The European Commission said Friday it supported Finland’s strategy to invest in a small-scale liquefied natural gas terminal as an energy security option. The commission said it supported the government’s Continue Reading
Rig company Transocean in a letter to shareholders said it was working to maintain its sector position in what’s expected to be a challenging market in 2016. The company said Continue Reading
Eni SpA Friday announced plans for €13 billion ($14.71 billion) in cost cuts and asset sales, the latest major oil and gas company to further adjust its strategy to enduring Continue Reading
The EU is interested in receiving natural gas from Israel, according to Israel’s energy ministry, with ministry sources saying Thursday that preliminary talks on future sales of gas are underway. Continue Reading
When Martin Winterkorn dropped by to order some new glasses in the Volkswagen company town of Wolfsburg, he was “visibly dejected”, according to his optician. But the visit wasn’t last Continue Reading
Oil held near $40 a barrel after the dollar headed for a third week of losses amid signs central banks will continue to provide stimulus, and as U.S. output dropped Continue Reading
U.S. oil futures touched new highs for 2016 on Friday and were set to post gains for a fifth straight week on growing optimism that major producers would strike a Continue Reading
The U.S. oil benchmark broke above $40 a barrel Thursday for the first time this year, highlighting the market’s rebound from its lowest levels in more than a decade. Since Continue Reading
Oil futures extended strong gains on Thursday, continuing to gather support after the world’s biggest suppliers firmed up plans to meet to discuss an output freeze. Oil producers, including Gulf Continue Reading
Natural gas futures shook off early losses Thursday and rallied for a third straight day in tandem with a surge in U.S. crude prices, which closed above $40 a barrel Continue Reading
