When the U.S. last auctioned big plots of ocean to companies that wanted to build offshore wind farms a few years ago, it raked in a then-record-setting haul of $405 million. That’s Continue Reading
Highlights Russia-Ukraine risks keep oil prices elevated DOE offered 50 million barrels in November US SPR inventory falls to lowest in 19 years The Biden administration signaled Feb. 22 that Continue Reading
Output hits seven-week high at 94.6 Bcf/d on Feb. 22 Freeze-off risk abates as coldest winter days wane Rig count now at 752, highest since March 2020 Following an early Continue Reading
The Biden administration has delayed issuing permits for new oil and gas drilling on federal land, a move that could complicate efforts to tame gasoline prices that are poised to Continue Reading
Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway Continue Reading
U.S. sanctions on Russia’s sovereign debt put global investors on notice that the securities could tumble further even after the steep declines they’ve experienced as the Ukraine crisis escalated. While Continue Reading
Germany relies on Russia’s Gazprom for more than half its gas. Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Germany’s Continue Reading
The Airbus A380 represents the last superjumbo of a bygone, kerosene-guzzling era. Now the double-decker will serve as the unlikely testbed to help the industry fly into a fuel-efficient future. Continue Reading
A German retiree facing sky-high energy bills is turning to a wood-burning stove. The owner of a dry cleaning business in Spain adjusted her employees’ work shifts to cut electric Continue Reading
Russia’s mounting aggression against Ukraine is creating a new and potentially prolonged period of uncertainty about global oil and gas supplies. A protracted conflict could send crude oil prices higher Continue Reading
