Wednesday, July 16, 2025
U.S. Senate panel expected to vote on bill allowing anti-trust lawsuits against OPEC-oil and gas 360

U.S. Senate panel expected to vote on bill allowing anti-trust lawsuits against OPEC

Nasdaq WASHINGTON – A U.S. Senate panel will consider as soon as next week a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion on boosting petroleum prices, a Senate aide said on Thursday. The bill, sponsored by Republican Chuck Grassley and Democrat Amy Klobuchar and others, will be considered as the

TotalEnergies starts pullback from Russia with $4 billion writedown- oil and gas 360

TotalEnergies starts pullback from Russia with $4 billion writedown

World Oil (Bloomberg) — TotalEnergies SE took a $4.1 billion writedown on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine. The French energy giant initially refused to cut ties with Moscow, despite other oil majors including BP Plc and Exxon Mobil Corp.

Oil prices fluctuate amid supply constraints and demand concerns- oil and gas 360

Oil prices fluctuate amid supply constraints and demand concerns

CNBC Oil prices steadied after trading in and out of positive territory on Thursday as investors weighed up tightening Russian supplies and the prospect of slowing fuel demand in China.   Brent crude futures were down 9 cents at $105.23 a barrel. U.S. West Texas Intermediate crude rose 13 cents to $101.15. Both contracts had gained 30 cents on Wednesday on concerns

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 40 Bcf

Natural Gas Inventories as of April 22, 2022 The EIA has released its natural gas inventory report, showing a net increase of 40 Bcf as of April 22, 2022. Working gas in storage was 1,490 Bcf as of Friday, April 22, 2022, according to EIA estimates. This represents a net increase of 40 Bcf from the previous week. Stocks were