Boeing said Thursday that two of its directors are retiring, a sign of further change on the company’s board as it faces a shareholder lawsuit alleging weak overview during the 737 Max crisis. The Chicago-based aircraft maker said Arthur Collins Jr., chairman of the committee that sets executive compensation, and Susan Schwab won’t stand for […]
Day: February 18, 2021
Brent oil passes $65 with US crisis now a global supply shock
Brent oil blew past $65 a barrel as a cold blast that’s taken out almost 40% of U.S. crude production morphed into a global supply shock. Futures in London jumped as much as 1.8% at the open after closing at the highest in almost 13 months. The global crude benchmark last traded above $65 on […]
Petrol, diesel get costlier in Delhi. Check latest rates here
Petrol and diesel prices were on Thursday hiked for the tenth day in a row in the national capital even as India has urged global oil producers to ease production cuts. While the rate of petrol was increased by 34 paise, that of diesel was raised by 32 paise, according to a price notification of […]
Largest US LNG exporter cuts gas use to help frozen power grid
Cheniere Energy Inc., the largest US exporter of liquefied natural gas, said it’s temporarily cutting natural gas and electricity consumption to help the Texas power grid. The voluntary move is expected to allow billions of cubic feet of natural gas to flow to utility companies, pipelines and power providers, the company said in an emailed […]