Italy’s Eni said on Thursday it had agreed to buy digital green utility Be Power in a bid to grow its electric vehicle charging service business in Italy and Europe. The move comes as the energy group […]
– Investment bank UBS expects oil prices to resume their upward trend despite concerns over a surge in infections of the coronavirus Delta variant and projects Brent crude to trade between $75 and $80 per barrel in the second half of […]
India state refiners are set to invest 2 trillion rupees ($26.96 billion) to boost oil refining capacity by 20% in Asia’s third-largest economy by 2025, junior oil minister, Rameswar Teli, told lawmakers on Wednesday. India, the world’s third-biggest […]
Saudi Arabia’s move to push up the cost of its oil in Asia may backfire as an outbreak of the delta virus variant in China damps demand, while the U.S. and Russia offer more competitively priced alternatives. […]
Last week, ExxonMobil (NYSE:XOM) reported Q 2 2021 earnings in one of Big Oil’s most anticipated scorecards this earnings season. The United States’ largest oil and gas company posted stellar earnings that proved that the worst for the U.S. shale industry might finally be […]
HighlightsPermian rigs climb five to 258 Operators eye growth in basin Gas rigs just 5% below pre-pandemic levels The US oil and gas rig count climbed four to 603 in the week ended Aug. 4 […]
Energy intensity�calculated as total energy consumption divided by real gross domestic product (GDP)�is a common energy indicator and efficiency measure. In 2020, U.S. energy intensity reached a low of 5.05 thousand British thermal units (Btu) […]
In 2020, 18.1 million barrels per day (b/d) of petroleum products were consumed in the United States, a 25-year low. From 2019 to 2020, petroleum consumption decreased in every energy-consuming sector, and it decreased a […]
Rising U.S. air travel since the beginning of 2021 has contributed to increased demand for kerosene-type jet fuel in the United States. However, increased production of jet fuel has outpaced the higher demand, leading to […]
(Reuters) -Iranian-backed forces are believed to have seized an oil tanker in the Gulf off the coast of the United Arab Emirates, three maritime security sources said, after Britain’s maritime trade agency reported a “potential […]
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