Thursday, October 31, 2024
Oil dips as U.S. dollar soars; gasoline demand declines- oil and gas 360

Oil dips as U.S. dollar soars; gasoline demand declines

Reuters NEW YORK – Oil prices slid about 1per cent to a near two-week low on Wednesday as the U.S. dollar soared, the country’s gasoline demand declined and investors worried about a possible global recession. Trading was volatile, with prices jumping more than US$2 a barrel earlier in the session, on worries about a further Russian military mobilization and signs

Energy CEO hits at 'energy ignorance' driving current policy: 'Little hope of ending the crisis anytime soon'- oil and gas 360

Energy CEO hits at ‘energy ignorance’ driving current policy: ‘Little hope of ending the crisis anytime soon’

Fox Business The ongoing energy crisis was preceded by a decade of red flags that went mostly ignored and global plans to transition from conventional energy sources to renewable options failed to address key issues, according to a chief executive of the world’s largest oil producer. Addressing the Schlumberger Digital Forum 2022 in Switzerland, Aramco CEO Amin Nasser said a lower energy supply is

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