LONDON, May 19 (Reuters) – Global distillate fuel oil shortages signal the business cycle is peaking and a period of slower growth or even a recession is imminent to bring consumption back in line with […]
According to sources in the know of the matter, these defects occur because the electric two-wheeler manufacturers like Okinawa Autotech, Pure EV, Jitendra Electric Vehicles, Ola Electric and Boom Motors may have used “lower-grade materials […]
TOKYO May 23 (Reuters) – The White House is weighing an emergency declaration to release diesel from a rarely used stockpile in a bid to address a major supply crunch and blunt rising prices, an […]
Elon Musk-owned SpaceX has scrapped plans to build a small-scale liquefied natural gas plant at the rocket company’s Boca Chica launch site in Texas, federal documents show. SpaceX no longer proposes to build a desalination plant, power […]
HIGHLIGHTS UK government not ruling out windfall tax Shanghai’s economy reopening uncertain Oil prices firmed in early Europe trading May 23 amid a tight market with low stocks, US fuel demand, and as Shanghai prepares […]
ExxonMobil signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices. – […]
While RBML is scaling down its retail operations to cut some of the Rs 700 crore loss it is incurring every month, Russia’s Rosneft-backed Nayara Energy has raised prices of petrol and diesel by up […]
Centennial Resource Development Inc., a shale oil producer in the Permian Basin, agreed to acquire private equity-backed rival Colgate Energy in a cash-and-stock deal valued at about $2.5 billion. The deal creates “the largest pure-play […]
(Bloomberg) — Eni SpA plans to spend at least 2.5 billion euros ($2.4 billion) over the next four years in the UK, amid government calls on energy companies to increase investments or face a windfall […]
The number of total active drilling rigs in the United States rose by 14 this week, on top of the 9 rig increase in the week prior, according to new data from Baker Hughes published […]
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