Frackers in America’s hottest oil field are facing an expensive new setback: earthquakes. Shale companies in West Texas will have to pay more to move millions of barrels of wastewater that surfaces Continue Reading
Despite the White House’s best attempts, oil prices are set to continue to climb this year. Many OPEC members are struggling with their higher production quotas because of technical issues. Continue Reading
Forecasters are predicting a cold snap over the next two weeks. United States natural gas prices could climb even higher if the Arctic blasts materialize. If the U.S. experiences a Continue Reading
The number of people with COVID-19 in French hospitals rose by 888 to 25,775, the health ministry said on Monday, the biggest one-day increase since early November 2020 – before Continue Reading
Saudi Arabia’s planned purchase of Polish refining assets is set to put OPEC’s top producer in charge of two-thirds of Poland’s oil supply, eroding previously dominant supplier Russia’s leverage as Continue Reading
When Christian Hurtz opened his electricity bill just before New Year, his jaw dropped: it had more than trebled from the rate he signed up for. The 41-year-old software developer Continue Reading
Russia may be able to deliver only about half of its scheduled increases in crude production over the next six months, joining the ranks of OPEC+ nations that are struggling Continue Reading
Highlights Average daily storage withdrawals over 1 TWh lower YoY Inventory 26 TWh lower than 2021 levels Tanks less than 47% full Warmer-than-average temperatures and strong pipeline gas imports from Continue Reading
Shell, ScottishPower secured joint offers for rights to develop large-scale floating wind farms as part of ScotWind leasing. Shell and ScottishPower have secured joint offers for seabed rights to develop Continue Reading
Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with Continue Reading
