Oil Price Russia became the biggest supplier of natural gas to Europe last month, for the first time since 2022, replacing the United States at the top spot. “It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, and all the efforts made to decouple and
Oil Price Since 2008, the shale boom has grown U.S. oil production by about 9 million barrels per day. In the early days of the shale boom, when it wasn’t clear whether this development would have a significant impact, it was largely ignored by OPEC. By late 2014, as U.S. oil production growth was approaching 5 million BPD, OPEC decided
World Oil (Bloomberg) – An Argentinian oil union said it will hold a 48-hour strike to demand higher salaries, potentially affecting production at the Vaca Muerta shale patch. The boycott is set to begin at 8 a.m. local time Tuesday, the workers said in a post on X on Saturday. There has been “no concrete progress” on salary negotiations, the
Oil Price The United States is likely 10 to 15 years behind China in deploying fourth-generation nuclear reactors at scale, as Chinese authorities are strongly backing the domestic industry with policies and financing, a new report by Washington-based research institute Information Technology & Innovation Foundation showed on Monday. China supports its domestic nuclear power development with extensive financing at low rates from
U.S. News LONDON – Oil edged higher on Monday as hopes for a boost to demand from the summer driving season in the northern hemisphere offset Chinese data that underscored a bumpy recovery for the world’s biggest crude importer. Apart from retail sales that beat forecasts due to a holiday boost, the flurry of Chinese data on Monday was largely
Summit Advances Planned Conversion to C-Corporation to Facilitate Growth and Value Creation …
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