U.S. supermajor ExxonMobil is expected to lose about $2 billion when it sells an oil field off the coast of California. Operations at the field were halted following an oil spill in 2015 that leaked […]
Elevated fuel prices and shortages remain a concern for U.S. consumers ahead of Tuesday’s midterm elections, in which energy costs have become a crucial campaign issue. After a steady decline this fall, the average price of […]
Oil markets can’t seem to choose which direction to head. Fears of demand destruction sparked by a global economic slowdown are at odds with the very real threat of a supply shortage. The oil market […]
Doing a 180-degree turn and redirecting more money to oil and gas exploration would definitely make some investors unhappy. FT: Banks want oil companies to keep returning cash to shareholders instead of investing it in […]
President Biden wants to bring gas oil prices down by threatening to tax oil companies, which have been benefiting from the spike in oil and gas prices in the first place. And he isn’t alone in […]
Chinese companies have been investing in rare earth minerals in Canada. But now the Canadian government is telling them to leave. Source: Ntd.com
Is our push into green energy riddled with hidden costs? In this special report, we look at China’s growing dominance in the renewable energy sector, the costs to the environment and human life, and how every American […]
The Czech Republic is the latest country to levy windfall taxes on energy companies to scrape together funds to continue subsidizing high energy costs, Bloomberg reported on Friday. Czech lawmakers approved Finance Minister Zbynek Stanjura’s […]
The US Department of State on Thursday issued a $5 million bounty for information on a Singaporean businessman who broke international sanctions by transporting fuel to North Korea. Kwek Kee Seng, director of the Singapore-based […]
Dozens of LNG tankers are idling off Europe’s coast as they hold out for higher prices, per the FT. Combined, the 30-plus ships are carrying natural gas worth $2 billion, according to Vortexa data. European […]
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