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

Oil price decline makes gasoline less expensive
Gas becomes less expensive because the bottom has fallen out on oil prices. Crude is responsible for almost half the cost of a gallon of gas, as reported by CNN Money. Since June, prices have been pl
$40 Oil Price and its Impact on U.S Economy
Commodities such as oil is slowly declining following the Black Monday selling pressure on 24th August raising concern among investors regarding current world economics. China stock took a plunge and
Canada slides into recession as oil prices dip
Slumping oil prices take its toll on the Canadian economy. Canada is now officially in a recession for the first time in six years, as crude prices plummet due to supply glut and falling global demand
Athens goes for gas grid privatization
The crisis-hit European nation Greece is heading towards privatization of its energy sector. The country is also in favor of reforms in several sectors to give a new life to the ailing economy.
Oil price up 27% in just 3 sessions; OPEC agrees on a fair price deal
The oil price surged to one-month high at $47.31 a barrel on New York Mercantile Exchange (NYME). Oil futures reached $48.09 indicating its highest since 31 July. The rebound in oil prices was mainly
Italian oil explorer Eni discovers 'supergiant' gas field off Egyptian coast
It appears that a supergiant gas field was recently discovered in an Egyptian coast by an Italian oil group called 'Eni'. According to a recent report by Telegraph, "a supergiant gas field holding the
The reason Saudi Arabia won't hold off oil production
It has been nine months since OPEC made a choice to abandon its production target unalterable and pursue market share rather than trying to prop up prices, the group is now faced with a set of complic
Oil price gets below $39 for first time since 2009, China economic slowdown to blame?
When oil prices went below $42 per barrel, there were analysts that predicted it might even go as low as $15. It seems like this may soon happen as oil price continues to down, presently at $39.
US energy stocks slip as oil price drop continues to 6-year low
The oil price in the global market continued to skid further on Wednesday touching a new low since March 2009 while crude inventories in the US are increasing.
Feds give Shell go signal to drill for oil in Arctic Ocean off Alaska
The US government has finally given Royal Dutch Shell permission to pursue their oil exploration in the Arctic Ocean near Alaska. For more than 20 years, exploratory drilling allowed in the northwest
Real Time Analytics