DIRS.INFO The most relevant business & tech news

☆ Presidential advisor Amos Hochstein weighs in on the state of U.S. oil production
▼ + stars: | 2022-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresidential advisor Amos Hochstein weighs in on the state of U.S. oil productionAmos Hochstein, a senior advisor for energy security at the State Department, joins CNBC's 'Squawk Box' to discuss the state of U.S. oil production as the Biden administration embarks on the final leg of its 180-million barrel SPR drawdown.

☆ White House weighs future release of emergency heating, crude oil reserves as winter nears
▼ + stars: | 2022-11-30 | by ( Kayla Tausche | ) www.cnbc.com time to read: +3 min

An aerial of the Strategic Petroleum Reserve storage at the Bryan Mound site seen on October 19, 2022 in Freeport, Texas. The Biden administration is considering tapping additional reserves of heating and crude oil as winter nears and uncertainty over market prices worsens, according to four people familiar with the matter. But with a 54% jump in heating oil prices in the last year, any hiccup in supply could mean a headache for consumers. The White House could face additional pressure from a Republican-led House of Representatives to replenish the Strategic Petroleum Reserve when the new Congress begins its session in January. In June, the leading Republicans on the House Energy & Commerce Committee suggested the Strategic Petroleum Reserve's falling level was becoming a national security risk.

☆ Presidential advisor Amos Hochstein: The U.S. can still manage any energy emergency with SPR
▼ + stars: | 2022-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresidential advisor Amos Hochstein: The U.S. can still manage any energy emergency with SPRAmos Hochstein, special presidential coordinator for President Joe Biden, joins CNBC's 'Squawk Box' to discuss energy prices as Saudi Arabia denies talks of an oil output hike.

☆ UAE and U.S. reach deal for $100 billion in clean energy projects
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

ABU DHABI, Nov 1 (Reuters) - The United States and United Arab Emirates have reached an agreement to spend $100 billion on clean energy projects with a goal of adding 100 gigawatts globally by 2035, U.S. Secretary of State Antony Blinken said on Tuesday. The two governments signed a memorandum of understanding in Abu Dhabi setting out the framework of the deal, Blinken said in a statement. "This memorandum of understanding is an important step forward in our joint efforts to accelerate our collective movement toward clean energy," Blinken said. Under the initiative, the UAE, an OPEC oil producer, and the United States would provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries. The statement said the partnership would "assemble and stimulate" private and public sector funding and support for clean energy innovation, carbon and methane management, advanced reactors including small modular reactors, and industrial and transport decarbonisation.

☆ UAE and U.S. to spur $100 bln in clean energy projects - WAM
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

ABU DHABI, Nov 1 (Reuters) - The United Arab Emirates and the United States have signed a partnership to spur $100 billion of investments in clean energy projects and add 100 gigawatts of clean energy globally by 2035, state news agency WAM reported on Tuesday. "Together, we will spur large-scale investment in new energy technologies, in our own countries, around the world and in emerging economies," U.S. energy envoy Amos Hochstein said a statement carried on WAM. The statement said the partnership would "assemble and stimulate" private and public sector funding and support for clean energy innovation, carbon and methane management, advanced reactors including small modular reactors, and industrial and transport decarbonisation. Under the initiative, the UAE, an OPEC oil producer, and the United States would provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries. Reporting by Ahmed Tolba; Writing by Lina Najem and Ghaida Ghantous; Editing by Louise Heavens and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ 'We're not against profits,' White House presidential coordinator says after Biden's tax threats on energy companies
▼ + stars: | 2022-11-01 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

The president on Monday tweeted: "The oil industry has a choice. But reports of animosity between the White House and America's energy giants are overhyped, says Amos Hochstein, Biden's special presidential coordinator, who liaises closely with energy industry leaders domestically and around the world. Record-breaking oil company profitsSeveral major oil companies have raked in record profits this year as consumers grappled with soaring gas and energy bills. Many in the oil industry argue that a windfall tax is counterproductive and would harm production and investment. We need more investment in oil production and refining, now."

"We are only a phone call away if the requirements are there," he said. OPEC+ faced one of its biggest clashes with the West after it agreed oil production cuts in October, a decision the U.S. administration called shortsighted. OPEC+ producers rallied around top oil exporter Saudi Arabia after the United States accused it of pushing members into the cut. Saudi Arabia and the UAE, two of the world's biggest oil producers, are boosting output and refining, and working on clean hydrogen, Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday. The UAE is releasing its first revision of its energy plan in 2023, which will increase its green targets, Mazrouei said.

