Enron’s executives became household names. Here’s where they are now

The sudden collapse of Enron, which culminated in what was then the largest bankruptcy filing in US history on December 2, 2001, changed the lives of thousands, damaged investor confidence to the core and made household names out of previously unknown businessmen. Many have been dragged before congressional committees and reprimanded in seemingly endless hearings. … Read more

Oil supply in focus amid omicron Covid variant fears

Oil rigs work on rigs in Gaoyu Lake in Gaoyou in east China’s Jiangsu Province on Friday, September 17, 2021. Barcroft Media | Getty Images OPEC and non-OPEC oil producers, an influential group known as OPEC+, meet on Thursday to decide on the next phase of production policy. The Energy Alliance will hold a video … Read more

Twenty years after epic bankruptcy, Enron leaves a complex legacy

A logo lights up in front of the new corporate headquarters of Houston-based energy trading company Enron on November 29, 2001 in Houston, Texas. James Nielsen | Getty Images The Enron bankruptcy on December 2, 2001, led to an epic scandal, nearly two dozen criminal convictions, and sweeping government reforms. Enron has become a perennial … Read more

Oil output policy in focus as omicron rattles markets

A picture of the OPEC logo prior to an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters A group of some of the world’s most powerful oil producers are meeting on Wednesday to discuss the potential impact of the new omicron Covid variable … Read more

Exxon forecasts doubling earnings and cash flow by 2027 while reducing emissions

Exxon Mobil Corp’s logo appears at the Rio Oil and Gas Exhibition and Conference in Rio de Janeiro, Brazil, September 24, 2018. Sergio Moraes | Reuters ExxonMobil on Wednesday outlined a corporate spending plan that it said would double profits and cash flow by 2027 from 2019 levels, while also reducing emissions. The plan comes … Read more

Oil prices could soar to $150 in a fully reopened world: Jefferies

Oil prices could move “significantly above” current levels due to the deep world’s dependence on fossil fuels and could reach $150, says Christopher Wood of Jefferies. “In a world that’s really reopened — which is a big thing — the price of oil could go up exponentially,” Wood, the investment bank’s global head of equity … Read more

Renewable power installations set for record year: IEA

Wind turbines and solar panels in Kayseri, Turkey. Timeswork | E + | Getty Images The world is set to add nearly 290 gigawatts of renewable energy this year, according to the International Energy Agency, with the Paris-based organization expecting “2021 to set an all-time record for new facilities.” The International Energy Agency’s Renewable Energy … Read more

There’s a ‘great battery race’ ahead says Goldman Sachs. These stocks will win

battery storage market "Ready in prime time" According to Goldman Sachs, with the explosive growth that companies in various sectors are enjoying, they are expected to benefit. .

Biden ready to release more oil reserves to cool price: Amos Hochstein

A truck passes pumping water at the Bellridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images News | Getty Images The administration of President Joe Biden is ready to release more barrels of oil from its strategic reserves if the need arises again, according to the State Department’s top … Read more

Jefferies announces its top India stock picks

A pedestrian talks on a mobile phone as he looks at stock prices in a digital broadcast outside the Bombay Stock Exchange (BSE) in Mumbai on November 10, 2020. PUNIT PARANJPE | AFP via Getty Images Analysts at Jefferies recently predicted top stock names to buy in India — and one of them is likely … Read more