The UK windfall tax on energy firm profits is expected to be extended by another year to 2029 this week during the annual budget speech later this week, Reuters reported Monday, citing unnamed industry sources […]
The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding bill up for discussion at U.S. Congress says. Under the draft text of the bill, “the Secretary […]
U.S. energy firms this week added oil and natural gas rigs for a second straight week to their highest since September, energy services firm Baker Hughes said in its closely followed report on Friday. The […]
The energy crisis that engulfed Europe after Western sanctions punished Russia’s invasion of Ukraine cost the continent hundreds of billions of dollars. Now, the Middle East crisis and the Houthi war on the Red Sea […]
MUFG Bank forecasts a surplus of LNG supply by 2025, primarily driven by a surge in supply from the US and the Middle East, potentially leading to lower prices and the end of the energy […]
The global crackdown on methane emissions will get a boost this week from a watchdog satellite built to track and publicly reveal the biggest methane polluters in the oil and gas industry. The satellite, designed […]
The Association of the Petroleum Industry of Kurdistan on March 2 said there was no deal to resume oil exports through northern Iraq into Turkey, dashing hopes after reports that Baghdad had reached an agreement […]
OPEC and its allies will maintain their tight grip on oil supply, with several members on March 3 announcing extensions of their voluntary production cuts that had been scheduled to expire at the end of […]
WASHINGTON, March 3 (Reuters) – A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve. The desire for a hard line […]
SAN RAMON, Calif., Feb. 29 /BusinessWire/ — Chevron New Energies, a division of Chevron U.S.A. Inc., announced it is developing a 5-megawatt hydrogen production project in California’s Central Valley. The project aims to create lower […]
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