Scheduling and inventory systems remained offline as operators resumed physical service after nearly a week of outages across the 5,500-mile (8,850km) network. The outage left shippers with no way to redirect barrels to southeastern markets drained by panic […]
Oil fell with global equities after a recent rally that has taken some commodities to record high levels brought on concerns over inflation. U.S. crude futures were down 1.2%. Gasoline and heating-oil markets were also weaker with the hacked […]
Gas stations along the U.S. East Coast are starting to run out of fuel as North America’s biggest petroleum pipeline fights to recover from a cyberattack that has paralyzed it for days. From Virginia to Florida […]
LANSING, Mich. – An unnecessary and premature shutdown of the Line 5 pipeline risks at least 33,000 jobs and a minimum of $20.8 billion in economic losses to consumers in Michigan, Ohio, Indiana and Pennsylvania, an independent third-party analysis requested by Consumer Energy Alliance (CEA) […]
The head of the United Nations is calling on international lending agencies to stop financing major fossil fuel projects, which he said are no longer economic investments. UN Secretary General Antonio Guterres, in a speech Thursday, also […]
New Delhi: Sustained momentum in commodity prices will support the turnaround in the global Oil & Gas industry’s fundamental conditions and a positive global sector outlook through mid-to-late 2022, according to Moody’s Investors Service. “Pent-up consumer demand and […]
CAIRO: The Ismailia Economic Court in Egypt has ruled that the container ship that blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner […]
U.S. crude oil imports from OPEC are down, but imports from Canada remain high Source: U.S. Energy Information Administration, Petroleum Supply Monthly Voluntary OPEC production cuts have been contributing to reduced U.S. crude oil imports from OPEC so far […]
Output in the eight key infrastructure sectors rose to a 32-month high in March, helped by last year’s low base and double-digit growth in steel, cement, electricity and natural gas segments. But the surge in Covid infections is likely […]
Sustained momentum in commodity prices will support the turnaround in the global Oil & Gas industry’s fundamental conditions and a positive global sector outlook through mid-to-late 2022, according to Moody’s Investors Service. “Pent-up consumer demand and a pickup […]
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