Cruise company Carnival Corp. has endured a challenging return to normalcy following the challenges posed by the coronavirus pandemic. The company posted its latest adjusted quarterly earnings on Friday, exhibiting a $1.99 billion loss.
This loss is highly attributed to the cruise line's efforts to re-equip itself with the necessary...
The Abu Dhabi-based Mubadala Investment Co. is considering becoming part of an investment group with an interest in Saudi Aramco’s oil pipelines—a deal that is expected to be funded by a loan of approximately $10.5 billion. One spokesperson for Mubadala confirmed that the sovereign wealth fund is currently in...
Oil prices continued to rise following news of another large decline in the volume of US crude inventories. The American Petroleum Institute reported a decline of 6.53 million barrels in crude stockpiles last week.
Following this news, West Texas Intermediate futures rose by approximately 2% to $89 per barrel. Aside...
Dominion Energy confirmed on Monday that it has abandoned its sale of its natural gas pipeline to a unit of Berkshire Hathaway due to uncertainty over whether or not antitrust regulators would approve it. The Warren Buffet-led Berkshire planned to acquire Dominion's Questar Pipelines for $1.3 billion in cash...
Oil futures surged to a new high for 2023 after inventory levels at the largest U.S. storage hub plummeted toward operational minimums. West Texas Intermediate surged by over 3% to reach a new height of $93.68 per barrel on Wednesday before advancing to $94.43 on Thursday.
Brent international futures were...
Hong Kong Health Secretary Sophia Chan announced on Wednesday that the city plans to ease coronavirus restrictions from February 18th onwards. This will see the reopening of sports and entertainment facilities as well as the extension of dining hours in restaurants.
While catering businesses will be permitted to remain open...
The National Union of Metalworkers of South Africa (NUMSA) launched a strike last week in an effort to seek pay rises. According to industry and union officials, the strike, with no definite end date, threatens to bottleneck the supply of auto parts that are critical to the production of...
American investment giant JPMorgan Chase & Co announced on Thursday its intention to contribute up to $2.5 trillion over the next decade to companies and projects investing in climate change and social justice initiatives. During an official statement, the company declared that $1 trillion of this investment package would go...
European Union member states are racing to reach an agreement on a plan to cap natural gas prices in time to deal with the cold winter months. After months of discussions, the bloc has been unable to reach an agreement.
In an effort to reach a consensus, energy ministers descended...
With the demand for travel experiencing a drastic rise in recent times, Delta Air Lines confirmed recently that it expects to remain profitable for the remainder of the fiscal year. Furthermore, the Atlanta, Georgia-based airline revealed that it has exceeded estimates in its latest quarterly earnings. "The days of...