Oil & Gas

Gazprom workers on the Yamal Peninsula in Russia. Bloomberg | Bloomberg | Getty Images Russia’s gas supplies to eastern Europe are looking highly uncertain after the country’s state-run gas giant Gazprom told Poland and Bulgaria that it would halt supplies. The move comes after both countries refused Moscow’s recent demand to pay for gas supplies
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Norwegian oil major Equinor and Applied Petroleum Technology (APT) have joined forces in a research project that aims to replace costly downhole sampling and logging with more cost-efficient solutions. The oil and gas industry’s drive to reduce both its cost level and climate gas emissions has resulted in continued pressure to reduce the cost and
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Oil dropped for the third week out of the last four with China facing a large consumption hit and the Federal Reserve signaling that it will aggressively tighten monetary policy to curb inflation.  West Texas Intermediate fell over $4 this week, settling near $102 a barrel after a volatile trading week. Fuel consumption in China,
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Oil extended losses after the International Monetary Fund downgraded its global growth forecast, intensifying market concerns of an economic slowdown in the wake of hawkish comments from U.S. Federal Reserve officials. West Texas Intermediate fell more than $5 to settle below $103 on Tuesday, the sharpest drop in more than a week. The IMF slashed
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As Europe suffers its worst energy crisis in a generation, French presidential candidate Marine Le Pen is proposing to subsidize consumption while further curtailing supply. The 53-year-old nationalist is narrowly trailing President Emmanuel Macron in polls ahead of the April 24 runoff election. She has campaigned for months on a promise to boost voters’ purchasing
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Almost half of the largest investor-owned utilities in the U.S. are actively pushing back against climate policy, slowing government efforts to combat global warming, according to a report by climate research group InfluenceMap. Eleven of the 25 biggest U.S. utilities are viewed by InfluenceMap as “obstructionist” to climate measures that are aligned to international commitments
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D3sign | Moment | Getty Images Inflation has hit levels not seen in 40 years and Americans’ wallets are feeling the strain. Prices are rising on everything from energy to food to shelter, costing the average American household an additional $327 per month, according to a Moody’s Analytics analysis. That’s higher than last month’s estimate
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