Gasoline Prices Top $6 In California, $9 In Parts Of Europe
Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway and Denmark Continue Reading
Oil, Gas Employment Will Take Five Years To Recover From Covid: Rystad
Oil and gas sector employment is on the road to recovery in the United States after the significant job shedding that took place during the pandemic era. But a full Continue Reading
Record-high Texas, Midcontinent heat to elevate power demand, gas prices
Gas-fired power demand set to rise May 18-20 Elevated cooling demand outpaces year-ago levels Hot temperatures forecast to cool by May 22 Natural gas-fired power demand and regional spot gas Continue Reading
Russia’s Economic Outlook Grows ‘Especially Gloomy’ as Prices Soar
After sanctions hobbled production at its assembly plant in Kaliningrad, the Russian automaker Avtotor announced a lottery for free 10-acre plots of land — and the chance to buy seed potatoes — Continue Reading
U.S. Shale Drillers Cautious Despite Record Earnings
Only few shale executives have committed to significant increases in capex. 2022 total cash flow for shale drillers may top all they’ve earned over the past 20 years. Inflationary pressure Continue Reading
USA Oil and Gas Employment Set to Rebound
The total number of jobs in 2027 is expected to hit 1.09 million. Employment in the U.S. oil and gas industry is set to rebound in the coming years and Continue Reading
Russia’s Economy Slowed Down More Than Expected in First Quarter
Putin: Western Sanctions Will Provoke Global Crisis Bloomberg News Russia’s economic growth slowed in the first quarter, as the initial impact of sanctions imposed following President Vladimir Putin’s invasion of Continue Reading
G-7 to unveil aid plan for Ukraine to offset costs of Russia’s invasion
The financial leaders of the Group of Seven nations are expected to unveil a major new economic aid package as soon as Wednesday to help the Ukrainian government offset losses Continue Reading
Omens of Decline for Russia’s Once World-Leading Energy Industry
It was to be a hugely ambitious project on the frigid Gulf of Ob, in Russia’s Far North, a steppingstone in Moscow’s rising ambitions to be a power in liquefied Continue Reading
EU reveals its plans to stop using Russian gas
The European Commission has given more details on how it plans to end Europe’s dependence on Russian fossil fuels. Russia supplies 40% of the EU’s natural gas and 27% of Continue Reading