Crude Tumbles Amid Supply Glut and Demand Fears
Brent futures fell below $70 a barrel for the first time since 2021, driven by robust supplies, weak demand from the US and China, and speculative selling, leading to a bearish shift in oil futures.
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New Mexico Rolls Out Home Electrification, Appliance Rebates Program
'New Mexico is the first state to enable residents to get home-energy efficiency rebates at the point of sale'.
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Crude Continues Crisis of Confidence
'Without an incremental catalyst to shift sentiment, crude remains for sale from the systematic community', Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York, told Rigzone.
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Tropical Storm Francine Churns Toward Louisiana as Path Shifts
Tropical Storm Francine is set to become a hurricane Tuesday.
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Pembina Gas to Acquire Veren's Oil Batteries in Alberta
PGI will acquire four batteries in the Gold Creek and Karr areas, which include natural gas handling capacity of 320 million cubic feet per day and liquids handling capacity of 53,000 barrels per day.
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BP Taps Palantir for New AI Capabilities
Palantir's AIP software will assist BP to safely and reliably harness large language models (LLMs) to improve and accelerate human decision-making.
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Well Intervention Opportunities Abound in UKCS: Report
There is a 'huge opportunity to access resources in a more timely, clean, and cost-effective way'.
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ORLEN Secures Access to LNG Station in Lithuania
ORLEN has entered into a five-year exclusive agreement with Lithuania's KN Energies granting it sole access to a small-scale LNG reloading wharf station in Klaipeda.
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AEA Endorses Trump for President
'There are two major candidates in the race for the presidency, and both of them have a record'.
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QatarEnergy Raises LNG Ships on Order to 128
QatarEnergy contracted a Chinese state-owned shipbuilder for six more LNG carriers, bringing the number of LNG vessels put on order by the Gulf state to 128.