News Formal

FOSSIL FUELS REBOUND: Energy companies cash in on oil and coal market recoveries

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 84%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

In April 2020, oil prices collapsed into negative territory as the ‘Great Lockdown’ brought the global economy shuddering to a halt. A spate of recent trading updates and financial results on the JSE underscores the scale of the subsequent fossil fuel ...

August 4, 2022

Energy companies cash in on oil and coal market recoveries by Ed Stoddard, Daily Maverick August 4, 2022 Glencore on Thursday unveiled sizzling half-year earnings boosted by its exposure to energy markets, while Sasol said in a trading update that oil prices were a key factor behind its expectation that its annual earnings would rise by as much as 56%.

This article first appeared on Daily Maverick and is republished here under a Creative Commons license.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Africa: As Fuel Prices Rise, Companies Look to Energy Efficient SolutionsWith fossil fuel prices reaching record highs, companies around the world are focusing on energy efficiency to save money and reduce the emissions driving the climate crisis.
Source: allafrica - 🏆 1. / 99 Read more »

Nigeria: UN Slams Oil Companies' 'Immoral' Profits, Urges Govts to Tax MoreOil and gas firms are cashing out on Russia's invasion of Ukraine, as people around the world pay more for energy. PremiumTimesng The UN, the Capitalists Mafia-like Commission, declaring capitalists making profit is 'immoral'.
Source: allafrica - 🏆 1. / 99 Read more »

Market data — August 2 2022Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

Market data — August 3 2022Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »