Ratings agency Fitch lowered the outlook for its credit rating for British government debt to “negative” from “stable” on Wednesday, days after a similar move from rival Standard & Poor’s Continue Reading
OPEC+ agrees major cuts to production quotas Urals currently trading at a discount of around $25 Russian Deputy Prime Minister Alexander Novak said Oct. 5 that a planned price cap Continue Reading
Oil inched lower on Wednesday after gains in recent days as OPEC+ producers looked set to agree deep output target cuts later in the day despite a tight market. Brent Continue Reading
The American Petroleum Institute (API) reported a surprise draw this week for crude oil of 1.770 million barrels, while analysts predicted a build of 333,000 barrels. U.S. crude inventories have Continue Reading
Oil prices rose on Tuesday as expectations that OPEC+ may agree to a large cut in crude output on Wednesday offset concerns about the global economy. Brent crude was up Continue Reading
Nov-Jan contango for JKM benchmark as wide as $7/MMBtu Charterers have been taking up tonnage since mid-2022 Storage demand drives up spot LNG freight rates to record highs The number Continue Reading
Emissions of methane, a potent greenhouse gas, from oil and gas infrastructure could be stamped out within the next 10 years, industry experts said on Tuesday. Speaking at the Reuters Continue Reading
Droughts, heatwaves pushed countries to coal power, Ember says Renewable growth saved $40 billion in fuel costs in first half Global carbon emissions from power plants may be headed for Continue Reading
A gas pump is inserted inside an Audi vehicle at a Mobil gas station in Beverly Boulevard in West Hollywood, After a tumultuous year, U.S. gasoline prices have been steadily Continue Reading
India, the world’s third-largest crude oil importer, is looking to lock in term purchase contracts with crude producers, expecting a redirection of trade flows and a tighter market when the Continue Reading
