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.
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.
'New Mexico is the first state to enable residents to get home-energy efficiency rebates at the point of sale'.
'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.
Tropical Storm Francine is set to become a hurricane Tuesday.
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.
Palantir's AIP software will assist BP to safely and reliably harness large language models (LLMs) to improve and accelerate human decision-making.
There is a 'huge opportunity to access resources in a more timely, clean, and cost-effective way'.
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.
'There are two major candidates in the race for the presidency, and both of them have a record'.
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.