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Oil producers will fight for market share as consumption growth slows: Kemp LONDON (Reuters) - Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries. FILE PHOTO: ...
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Behind Oil's Rise Is a Historic Drop in US Crude Output U.S. crude supply is falling at its quickest pace ever, easing a global oil glut and spurring a swift recovery in fuel prices. Yet oil's push back above $40 a barrel as drivers return to roads isn't enough for beleaguered shale producers, which until recently were ...
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The Next Energy Battle: Renewables vs. Natural Gas Dominion Energy, one of the nation's largest utilities, in late June erected wind turbines off the Virginia coast — only the second such installation in the United States — as part of a big bet on renewable energy. The company is also planning to build new ...
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US Stocks Rise, Following Surge in Chinese Markets U.S. stocks jumped Monday following the holiday weekend, lifted by shares of everything from medical technology companies to banks. The Dow Jones Industrial Average climbed 395 points, or 1.5%, to 26222. The S&P 500 added 1.6% and the Nasdaq ...
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Nokia, Hurt by Costly 5G Chip Mistake, Struggles to Catch Huawei In the global race for 5G supremacy, Nokia Corp. bet big on the wrong computer chip. The Finnish giant invested in a costly processor to power the hardware it has been selling to wireless carriers, who are now building out 5G networks around the world.
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Down to handful of active rigs, Canada's oil and gas drillers face permanent contraction WINNIPEG, Manitoba (Reuters) - Canada's drilling rig count, a bellwether of the oil and gas industry's growth, has plummeted far below previous records, raising risks that much of the country's equipment will permanently fall out of service. FILE PHOTO: Craig ...
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'Debit cards can build credit,' plus other bad advice this debt expert wants you to ignore Not all advice is good advice. And when it comes to advice on how to better manage your finances, there are a lot of common misconceptions floating around that experts are eager to discredit. CNBC Select asked Leslie Tayne, a debt-relief attorney and ...
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Stock market live today: Dow up 400 points, reopening trades rise, big deals boost sentiment This is a live blog. Please check back for updates. 9:40 am: Nasdaq Composite hits all-time intraday high. The Nasdaq Composite hit a fresh all-time intraday high on Monday at the open, its 26th all-time high of 2020. The technology-heavy index is now on ...
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Lululemon Steps in the Home Gym Market Lululemon makes a splash in the home gym market by acquiring a fitness startup with a unique product. Daniel B. Kline. (TMFDankline). Jul 6, 2020 at 1:16PM. Author Bio. Daniel B. Kline is an accomplished writer and editor who has worked for Microsoft on ...
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Lloyds Bank boss Horta-Osório to step down after a decade at the helm (Reuters) - Lloyds Bank (LLOY.L) Chief Executive António Horta-Osório said on Monday he would step down next year after a decade at the helm, leaving Britain's biggest domestic bank to find a successor to steer it through the coronavirus fallout.
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