☆ Watch CNBC's full interview with U.S. Presidential Coordinator Amos Hochstein
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with U.S. Presidential Coordinator Amos HochsteinAmos Hochstein, special presidential coordinator to President Joe Biden, speaks to CNBC's Hadley Gamble at the Abu Dhabi International Petroleum Exhibition Conference about U.S.-Saudi relations following OPEC+ production cuts. "Cutting production has the end net-effect of helping what Russia is doing," Amos said.

☆ Oil is all Putin has left, Amos Hochstein says
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil is all Putin has left, Amos Hochstein saysAmos Hochstein, special presidential coordinator for President Joe Biden, says OPEC's production cut has the "end net effect" of helping Russia.

☆ Presidential advisor Amos Hochstein: 'We're not against' oil majors making profit
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresidential advisor Amos Hochstein: 'We're not against' oil majors making profitAmos Hochstein, special presidential coordinator for President Joe Biden, says the U.S. is not against oil majors making profit. "Take those profits and invest them," he told CNBC.

☆ Oil is all that Putin has left, U.S. presidential advisor Amos Hochstein says
▼ + stars: | 2022-10-31 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

Oil is all Russia's economy has left following its invasion of Ukraine earlier this year, according to Amos Hochstein, special presidential coordinator for President Joe Biden. "Oil is the only thing they have left in that economy … Putin has destroyed the rest of the economy," Hochstein told CNBC's Hadley Gamble Monday. "All he's got left is the stuff that comes out of the ground. He won't sell his gas to Europe anymore, so all he has is oil, so that's what funds this war." The Russian economy shrunk by 4% year-on-year over the second quarter, and the Central Bank of Russia expects the downturn to deepen in the quarters ahead.

☆ Israel, Lebanon finalise maritime demarcation deal without mutual recognition
▼ + stars: | 2022-10-27 | by ( ) www.cnbc.com time to read: +1 min

Israeli and Lebanese leaders finalised a U.S-brokered maritime demarcation on Thursday, bringing a measure of accommodation between the enemy states as they eye offshore energy exploration. Leaders from Lebanon, Israel and the United States have all hailed the deal as "historic" but the possibility of a wider diplomatic breakthrough remains slim. Prime Minister Yair Lapid signed separately in Jerusalem, saying the deal was a "tremendous achievement" that had produced Lebanon's de facto recognition of Israel. But Aoun later said the deal was purely "technical" and would have "no political dimensions or impacts that contradict Lebanon's foreign policy". Lower-level delegations from each country headed to the United Nations' peacekeeping base at Naqoura along their contested land border, which has yet to be delineated.

☆ Lebanon signs maritime border deal, Israel expected to follow suit
▼ + stars: | 2022-10-27 | by ( Maya Gebeily | ) www.reuters.com time to read: +1 min

BAABDA/JERUSALEM, Oct 27 (Reuters) - Lebanese President Michel Aoun on Thursday signed a letter approving a landmark U.S-brokered agreement laying out the country’s maritime boundary with Israel, Lebanon's top negotiator told reporters. Israel was set to follow suit in approving the deal, which marks a diplomatic departure from decades of hostility, later in the day. Hailed by all three parties as a historic achievement, the deal will be signed separately in Jerusalem by Israeli Prime Minister Yair Lapid following his cabinet's approval. "If one side violates the deal, both sides lose," Hochstein told reporters. An offshore energy discovery - while not enough on its own to resolve Lebanon's deep economic problems - would be a major boon, providing badly needed hard currency and possibly one day easing crippling blackouts.

The plan is intended to add enough supply to prevent oil price spikes that could hurt consumers and businesses, while also assuring the nation's drillers the government will swoop into the market as a buyer if prices plunge too low. Earlier this year, Biden decided to sell 180 million barrels out of the Strategic Petroleum Reserve (SPR) to combat a potential supply crisis brought about by sanctions on oil-rich Russia following its February invasion of Ukraine. Those will be put up for bidding for delivery in December, a senior administration official said, and extra oil could also be made available if needed. They have called on the administration to take the option off the table, a move officials are unwilling to do. "We are keeping all tools on the table, you know, anything that could potentially help ensure stable domestic supply," the official said.

