Occidental

Oil market will face supply shortage by end of 2025, Occidental CEO says

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The oil market will face a supply shortage by the end of 2025 as the world fails to replace current crude reserves fast enough, Occidental CEO Vicki Hollub told CNBC on Monday. About 97% of the oil produced today was discovered in the 20th century, she said. The world has replaced less than 50% of … Read more

Occidental, Climeworks winners as Biden allocates $3.5B for CO2 removing

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Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Picture courtesy Climeworks The U.S. Division of Vitality is investing as much as $1.2 billion in big vacuums that suck carbon out of the air in an effort to gradual international warming. So-called direct air seize, or DAC, is an rising know-how that has not scaled … Read more