A record short position in oil and energy stocks has led to a historic short squeeze, driving prices sharply higher. Goldman Sachs predicts that Brent crude could reach $90 or higher if the conflict between […]
Where is the Oil price going from here? You don’t want to miss this episode of the International blockbuster podcast Energy Realities, with Tammy Nemeth, Irina Slav, David Blackmon and Stu Turley. The geopolitical risk […]
(Bloomberg) — Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion. The deal relates to Chevron’s 20% interest in the Athabasca […]
OSLO/COPENHAGEN, Oct 7 (Reuters) – Norway’s Equinor (EQNR.OL), has bought a 9.8% stake valued at around $2.5 billion in Danish offshore wind farm developer Orsted (ORSTED.CO), it said on Monday, as it seeks to build up its […]
Tensions in the Middle East have been going on for a year now, and oil supply has not been disturbed. This week, geopolitical risk jumped significantly as Israel is said to be planning strikes on […]
Oct 7 (Reuters) – Chevron (CVX.N), opens new tab is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources (CNQ.TO), for $6.5 billion, the oil giant said on Monday as it puts in […]
Shell revealed this in its third-quarter update note on Monday. The company’s adjusted earnings reached $6.29 billion in the second quarter, a rise of 24 percent compared to the second quarter in 2023, while Shell’s […]
Bulgargaz recently launched three tenders for the delivery of five cargoes during the upcoming autumn-winter season. The company previously awarded the October LNG cargo to TotalEnergies and this shipment was already delivered to Gastrade’s FSRU-based LNG terminal […]
Europe’s energy watchdog has criticised the continent’s grid operators for being unprepared for the expected increase in renewable energy. The Agency for the Cooperation of Energy Regulators (ACER) warns that without changes to their plans, […]
bp has decided to drop its goal of reducing oil and gas production by 2030 as part of a new strategy under Chief Executive Officer Murray Auchincloss. This change marks a significant shift from the […]
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