Just weeks after a bitter cold blast that brought heavy snow to Germany, the Netherlands and Britain, much of Western Europe is enjoying a taste of spring. Temperatures some 25 degrees Continue Reading
First output is now being produced by Russia’s number two gas producer (after state-owned Gazprom) – Novatek – from its much-awaited fourth train at the Yamal LNG project, according to Continue Reading
Crude oil futures fell during midmorning trade in Asia Feb. 24 after data from the American Petroleum Institute showed an unexpected build in US crude inventories, and as fears of Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 1.026 million barrels for the week ending February 19. Analysts had predicted an inventory draw Continue Reading
Oil rose toward $63 a barrel with investment banks and traders predicting the market will tighten further and push prices higher. (Bloomberg) — Oil rose toward $63 a barrel with Continue Reading
Oil prices settled near year-long highs on Tuesday on signs that global coronavirus restrictions were being eased, although concerns about the pace of a U.S. economic recovery and the return Continue Reading
Brent Crude prices could hit $70 a barrel in the second quarter of 2021, while they are set to average $60 this year, Bank of America said this week, raising Continue Reading
The energy transition and the growing share of electrification of transportation will not lead to a fast decline in global oil demand—any drop in consumption will be very gradual, Argus Continue Reading
The five integrated supermajors – ExxonMobil (NYSE: XOM), BP (NYSE: BP), Shell (NYSE: RDS.A), Chevron (NYSE: CVX), and Total (NYSE: TOT) – posted a combined record loss of $76 billion Continue Reading
In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month when companies are set Continue Reading
