More than $500bn (£391.13bn) was invested into oil and gas last year, according to a report from the International Energy Agency (IEA), in a blow to environmental activists’ calls for no new fossil fuel development. […]
Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth quarter of 2024. Front-month Brent […]
Stockholders of TC Energy Corp. have voted in favor of a proposal to separate the liquid transport operations of the Canadian oil and gas pipeline company into an independent publicly listed business. Each TC Energy […]
Russia’s oil proceeds increased almost 50% in May from a year ago, with the nation managing to circumvent sanctions and get a higher price for its crude. According to Bloomberg calculations, the country’s oil-related taxes […]
Daily Standup Top Stories Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax June 5, 2024 Mariel Alumit U.S. Senator Ted Cruz introduced legislation to repeal the natural gas tax included in the Biden […]
HOUSTON, June 5 (Reuters) – Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S. Federal Reserve in September outweighed demand concern after data showed […]
The slump in oil prices so far this week has dragged down shares in the top UK-based oil and gas supermajors, Shell and BP, with their stock falling on Tuesday and pushing London’s main FTSE […]
(WO) – BW Energy has now concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area offshore […]
Russian movers of sanctioned oil have found a new spot in the Mediterranean to carry out ship-to-ship transfers having been turfed out of Greece last month. Bloomberg is reporting that a slice of coastline off […]
Daily Standup Top Stories U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC June 3, 2024 Mariel Alumit The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from […]
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