Polish Grupa Azoty, a large fertilizer producer, has stopped the production of some key fertilizers, including nitrogen fertilizers and caprolactam, because of soaring energy costs, becoming the latest casualty of Continue Reading
Another dramatic spike in natural gas prices appears to have ended any hopes that Europe’s inflation battle is set to ease, with financial markets now bracing for higher prices, a Continue Reading
Russia and Ukraine have been at war for 6 months Armies have been locked in grinding war of attrition No immediate prospect of meaningful peace deal Europe is facing a Continue Reading
Offshore supply ships at the Port of Aberdeen sea port in Aberdeen, Scotland, UK. Scotland’s public spending deficit shrank after revenue from the North Sea oil industry jumped to the Continue Reading
Oil rose near $92 a barrel in New York after Saudi Arabia said OPEC+ may be forced to cut production to stabilize a volatile market. “Extreme” volatility and a lack Continue Reading
Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices Continue Reading
The diesel crisis lies dormant. While prices have dropped from a March spike, record-low stocks, demand expected from the onset of winter, and the threat of a drop off in Continue Reading
OPEC+ sources: members produced 2.9 million bpd below output targets in July. The gap between overall quota and actual oil production from the OPEC+ members has been growing for more Continue Reading
The Kurdistan region’s Ministry of Natural Resources (MNR) has initiated an appeal of a Baghdad court’s July decision to invalidate four contracts with international oil companies — a move that could delay Continue Reading
Eni has announced a ‘significant’ gas discovery in the Cronos-1 well. Eni has announced a “significant” gas discovery in the Cronos-1 well, which was drilled in Block 6, around 100 Continue Reading
