Staff from a billion pound US oil and gas giant have begun a 16-day strike after their employers hit them with a £10,500 pay cut. Unite the union claims that members have had thousands of […]
Nigeria backs Saudi Arabia’s call to address the disconnect between paper and physical oil markets, Nigerian Minister of State for Petroleum Resources Timipre Sylva said Aug. 26. “A stable oil market benefits all — consumers, […]
Oil refiners and ethanol producers expressed support Aug. 26 for achieving carbon neutrality in the transportation sector but argued that California’s push to eliminate gasoline- and diesel-fueled vehicle sales by 2035 was misguided. “This is […]
Record global gas prices, now trading as high as $100/MMBtu in onshore European markets, are putting pressure on US LNG export terminals to step up production, pushing feedgas demand this week to its highest since […]
Marketed by its champions as the answer to America’s economic woes and energy-driven inflation, the Inflation Reduction Act (IRA) is anything but. Its market destabilizing subsidies, additional taxes and support for further regulatory overreach could […]
On Friday both Germany and France set records for high electricity prices, as Western sanctions continue to batter European countries economies, Meanwhile, Russia remains relatively unscathed, as the higher energy prices more than compensate for […]
The German government has created a secret holding company, with which it plans to nationalize the former German subsidiary of Gazprom at some point in the future, according to a report by Welt am Sonntag […]
At the annual shareholders’ meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains “a unit, well-integrated and secure institution even as it develops existing businesses […]
The turbine was torn apart by the raging winds and collapsed to the floor Families in a nearby village in South Wales said the bang sounded like thunder Manufacturers Nordex launched an investigation after it […]
As Iran remains hopeful that a revived nuclear deal will enable it to ramp up crude exports soon amid favorable market conditions, the question is just how quickly its traditional customers would be willing to […]
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