Oil prices down 1.5% for the week on recession jitters
Oil prices steadied on Friday, but fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand. Brent crude futures settled at Continue Reading
Concerns Raised Over Strength of Future Oil Demand
Recession fears remain elevated for key markets. Recession fears remain elevated for key markets, including the U.S. and EU, raising concerns over the strength of future oil demand. That’s what Continue Reading
FEATURE: Turkey’s additional gas transit potential back in the spotlight
Highlights Turkey open to transiting gas from new sources to Europe Additional gas could come from handful of countries Options seen for gas from Turkmenistan, Iran, Iraq, East Med Russia’s Continue Reading
Nigeria: Shell – Why We Halted Onshore Divestment
One of Nigeria’s leading energy giants, Shell Petroleum Development Company of Nigeria Limited (SPDC) has disclosed that the Shell Group would not go ahead with the divestment of its interest Continue Reading
China’s July Russian coal imports hit 5-yr high as West shuns Moscow
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Continue Reading
Venezuela Halts Oil Shipments To Europe, Demands New Concessions
Europe is quickly running out of Russian energy alternatives. Venezuela has just halted oil shipments to Europe, saying it is done with oil-for-debt deals. Venezuela is now looking for refined Continue Reading
U.S. oil & gas rig count falls for third week in a row, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs for a third week in a row even as they slowly increase production to pre-pandemic levels Continue Reading
U.S. Rig Count Stalls
The number of total active drilling rigs in the United States fell by 1 again this week, according to new data from Baker Hughes published on Friday. It is the Continue Reading
This Is What Determines the Price of Gasoline
The price of gasoline is seemingly central to everything right now. The Fed is watching it closely, which means the stock market is watching it closely. The public is focused Continue Reading
Energy Projects Needed Across the U.S. Face Local Hurdles
WSJ’s Katherine Blunt explains why electricity and natural-gas prices are up so much this year and offers tips on how to manage the expense. Illustration: Mike Cheslik The U.S. needs Continue Reading