☆ The White House will replenish SPR with a set price floor of around $70, says Amos Hochstein
▼ + stars: | 2022-10-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe White House will replenish SPR with a set price floor of around $70, says Amos HochsteinAmos Hochstein, a senior advisor for energy security at the State Department, joins 'Squawk Box' to discuss Biden's decision to release more oil from the strategic petroleum reserve

☆ Biden to continue SPR releases as needed - U.S. energy adviser
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Oct 19 (Reuters) - The U.S. government will continue taking steps to release additional output from the Strategic Petroleum Reserve as needed and then replenish the reserve, a senior U.S. energy adviser said on Wednesday. President Joe Biden has been clear that he will continue to work to bring down prices for American consumers after a spike in energy prices from Russia's invasion of Ukraine, adviser Amos Hochstein said in an interview with CNN. Biden is due to make remarks on gas prices on Wednesday, including announcing another selloff from the nation's emergency oil reserve. Register now for FREE unlimited access to Reuters.com Register"The president's going to keep a careful eye on announcing today that whatever we're doing today could continue and see additional SPR releases - if necessary," Hochstein said. "The president's also going to be announcing that we are going to replenish the SPR," he said.

☆ U.S. envoy in Lebanon next week with maritime deal to sign
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

BEIRUT, Oct 19 (Reuters) - U.S. energy envoy Amos Hochstein will be in Beirut next week carrying a copy of the maritime agreement with Israel for Lebanese officials to sign, Lebanese negotiator Elias Bou Saab told Reuters on Wednesday. "Hochstein will be in Beirut next week with the agreement that we will sign," Bou Saab said. A traditional signing protocol with leaders from both countries present is unlikely given that Israel and Lebanon remain technically in a state of war. U.S. envoy Hochstein told a webinar hosted by the Middle East Institute on Tuesday he would be travelling to the region next week but did not give dates or destinations. "The President of Lebanon and Prime Minister of Israel will decide on the signing.

"The Hezbollah leadership scrutinized the understanding line by line before agreeing to it," said one of the sources familiar with the group's thinking. Two Hezbollah lawmakers told Reuters the group was open to the idea of a deal as a pathway to alleviate some of Lebanon’s economic woes. At one point, Hezbollah conveyed its frustration at the slow pace of the talks to Hochstein via Ibrahim, the Western source said. A U.S. official told Reuters Hezbollah had nearly "killed the deal with their provocative rhetoric and actions threatening war". "Once the pipes are in the water, war becomes a long way away," said a source familiar with Hezbollah's thinking.

☆ Israel and Lebanon reach historic agreement to resolve a long-running maritime border dispute
▼ + stars: | 2022-10-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Israel and Lebanon have brokered a historic agreement to resolve a long-running maritime border dispute on Tuesday, following months of negotiations mediated by the United States. Israel and Lebanon reached a historic agreement to resolve a long-running maritime border dispute on Tuesday, following months of negotiations mediated by the United States. "This is a historic achievement that will strengthen Israel's security, inject billions into Israel's economy, and ensure the stability of our northern border," Israel's Prime Minister Yair Lapid said in a statement. Negotiations pertaining to the Israeli-Lebanese border dispute over gas-rich waters off the countries' Mediterranean coasts have been ongoing since October 2020. The Israel president also thanked U.S. special envoy Amos Hochstein for his "hard work" in mediating the agreement.

REUTERS/Sergei Karpukhin (RUSSIA)HOUSTON, Oct 10 (Reuters) - India maintains a "healthy dialogue" with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters. "We’ll look at what is the state of play and what’s on offer," Petroleum Minister Hardeep Singh Puri told Reuters in an interview on Monday following meetings with U.S. oil executives in Houston. On the proposed European Union price cap on Russian oil purchases, he suggested it is not yet firm. "At no stage have we ever been told not to buy Russian oil," he said, referring to talks with officials on global energy supplies. India is interested in the U.S companies' technical expertise in offshore production, ethanol and sulfur recovery in oil refineries, Puri added.

☆ EXCLUSIVE Lebanon satisfied with final draft of Israel maritime border deal -top Lebanese negotiator
▼ + stars: | 2022-10-10 | by ( Timour Azhari | ) www.reuters.com time to read: +2 min

BEIRUT, Oct 11 (Reuters) - Lebanon has received a final draft of a U.S.-mediated maritime border deal with Israel that satisfies all of Lebanon's requirements and could imminently lead to a "historic deal," Lebanese lead negotiator Elias Bou Saab told Reuters. "We received minutes ago the final draft... Lebanon felt that it takes into consideration all of Lebanon's requirements and we believe that the other side should feel the same," Bou Saab said. Israel's official view of the latest draft of the deal was not immediately clear. Israel last week rejected last-minute amendments to the deal by Lebanon that briefly appeared to jeopardize longstanding efforts to reach an agreement. Lebanon's president said that a deal would not signify a "partnership" with Israel, a country Lebanon does not recognize and officially regards as an enemy.

Search resuls for: "Amos Hochstein"

21 mentions found