Oil fell with global equities after a recent rally that has taken some commodities to record high levels brought on concerns over inflation. U.S. crude futures were down 1.2%. Gasoline and heating-oil markets were Continue Reading
Colonial Pipeline now sees service mostly restored by the end of this week. (Bloomberg) — Gasoline’s rally dissipated after the operator of the largest U.S. oil-products pipeline system said it’s Continue Reading
The cyberattack that forced the closure of the top U.S. fuel pipeline threatens to disrupt gasoline supplies for millions, as the conduit’s owner estimated Monday that restoring service would take at Continue Reading
Renewable power capacity grew at its fastest pace this century in 2020, the International Energy Agency said Tuesday, raising its growth forecast for wind and solar power for this year Continue Reading
A difficult quarter for the world’s biggest wind companies has taken the shine off several renewables darlings amid an accelerating selloff in clean energy shares. Many have suffered stock declines over Continue Reading
The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks and a shift towards renewable energy, experts warned that nearly Continue Reading
As major oil companies released their first-quarter earnings, profits from their petrochemical units hit record highs and demand for petrochemicals is only set to grow. According to Bloomberg, this trend Continue Reading
OPEC’s crude oil production is estimated to have increased to a three-month high of 24.96 million barrels per day (bpd) in April, thanks to a major jump in Iran’s output, Continue Reading
A resurgent Iran pumped its largest volume of crude in almost two years in April, while an increasingly compliance-challenged Russia also boosted its output yet again, bringing total production by Continue Reading
Candidates began signing up on Tuesday for Iran’s June 18 presidential polls with the clerical establishment hoping for a high turnout in a vote seen as a referendum on the Continue Reading
