Russia’s Novatek completes sale of 10% stake in Arctic LNG 2 to Total
Moscow — Russian independent gas producer Novatek said late Wednesday that it has closed a deal to sell a 10% stake in the Arctic LNG 2 project to its long-term Continue Reading
Honda intends to move 100% of European sales to electrified powertrains by 2025
At the Geneva International Motor Show, Tom Gardner, Senior Vice President, Honda Motor Europe, said that the company intends to move 100% of its European sales to electrified powertrains by Continue Reading
Crude oil futures trade lower after bearish US stocks report
Crude oil futures were lower during mid-morning trade in Asia Wednesday after a larger-than-expected build in weekly US crude inventory data, analysts said. At 9:50 am Singapore time (0150 GMT), Continue Reading
Oil Heads Lower After API Reports Large Crude Build
The American Petroleum Institute (API) reported a large surprise draw in crude oil inventory of 7.29 million barrels for the week ending March 1, coming in way over analyst expectations Continue Reading
Oil Prices Steady Ahead of U.S. Inventory Data
WTI has been trading in a tight range roughly between $55 and $57 a barrel for the past two weeks, and prices remained hemmed inside that band most of the Continue Reading
Big Oil Thinks Its Real Problem Might Be You
Two things to bear in mind when someone tells you they suffer from a problem of perception. First, perception shapes and sometimes outright supplants reality. Second, the complaint comes with Continue Reading
Goldman: OPEC To Clear Supply Glut By April
Goldman Sachs expects OPEC to succeed in clearing what it has deemed excessive oil supply by April, when the latest production cut deal will be reviewed at a meeting of Continue Reading
Libya’s Biggest Oil Field Restarts
Libya’s biggest oil field resumed production, adding another complication to OPEC’s effort to trim a global supply glut. (Bloomberg) — Libya’s biggest oil field resumed production, adding another complication to Continue Reading
Nigeria: Shell Rules Out Force Majeure On Oil Export After Nembe Fire
Royal Dutch Shell has disclosed that it does not have plans to declare force majeure on Bonny Light exports after a fire in an area around a key pipeline. A Continue Reading
Mexico Will Depend On U.S. Natural Gas Despite Energy Sovereignty Push
Mexico will continue to need U.S. natural gas imports over the next decade, despite efforts by the new Mexican government to reduce dependence on American natural gas, data and analytics Continue Reading