Biggest U.S. Airlines Miss Cheapest Jet Fuel Prices in 12 Years
The biggest U.S. airlines missed their chance to lock in the cheapest energy costs in more than 12 years after jet fuel surged as much as 80 percent since January. Continue Reading
Gazprom, Shell to invest $13 billion in projects in Russia: Russian Energy Minister
Energy major Shell and Russia’s gas major Gazprom will jointly invest $13 billion in three projects in Russia, Russian Energy Minister Alexander Novak said on Thursday. Novak said that Shell Continue Reading
Lukoil CEO says ready to invest in Iran, eyes October International Petroleum Contract – Oil | Platts News Article & Story
Lukoil is ready to re-enter Iran and is hopeful that the necessary laws will be in place soon, with the terms of the International Petroleum Contracts, or IPCs, likely to Continue Reading
Halliburton, Schlumberger bid for fracking jobs in Ukraine: UkrGazVydobuvannia
Halliburton, Schlumberger and Weatherford are among nine companies that submitted bids to carry out hydraulic fracturing operations for Ukraine’s largest natural gas producer UkrGazVydobuvannia (UGV), the company said Thursday. UGV, Continue Reading
VW Group strategy calls for >30 new BEVs by 2025 with annual EV sales of 2-3M units; mobility services
« Local Motors debuts first self-driving vehicle using IBM Watson Internet of Things for Automotive | Main Volkswagen Group CEO Matthias Müller presented the company’s new new strategic plan—TOGETHER – Continue Reading
Oil hits three-week low on weak U.S. stock draw, Brexit fear
Oil prices hit their lowest in more than three weeks on Thursday, the sixth straight day of losses and longest bearish run since early 2016, as U.S. crude stocks fell Continue Reading
Oil Prices Continue to Decline on Oversupply Concerns
Oil prices retreated Wednesday as oversupply worries lingered and the prospect of the U.K. leaving the European Union weighed heavily on investors. The August contract for global benchmark Brent was Continue Reading
Oil prices take a beating
Pessimism about the strength of the oil market recovery and concerns over the consequences of the so-called Brexit strategy dragged oil prices lower Wednesday. Short-term supply disruptions triggered by wildfires Continue Reading
Oil’s Recovery Looks Fragile to Goldman Sachs as Supplies Return
Play VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%Progress: 0%Stream TypeLIVERemaining Time -0:00Playback Rate1Chapters Chapters Subtitles subtitles off Captions captions settings captions off Fullscreen This is a modal window. No compatible source Continue Reading
Goldman Sachs Says Oil Isn’t Recovering
Oil Rigs Goldman Sachs has rejected analysts’ opinions that the global oil market is recovering, noting that while it expects a “modest” deficit in the coming months based on the Continue Reading