Energy

Germany’s Deutsche Bank, Commerzbank Assets Seized by Russian Court Over Gas Facility Contsruction Dispute

Two German banks in Russia had their assets seized by the court over a Baltic Sea gas project construction issue.


Gas Prices Are Predicted to Increase This Summer, With an Average of $3.70 per Gallon

Gas prices are expected to rise by about $0.10 per gallon this summer due to decreased refinery capacity and higher refining costs, with the average price projected to be around $3.70 per gallon...

Average Gas Price Hits $3.61 per Gallon and Will Keep Rising Despite Inflation Ease

Gasoline prices surged in April, driving up consumer prices, while overall inflation eased; the national average for gas stood at $3.61 per gallon on Wednesday, down $0.02 from the previous month but ..

Anglo American Announces Plans to Leave Diamond, Platinum, Coal Mining to Avoid BHP Acquisition Plans

Anglo American decided on abandoning its diamond, platinum, and coal operations in order to realign its operations on nickel and avoid acquisitions offered by BHP Group...


Latest News

Ali al-Naimi hopeful on stability of oil market
Saudi Arabia oil minister Ali al-Naimi said that stability in the oil market will be attained only through the cooperation amid major manufacturers and this would take time. Ali al-Naimi added that al
ANA and Japan Airline Eliminate Fuel Surcharge and Search for Alternative Fuel
As oil price continues to plunge, two Japan airlines:Air Nippon Airways (ANA) and Japan Airlines (JAL) decided to eliminate fuel surcharge. This will trim the airline tickets price substantially. Both
Michigan First US State To Welcome Gas Price At $0.77, Gas Tax Hike Likely
Michigan appears to be the first US state to enjoy gas at $0.77 a gallon. The states closer to the refineries or containing those, enjoy gas at a relatively cheaper price. In the blink of further oil
India to resume oil import as Tehran emerge from sanctions
With the lifting of international sanctions from Tehran, India would be able to recommence its unobstructed oil import from the Persian Gulf country. Iran is anticipated to boost its oil export of 1.1
Russian oil titans Rosneft OJSC, Lukoil PJSC differ in bond market despite low oil prices
Russia’s Rosneft OJSC is suffering more due to the below $30 crude oil prices than its privately owned counterpart Lukoil PJSC, which seems to be showing more resilience.
North Dakota oil riggers lower drilling activity as oil further slid
The lower oil prices are forcing rig operators to reduce their activity in North Dakota. The number oil rigs operational fell to 49 indicating the lowest since August 2009. The number of oil rigs is e
Itochu Partners with Kyudenko to Build 21 MW Solar Power Station in Japan’s Saga Prefecture
21MW Solar Power Station will be built in Saga Prefecture by two leading Japanese company. Solar power becoming an important national project since the country’s shift in policies after Fukushima in 2
YPF, American Energy Partners sign deals on shale gas
American Energy Partners and Argentina state-run energy company YPF have signed a partnership deal on developing the shale resources in the South American country. Argentina government is providing su
Brent Crude plunges below $30, Lowest Since 2004
Brent oil prices fell on Wednesday, dropping below $30 a barrel to touch $29.96 for the first time since April 2, 2004.
BP Plc to trim jobs in crude-oil production unit: Reports
UK-based Oil giant BP Plc plans to trim 4,000 jobs in its crude-oil production unit as crude oil price slump.
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