Economics/Statistics
News
September 30, 2021
China’s central government officials ordered the country’s top state-owned energy companies -- from coal to electricity and oil -- to secure supplies for this winter at all costs, according to people familiar with the matter.
News
September 30, 2021
Oil closed the month almost 10% higher after a tumultuous session where China was said to order its top energy companies to secure supplies at all costs, prompting the White House to reiterate its concern over rising prices.
News
September 29, 2021
America’s oil producers are boosting output at a slower place as record costs hammer the shale patch, according to a survey of industry executives.
News
September 28, 2021
OPEC sees oil demand continuing to grow to the middle of next decade, even as world leaders prepare for another attempt to avert catastrophic climate change.
News
September 28, 2021
European energy markets from natural gas to carbon permits jumped to records, signaling the supply shortage will get worse just as the winter season starts.
News
September 28, 2021
Oil’s latest upswing has come with a flurry of bullish price predictions from banks and traders, forecasts for surging demand this winter, and speculation that the industry isn’t investing enough to maintain supplies.
News
September 27, 2021
Investors placed more than $34 billion of orders for Abu Dhabi-based ADNOC Drilling Company PJSC’s $1.1 billion initial public offering, further underscoring the global clamor for equity deals.
News
September 27, 2021
The record spike in energy prices could hardly have come at a worse time for Europe’s ambitious new climate plan, with politicians just beginning to talk about how they’re going to implement the world’s most sweeping emissions-cutting strategy.
News
September 27, 2021
French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, sooner than it previously forecast, as more nations crack down on fossil fuels to fight global warming.
News
September 27, 2021
Oil rallied at the start of the week’s trading on signs that the crude market is tightening amid a global energy crunch, with Brent closing at its highest price in three years.
News
September 24, 2021
Senate Democrats are developing a carbon-tax proposal that could potentially be used to offset some of the costs of a sweeping social-spending bill as well as direct cash payments to households, according to a key lawmaker.
News
September 24, 2021
Oil held gains near the highest since 2018 amid a global energy crunch that’s set to increase demand for crude, while stockpiles are falling from the U.S. to China.
News
September 22, 2021
Oil may surge to $90 a barrel if the approaching winter in the northern hemisphere proves colder than normal, said Jeff Currie, global head of commodities research at Goldman Sachs Group Inc.
News
September 22, 2021
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a major developer’s debt woes.
News
September 22, 2021
As the global natural gas crunch hits suppliers and consumers alike, OPEC nations are warning of the knock-on impact for oil markets.
News
September 21, 2021
Aberdeen-based global well engineering and drilling project management firm Norwell Engineering has won a lucrative contract worth more than $30 million with ONGC, India’s national oil company.
News
September 21, 2021
Oil rose after a two-day decline with a selloff in global equities easing and some crude output still shut three weeks after Hurricane Ida hit the U.S.
News
September 21, 2021
Royal Dutch Shell Plc is proving it’s taking a different approach to the energy transition.
News
September 20, 2021
ConocoPhillips agreed to acquire Royal Dutch Shell Plc’s Permian Basin assets for $9.5 billion in cash, accelerating the consolidation of the largest U.S. oil patch.
News
September 20, 2021
Oil resumed declines amid growing concerns over the health of China’s economy that have triggered massive losses in equities.
News
September 20, 2021
European gas prices surged more than 10% as Russia is keeping its grip on the market, opting to cap additional flows to the continent.
