While regional volatility is extreme, gas prices at the national level are more or less steady despite the impact of severe U.S. weather, market analysis found. Motor club AAA reports Continue Reading
Seadrill Ltd ., one of the world’s largest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court as part of a plan to Continue Reading
Estimates vary, but some 9 million people lost power during Hurricane Irma, according to the CEO of Florida Power & Light, the state’s largest utility. As of Monday, an additional Continue Reading
Swiss trading houses are muscling in on the global market for liquefied natural gas, until now the preserve of energy giants, and expect to grab a $10 billion share of Continue Reading
Chinese industrial conglomerate CEFC has agreed to buy 14.16 percent in Russia’s Rosneft for approximately US$9 billion. The deal was no surprise as it came on the heels of a Continue Reading
The Conservative ruling party of Norway yesterday won re-election for the first time since 1985, in a vote where oil policies took center stage, as befits Europe’s largest oil and Continue Reading
Royal Dutch Shell, looking deeply into its crystal ball, sees a future that’s still heavily dependent on oil. The Anglo-Dutch giant expects crude will continue to play a major role Continue Reading
In Germany, threats by politicians to ban diesel cars from cities have scared off customers, and sales of new models plunged 14% in August from a year ago, Germany’s federal Continue Reading
Oil prices were steady on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts in the wake of Hurricane Harvey that should lead Continue Reading
Oil prices settled higher on Monday, as refineries planned restarts and Saudi Arabia debated the possibility of extending a deal to curb output among major producers. Light, sweet crude for Continue Reading
