US News NEW YORK – Oil prices gained about 1% on Tuesday, with U.S. crude settling at a 13-week high on supply concerns, including no nuclear deal with Iran, and prospects for demand growth in China, which is relaxing lockdowns to control the pandemic. Looking ahead, analysts polled by Reuters forecast U.S. crude inventories fell last week. A drop in
Cenovus Energy Inc (NYSE:CVE) traded at a new 52-week high today of $24.49. So far today …
World Oil (Bloomberg) — Louisiana is investigating the source of a cloud of methane that was spotted from space near multiple natural gas pipelines. The state began its probe after Bloomberg News contacted the Louisiana Department of Natural Resources about a concentration of the planet-warming gas detected May 28 by a European Space Agency satellite. The plume had an emissions rate of 44 tons of
World Oil (Bloomberg) — India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC as international buyers turn down dealings with Moscow over its invasion of Ukraine. State processors are collectively working on finalizing and securing new six-month supply contracts for Russian crude to India, said people
OPEC+’s decision to hike oil output is not expected to ease the global supply crunch i…
Yahoo News LONDON – A consultation for a global standard to assess companies’ claims about progress towards internal climate targets and their use of carbon offset credits launched on Tuesday, seeking to bring transparency to an unregulated market. Many global companies such as Shell and Easyjet have set net zero emission targets, saying they would need to buy or generate
Reuters Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and offset the impact of European Union sanctions, three sources familiar with the matter told Reuters. Moscow has said it hopes to reroute energy exports from the West to Asia, but doing so via
Stock Market Futures Tick Lower Following Positive Session On Monday U.S. stock f…
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