERS/Maxim Shemetov MOSCOW (Reuters) – Russia’s largest oil producer Rosneft (ROSN.MM) said on Sunday it planned to maintain a dividend policy of paying out half......
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OPEC and allies to agree one-month extension to output cuts

Reuters
FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo BAGHDAD (Reuters) – OPEC and its allies led by Russia are “most likely” to agree on a one-month extension to an oil production cuts......
Reuters - Business

Exclusive: U.S. weighs blacklisting dozens more oil tankers over Venezuela – officials

Reuters
LONDON/NEW YORK/WASHINGTON (Reuters) – The United States is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, U.S. officials told Reuters on Friday, the latest effort to sever what Washington sees as a lifeline for President Nicolas Maduro. FILE PHOTO: Oil facilities are seen on......
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Trump gives U.S. agencies power to fast-track big infrastructure projects

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday signed an executive order that gives federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements. FILE PHOTO: U.S. President Donald Trump walks out of the Oval Office to deliver a statement on the......
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Red tape thwarts South Africa’s green energy potential

Reuters
JOHANNESBURG – World-leading renewables companies are lining up to invest in South Africa’s energy sector and help remedy a chronic generation shortfall that pushed the continent’s most advanced economy into recession even before the COVID-19 pandemic struck. Wind turbines produce renewable energy outside Caledon, South Africa, May 20, 2020. REUTERS/Mike......
Reuters - Business

BlackRock focuses on China credit, oil and travel in Asia

Reuters
The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid SINGAPORE (Reuters) – The world’s biggest asset manager, BlackRock Inc (BLK.N), called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook on......
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U.S. pipeline operator Energy Transfer warns of coming job cuts

Reuters
FILE PHOTO: Construction work continues on Sunoco’s Mariner East II natural gas pipeline near Morgantown in Chester County, Pennsylvania, August 1, 2017. REUTERS/Charles Mostoller/File Photo (Reuters) – U.S. pipeline operator Energy Transfer LP (ET.N) will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak......
Reuters - Business

Oil falls on China-U.S. tensions, energy demand doubts

Reuters
NEW YORK (Reuters) – Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol/File Photo Fuel......
Reuters - Business

Oil drops 3% on China-U.S. tensions, energy demand doubts

Reuters
NEW YORK (Reuters) – Oil prices tumbled about 3% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol/File Photo Fuel......
Reuters - Business

Exclusive: Schlumberger names new top executives to oversee corporate overhaul

Reuters
(Reuters) – Schlumberger, the world’s largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year’s historic decline in the oil industry, according to a memo to employees. FILE PHOTO – The exterior of a Schlumberger Corporation building is pictured in West Houston......
Reuters - Business

Canada recommends masks, says emergency loans have no cap but many limits

Reuters
OTTAWA (Reuters) – There will be no cap on the size of Canada’s emergency loans to large companies harmed by the coronavirus pandemic but there will be multiple restrictions, the government said on Wednesday, as it recommended wearing masks in public for the first time. FILE PHOTO: Canada’s Prime Minister......
Reuters - Business

OPEC chief says oil market responding well to record OPEC+ cut

Reuters
LONDON (Reuters) – OPEC is encouraged by a rally in oil prices and strong adherence to its latest output cut, its secretary general said, although sources say the group has not ruled out further steps to support the market. FILE PHOTO: A 3D printed oil pump jack is seen in......
Reuters - Business

Angola’s oil exploration evaporates as COVID-19 overshadows historic reforms

Reuters
LONDON/LAGOS (Reuters) – The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa’s second-largest oil producer. FILE PHOTO: Kaombo Norte floating oil platform is seen at night off the coast of......
Reuters - Business

Trump admin slaps solar, wind operators with retroactive rent bills

Reuters
(Reuters) – The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills at a time the industry is struggling with the fallout of the coronavirus outbreak, according to company officials. FILE PHOTO: A wind farm is shown......

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