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U.S. Plans New Tariffs on Food-Can Metal From China, Germany and Canada
The levies, announced in response to dumping allegations, could raise prices for canned foods, an industry group says. Source link
Texas Pipeline Firm Adds to Shale Holdings in $7.1 Billion Deal
Energy Transfer said the purchase of rival Crestwood Equity Partners would benefit its natural-gas and crude-oil businesses by adding storage and terminal assets. Source link
Vital Natural Gas Is Being Stashed in Caverns Beneath War-Torn Ukraine
Commodity merchants are pumping billions of cubic meters of natural gas into Ukrainian reservoirs, hoping the war doesn’t disrupt potential profits. Source link
Texas Sues Shell Over Massive Fire at Houston Chemical Plant
State officials allege that the multiday blaze caused ‘mass quantities’ of airborne contaminants and illegal flows of wastewater into waterways. Source link
Carl Icahn Should Be Sailing Into the Sunset. Instead, He’s Scrambling to Save His Empire.
Listen to article (2 minutes) In 2020, Carl Icahn tapped his son, Brett, to eventually take over his eponymous investment empire, whose value had surged
Big Oil’s Talent Crisis: High Salaries Are No Longer Enough
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BP Profit Declines More Steeply Than Peers'
Second-quarter earnings fell almost 70% from a year-ago bonanza. The London-based oil major boosted its dividend and continued to buy back shares. Source link
Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. Source link
Weaker Energy Prices Temper Shell's Profit, but Not Cash Payouts for Investors
The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic
Russia Defies Sanctions by Selling Oil Above Price Cap
Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year ago. Source link