Yahoo BERLIN (AP) — Russian energy giant Gazprom appeared to cast doubt Wednesday on the prospects of quickly restoring the flow of natural gas to full capacity through a major pipeline to western Europe. Gazprom last month reduced the gas deliveries through Nord Stream 1 to Germany by 60%. The state-owned gas company cited technical problems involving a part that partner Siemens
World Oil (Bloomberg) — Oil prices pose a high risk to the global economic recovery, with signs that fuel costs are starting to “take their toll” on demand growth, the International Energy Agency said. The Paris-based adviser trimmed forecasts for oil consumption this year and next amid growing fears of a recession, warning that prices threaten stability in emerging
Suncor has had quite the ride in the last couple of years. Today, the stock is at a crossro…
Yahoo News LONDON- – U.S. energy tech firm Wildcat Discovery Technologies said on Wednesday that it has raised $90 million from investors to develop a high energy density battery cell for electric vehicles. The Series D funding round was led by Koch Strategic Platforms, the investment arm of industrial conglomerate Koch Industries, and included investments from Eastman Kodak and venture
Oil and Gas 360 HOUSTON–(BUSINESS WIRE)– Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that its wholly owned subsidiary Tellurian Production LLC (TPC) has entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC (collectively EnSight) located in the Haynesville Shale. The purchase price is $125 million, subject
Weekly Crude Oil Storage as of July 8, 2022 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.3 million barrels from the previous week. At 427.1 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year, according to the EIA crude oil and petroleum
BOE Report Oil edged up on Wednesday, a day after it fell through $100 a barrel for the first time since April, while traders looked towards U.S. inflation data that could weaken the market. U.S. West Texas Intermediate crude gained 28 cents, or 0.29%, to $95.94. Brent crude futures were up 20 cents, or 0.20%, at $99.16 a barrel.
CNBC President Joe Biden is headed to Saudi Arabia this week as part of his first Middle East trip as commander in chief. He’s going with a list of goals, including energy security, bringing the Saudis and Israel closer together, advancing a truce in Yemen, and establishing a more cohesive regional front against Iran. But it’s a controversial move for this
Stock Market Futures Rise Ahead Of Key Inflation Data U.S. stock futures are ma…
