France hit by new wave of strikes against Macron’s pension reform

Reform would raise retirement age to 64 Schools, transport networks, refinery deliveries hit Macron: Reform vital to ensure viability of pension system SAINT-NAZAIRE, France, Jan 31 (Reuters) – Striking workers disrupted French refinery deliveries, public transport and schools on Tuesday in a second day of nationwide protests over President Emmanuel Macron’s plan to make people … Read more

Breakingviews: Adani re-ups India’s emerging market risk

HONG KONG/MUMBAI, Jan 31 (Reuters Breakingviews) – India is making its way onto global investors’ maps. How the country’s financial authorities tackle the $65 billion selloff at Gautam Adani’s eponymous infrastructure empire following a short-selling attack may determine how soon the country establishes itself as a reliable investment destination. The World Bank expects India’s economy … Read more

Wall St Week Ahead Recession fears pose challenge to energy shares after stellar year

NEW YORK, Jan 27 (Reuters) – A potential US recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations that are seen as still comparatively cheap. The S&P 500 energy sector (.SPNY) is up 4.2% year-to-date, slightly lagging the … Read more

Two energy giants, two green projects: one double-booking in the North Sea

BP and Orsted clash over ‘Overlap Zone’ Carbon capture project vies with wind farm Conflict could undermine UK climate goals Similar disputes could loom in the North Sea LONDON, Jan 24 (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting … Read more

French workers strike nationwide, saying ‘no’ to Macron’s pension reform

Police fire tear gas on fringes of Paris protest Government wants to raise retirement age by two years to 64 Railways, schools and refineries among those hit by strike Macron’s reformist credentials at stake in dispute Polls show widespread opposition to pension reform PARIS, Jan 19 (Reuters) – French workers went on strike and joined … Read more

Exclusive: Mexico’s Pemex destroyed resources worth $342 million from two top fields

MEXICO CITY, Jan 18 (Reuters) – Mexican state oil company Pemex illegally burned off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of its most important new fields, internal documents from the country’s oil regulator showed. The three documents, produced by the regulator and dated August … Read more

Exclusive: Exxon prepares to start up $2 bln Texas oil refinery expansion

Jan 13 (Reuters) – Exxon Mobil Corp (XOM.N) in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $2 billion expansion first considered nine years ago. Initial startup of a 250,000 barrels per day (bpd) crude distillation unit (CDU) at the 369,000 … Read more