Thursday, November 28, 2024
Gasoline prices top $5 a gallon nationally for the first time and are likely headed higher- oil and gas 360

Gasoline prices top $5 a gallon nationally for the first time and are likely headed higher

CNBC The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time due to increased demand from the economy reopening from the pandemic and depleted oil supplies stemming in part from the war in Ukraine. Prices look set to continue rising into the summer months, analysts said. According to AAA, the average national price reached

Russia becomes India's second biggest oil exporter, trade sources' data show- oil and gas 360

Russia becomes India’s second biggest oil exporter, trade sources’ data show

Reuters NEW DELHI  – Russia rose to become India’s second biggest supplier of oil in May, pushing Saudi Arabia into third place but still behind Iraq which remains No. 1, data from trade sources showed. In May Indian refiners received about 819,000 barrels per day (bpd) Russian oil, the highest thus far in any month, compared to about 277,00 in

TotalEnergies wins stake in Qatar’s multibillion-dollar gas expansion project- oil and gas 360

TotalEnergies wins stake in Qatar’s multibillion-dollar gas expansion project

World Oil (Bloomberg) — TotalEnergies SE became the first foreign company to win a stake in a multibillion dollar project to boost Qatar’s gas exports. Qatar is expanding production of liquefied natural gas amid a worldwide energy crunch. Global demand for the fuel is soaring as European nations race to wean themselves off Russian gas supplies in the wake of

Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset- oil and gas 360

Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset

Yahoo Finance Publisher’s Note: BP will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend.  CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. Total consideration for the

Oil falls on Beijing's COVID-19 warning, inflation worries-oil and gas 360

Oil falls on Beijing’s COVID-19 warning, inflation worries

CNBC Oil dropped Monday as a flare-up in Covid-19 cases in Beijing dented hopes of a Chinese demand rebound, while worries about more interest rate hikes to control rampant inflation added further pressure. Beijing’s most populous district Chaoyang announced three rounds of mass testing to quell a “ferocious” Covid-19 outbreak that emerged last week. Mass testing would take place until