World Oil (Bloomberg) — The smallest oil producer in the Persian Gulf is turning to natural gas imports to meet rising energy demand as production from its own deposits slips. Bahrain plans to import at least five or six cargoes of liquefied natural gas in 2025, according to Mark Thomas, chief executive officer of Nogaholding, which manages the country’s oil
Yahoo Finance WASHINGTON – U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia’s invasion of Ukraine but face big headwinds including shipping bottlenecks, labor shortages, and a dismal long-term outlook discouraging investments in new mines. The outlook means the United States, which holds the world’s biggest reserves of coal, is unlikely to play
With rising interest rates and rising inflation, the stock market is feeling dangerous to m…
World Oil (Bloomberg) — Hungary told its European Union counterparts that it will cost at least 770 million euros ($810 million) to revamp its oil industry as they wrangle over potential sanctions that would target Russian supplies. Prime Minister Viktor Orban’s government said 550 million euros were needed to overhaul its refineries to comply with the ban, and another 220
Reuters U.S. Treasury officials said on Tuesday they plan to propose at this week’s G7 finance meeting that European countries impose tariffs on Russian oil, as a faster alternative to an outright oil embargo. European Union officials are considering a phased embargo on imports of Russian crude as its next response to Moscow’s war in Ukraine, but concerns from some
World Oil (Bloomberg) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center. In the past three years, Shell has drilled three exploration wells without finding any commercial volumes, said Marcelo de Assis, the head of Latin American upstream research
Reuters LONDON: Oil hit its highest in seven weeks on Tuesday, supported by the European Union’s ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of China’s COVID lockdowns. EU foreign ministers failed on Monday in their effort to pressure Hungary to lift its veto on
World Oil Global digital services leader Asset Information Services (AIS), a James Fisher company, announced on Monday its business development and account management expansion plans, which includes new hires in key global regions for its rapidly growing customer base. In 2022, AIS is expanding its international team, putting boots on the ground in Indonesia, UAE, Nigeria, and Mexico through the
InvestorPlace – Stock Market News, Stock Advice & Trading Tips Soaring crude and natu…
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