Royal Dutch Shell RDS.B -0.04% PLC and Barclays BCS 0.09% Bank PLC said they would take large charges attributable to the U.S. tax overhaul —joining a parade of global firms Continue Reading
Gasoline stations outnumber electric vehicle charging stations by a wide margin in key global markets. That gap is expected to narrow with planned charger installations and significant growth in fast Continue Reading
The Permian Basin pumped an estimated 815 million barrels of crude this year, beating its previous record of 790 million barrels, achieved back in 1973, IHS Markit reported . The Continue Reading
Financial oil trading is booming, hitting records this year, with volumes in U.S. contracts outpacing growth elsewhere on the back of the U.S. shale oil boom. Trading data in Thomson Continue Reading
A glut of gas flowing out of the shale field has helped fuel a surge in power plant construction in the northeast. A glut of gas flowing out of U.S. Continue Reading
Flows through Britain’s most important oil pipeline, Forties, have recovered to around half the normal rate, a trading source said on Wednesday, suggesting a steady return to normal operations after Continue Reading
China will start getting natural gas directly from Russia through the Power of Siberia pipeline in less than two years, the chairman of Gazprom said. The board of directors at Continue Reading
Tens of thousands of barrels of new oil are now coming from the Catcher development off the northeast coast of Scotland, Premiere Oil said Wednesday. Premiere said initial production from Continue Reading
The Forties pipeline system in the North Sea has begun pumping crude oil at half of its normal capacity, an unnamed source from the trading circles told Reuters. The Forties Continue Reading
Wind power will be Germany’s biggest single source of electricity this quarter with a number of storms pushing wind output to new record-highs and December on track for a new Continue Reading
