U.S. Rig Count Rises In Volatile Week For Oil
The number of oil and gas rigs in the United States is up 4 this week, according to Baker Hughes , with the total rig count at 479, up 221 Continue Reading
Above-average temps, gas-to-coal switching prompt stronger Midwest gas injections
Chicago basis to Henry Hub slips Prices still strong enough to prompt fuel switching Below-normal temperatures combined with rapidly refilling natural gas storage fields in the US Midwest are dragging Continue Reading
Growing problems with orphaned, abandoned wells challenges oil industry
Thousands of oil wells can become orphaned as bankruptcies occur State and federal funding are limited for cleanup, plugging efforts White House, lobbying groups propose cash injections, reforms A growing Continue Reading
Analysis: Europe’s carbon push stokes backlash fears
A European Union plan to extend carbon pricing to the fuel used in cars and to heat homes is facing a wall of early resistance from countries and lawmakers fearing Continue Reading
World’s Biggest Wind Turbine Set to Debut in Germany’s Sea
Vestas Wind Systems A/S booked a pre-order for what will be the world’s largest wind turbine. German utility EnBW Energie Baden-Wurttemberg AG is set to be the first customer to Continue Reading
Volkswagen Sees Global Chip Shortage Worsening in Second Half
Volkswagen AG VOW 5.95% warned that the global shortage of semiconductors affecting car production would worsen over the next six months, joining a chorus of auto companies that have dialed down their outlook for Continue Reading
Delta Variant’s Surge Puts Europe’s Summer Reopening at Risk – WSJ
The fast spread of the Covid-19 Delta variant in Spain and some other parts of Europe is prompting authorities to reintroduce restrictions, fueling fears that a new wave of infections could disrupt Continue Reading
Crude steady as OPEC+, pandemic concerns negate bullish EIA data
Crude oil futures were steady during mid-morning trade in Asia July 9, as bullishness due to robust US Energy Information Administration data faded quickly amid concerns over a rise in Continue Reading
Oil Heads for Worst Week Since May as OPEC+ Feuds, Delta Spreads
Oil headed for the biggest weekly loss since May as a dispute between Saudi Arabia and the United Arab Emirates clouded the outlook for supply just as the spread of Continue Reading
Oil prices rise after big draw in U.S. crude, gasoline stocks
Oil prices rose on Thursday, rebounding from early losses after U.S. government data showed a much bigger drop than expected in crude and gasoline inventories. Still, Brent prices remained about Continue Reading