Energy industry

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HSBC updates climate policy to stop funding new oil and gas

LONDON — HSBC, Europe’s biggest bank, announced Wednesday it will no longer finance new oil and gas fields as part…

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China’s Xi visits Saudi Arabia to cement Gulf Arab ties

DUBAI, United Arab Emirates — Chinese leader Xi Jinping arrived in Saudi Arabia on Wednesday to attend meetings with oil-rich…

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Asian shares lower as strong data hit hopes for dovish Fed

BANGKOK — Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports…

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North Carolina blackouts caused by shootings could last days

CARTHAGE, N.C. — Tens of thousands of people braced Monday for days without electricity in a North Carolina county where…

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Sale jumpstarts floating, offshore wind power in US waters

PORTLAND, Ore. — Tuesday marks the first-ever U.S. auction of leases to develop commercial-scale floating wind farms, in the deep…

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OPEC keeps oil targets amid uncertainty on Russian sanctions

FRANKFURT, Germany — The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping…

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Russia rejects $60-a-barrel cap on its oil, warns of cutoffs

KYIV, Ukraine — Russian authorities rejected a price cap on the country’s oil set by Ukraine’s Western supporters and threatened…

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EXPLAINER: Can Ukraine pay for war without wrecking economy?

FRANKFURT, Germany — Even as Ukraine celebrates recent battlefield victories, its government faces a looming challenge on the financial front:…

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Asian shares gain after Fed chair signals slower rate hikes

BANGKOK — Shares advanced in Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair’s…

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Stocks waver on Wall Street ahead of speech by Fed chair

NEW YORK — Stocks are wavering in early trading on Wall Street ahead of a speech by Jerome Powell, the…

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