New York Governor Andrew M. Cuomo announced that Maid of the Mist, which has been navigating the waters of the Lower Niagara River since 1846, will launch later this year Continue Reading
Poland, Hungary and the Czech Republic are offering their domestic refiners about 8 million barrels of oil from strategic reserves after supplies from Russia’s Druzhba pipeline to Europe were halted, Continue Reading
Russia is cutting oil output by as much as 10 percent for several days amid disruptions due to contamination of crude in a major pipeline to Europe and at a Continue Reading
State-controlled Equinor reported a 9% year-on-year drop in its Norwegian oil output for the first quarter on Friday, suggesting continued problems and steep natural decline at currently producing fields ahead Continue Reading
The world’s largest sovereign wealth fund—Norway’s US$1-trillion fund that has amassed its wealth from oil—earned US$84 billion in Q1 in the “strongest quarter ever”, boosted by technology and oil and Continue Reading
Russia’s oil production will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues, according to Reuters Continue Reading
Crude oil futures slid during mid-morning trade in Asia Friday amid expectations that the supply void from Iran will be filled by other key crude oil producers, Saudi Arabia and Continue Reading
Oil prices dipped on Friday, paving the way for a weekly decline as surging U.S. output was expected to start hitting global markets soon. Brent crude oil futures were at Continue Reading
Oil prices plunged early on Thursday to the lowest in a month after U.S. government data showed on Wednesday that inventories hit their highest since September 2017 and production soared Continue Reading
Oil plunged Thursday, with U.S. crude dropping more than 3 percent as the market grappled with oversupply fears as increased U.S. sanctions on Iran had more incremental impact than expected Continue Reading
