Royal Dutch Shell (RDSa.L) shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing Continue Reading
The Colonial Pipeline’s ordering system suffered intermittent disruptions Tuesday morning, but the pipeline’s operator said it was still moving fuel through the key conduit to the East Coast. Colonial Pipeline Co. Continue Reading
The American Petroleum Institute (API) on Tuesday reported a build in crude oil inventories of 620,000 barrels for the week ending May 14. Analysts had predicted a build of 1.680 Continue Reading
The US gas storage deficit to last year and the five-year average continued to climb, while warmer weather setting in across the US diminished the chances for bulky builds as Continue Reading
So far, shale explorers are passing the test. (Bloomberg) — So far, shale explorers are passing the test. The industry, much maligned by investors for excessive spending without returns to Continue Reading
Maxim Shemetov Russia’s deputy foreign minister said on Wednesday that if the United States waived sanctions on the company in charge of construction of the Nord Stream 2 pipeline, that Continue Reading
Brent crude topped $70 a barrel in London for the first time since mid-March amid signs that recovering consumption has whittled away a glut of oil that built up last Continue Reading
Oil climbed to the highest in two years with optimism building around the comeback of fuel demand in regions such as the U.S., even as Covid-19 flare-ups persist in parts Continue Reading
Crude futures settled higher May 17 as a weaker dollar and signs of continued demand recovery in the US and Europe overshadowed renewed demand concerns in Asia. Not registered? Receive Continue Reading
Oil climbed to the highest in two years with optimism building around the comeback of fuel demand in regions such as the U.S., even as Covid-19 flare-ups persist in parts Continue Reading
