(Bloomberg) — The OPEC+ coalition will likely hold firm to its oil production plans this week even as the European Union moves to sanction group member Russia, delegates said. Global oil supply and demand levels remain stable, […]
Iran’s foreign currency earnings from exports of oil, gas condensate, natural gas and petrochemicals rose more than 60% from March 21 to May 21, compared to the same period last year, the oil ministry’s official […]
An early Ford F-150 Lightning electric pickup did a real-world towing test with a 23-foot Airstream trailer. It showed a loss of about half the vehicle’s range. Last week, Ford officially started customer deliveries of the […]
Guyana’s Vice President Bharrat Jagdeo said the government would not conduct additional seismic studies on offshore oil blocks that are set to be auctioned in September. “The price of oil is high, and I think […]
(Reuters) Power demand in Texas reached the highest level ever recorded in the month of May on Tuesday and will likely break the record for June today as economic growth boosts overall usage and hot […]
As part of a supplement to our Short-Term Energy Outlook, we analyzed how drought conditions could affect hydroelectric generation in California this summer. California hydroelectric generation would be 48% less this summer in an alternative […]
Crude oil futures were higher in mid-morning Asian trade June 1 as investors looked past recent bearish reports of Russia being excluded from an OPEC+ production deal to refocus back on an oil market that […]
Gazprom has announced that it has completely suspended gas supplies to Denmark’s Orsted Salg & Service A/S “due to failure to pay in Rubles”. The announcement was made on the company’s Twitter page and included […]
OPEC delegates are reportedly concerned about the growing economic pressure on Russia and its ability to pump more crude to cool soaring prices. CNBC has contacted OPEC and a spokesperson for Russia’s Energy Ministry and for comment. […]
Gazprom said it has cut natural-gas supply to the Netherlands after Dutch trader GasTerra refused to pay in rubles. That’s after Russian President Putin has demanded natural gas payments in rubles. Denmark’s Orsted has also […]
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