California lawmakers on Monday approved the nation’s first penalty for price gouging at the pump, voting to give regulators the power to punish oil companies for profiting from the type of gas price spikes that […]
Central bankers who spent past weeks puzzling over how financial turmoil will impact their outlook now have a jolt in the form of higher oil prices to consider. The surprise production cut announced by OPEC+ […]
Shell Plc recently published two energy security scenarios, its latest in a long series of thorough and (at least to energy analysts) memorable views into energy’s possible futures. The first, called Archipelagos, is an extension […]
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina April 3 (Reuters) – Brent oil prices […]
SINGAPORE/SEOUL, April 3 (Reuters) – The OPEC+ group’s surprise additional production cuts could push oil prices back towards $100 a barrel, tighten the market and encourage refiners to diversify supplies, analysts and traders said. […]
A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Picture taken November 23, 2019. REUTERS/Angus Mordant/File Photo April 3 (Reuters) – U.S. natural gas prices last […]
FRANKFURT, April 3 (Reuters) – An oil production target cut announced by some of the world’s top exporters is bad news for the European Central Bank as it tries to bring down inflation but will […]
April 2 (Reuters) – The Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable. “We don’t think cuts are advisable at this moment given market […]
The United Nations says it’s very concerned about what it calls “rampant disinformation” that’s delaying “climate action.” U.N. Under-Secretary General Melissa Felming explains that, “There is no doubt the world must act now to avoid catastrophic ecological […]
Sunday’s surprise OPEC+ production cuts have redefined the outlook for crude prices, bringing $100 a barrel back into the frame.Prior to the announcement, the cartel’s own numbers suggested the group would need to pump more […]
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