European industries are struggling to stay competitive amid soaring energy costs. Surging natural gas and electricity costs have resulted in a jump in operational costs for all industries, from steelmaking Continue Reading
Crude oil exports from the United States to France have fallen to zero for the first time in four years, Bloomberg has reported , citing industrial action at French refineries Continue Reading
Oil advanced as Chinese officials debate easing some Covid rules, a policy that has weighed on its economy and energy demand. Brent rose much as 1.6% to trade above $93 Continue Reading
Oil held gains as the market shrugged off measures from US President Joe Biden to tame rising energy prices that have fueled inflation. West Texas Intermediate for December traded near Continue Reading
Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures Continue Reading
Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of Continue Reading
The OPEC Monthly Oil Market Report (MOMR) for October 2022 was published recently. The last month reported in most of the OPEC charts that follow is September 2022 and output Continue Reading
Flooding across Nigeria has hobbled gas production and decimated thousands of square kilometers of farmland, the country’s government said Wednesday, aggravating fuel and food shortages across Africa’s most populous nation Continue Reading
The Nigerian National Petroleum Corporation says that weeks of an intense crackdown on oil thieves have significantly reduced the scale of oil theft in the oil-rich Niger Delta and that Continue Reading
Hyundai’s shipbuilding division (HHI-SBD) has ordered 6 × MAN B&W G95ME-C10.5-LGIM dual-fuel main engines in connection with the construction of 6 × 17,000 teu container vessels for A.P. Moller – Continue Reading
