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News

Oil Executives: Prices Don’t Reflect Tight Supply

Oil Executives: Prices Don’t Reflect Tight Supply

Sep 28, 2022 at 13:44 | Charles Kennedy

Oil and gas executives polled by the Dallas Fed in a survey released Wednesday fear recession and supply shortages, with optimism waning this quarter despite solid business activity.…

Oil Jumps 4% On Inventory Draw, Hurricane Outages

Oil Jumps 4% On Inventory Draw, Hurricane Outages

Sep 28, 2022 at 12:58 | Charles Kennedy

Oil prices surged on Wednesday, with Brent up over 3% and WTI up nearly 4% shortly after the Energy Information Administration (EIA) reported surprise draws in U.S. crude…

Dallas Fed Survey Sees Activity Increasing At Solid Pace In U.S. Oil And Gas

Dallas Fed Survey Sees Activity Increasing At Solid Pace In U.S. Oil And Gas

Sep 28, 2022 at 12:05 | Alex Kimani

Despite falling oil prices, a Dallas Fed report surveying oil and gas executives shows activity in the oil and gas sector expanded at…

Biden To U.S. Oil Industry: Don't Use Hurricane As Excuse For Price Gouging

Biden To U.S. Oil Industry: Don't Use Hurricane As Excuse For Price Gouging

Sep 28, 2022 at 10:52 | Julian Lowe

Doubling down on the current U.S. administration's previous warnings to oil and gas companies to discontinue what it considers to be their price-gouging ways, President Biden cautioned U.S. oil and…

Russian Analysts Claim Nord Stream 2 Could Still Export Some Gas To Europe

Russian Analysts Claim Nord Stream 2 Could Still Export Some Gas To Europe

Sep 28, 2022 at 08:33 | Charles Kennedy

One of the four lines of the Russian Nord Stream 1 and 2 pipelines could still be able to ship gas to Europe if Nord Stream 2 receives all necessary…

UK Debt Rates Surge As Pound Plunges Against The Dollar

UK Debt Rates Surge As Pound Plunges Against The Dollar

Sep 28, 2022 at 08:01 | City A.M

Rates on UK debt surged higher today and the pound trailed the US dollar again driven by investors sweating over the government’s tax and borrowing splurge.

Germany Suggests Nord Stream Pipelines May Be Offline Forever

Germany Suggests Nord Stream Pipelines May Be Offline Forever

Sep 28, 2022 at 07:45 | Tsvetana Paraskova

Germany’s security authorities assume that the Nord Stream 1 and 2 pipelines may be offline forever in what many suspect could have been sabotage on the pipes earlier…

Iran Oil Workers Threaten To Strike If Government Doesn’t End Crackdown

Iran Oil Workers Threaten To Strike If Government Doesn’t End Crackdown

Sep 28, 2022 at 07:45 | RFE/RL staff

Iranian oil industry contract workers have warned the government to end its crackdown on protesters or they will strike, a move that could cripple a…

Exxon Limits Fuel Supply In France As Strikes Shut Down Refineries

Exxon Limits Fuel Supply In France As Strikes Shut Down Refineries

Sep 28, 2022 at 07:39 | Tsvetana Paraskova

ExxonMobil is temporarily limiting the supply of refined petroleum products to its customers in France after strikes at its refineries over pay forced the U.S. supermajor to shut down its…

Baltic Natural Gas Pipeline Opens, Reducing Europe’s Dependence On Russia

Baltic Natural Gas Pipeline Opens, Reducing Europe’s Dependence On Russia

Sep 28, 2022 at 02:57 | Tsvetana Paraskova

The Baltic Pipe natural gas pipeline from Norway to Poland via Denmark and the Baltic Sea was inaugurated on Tuesday by the leaders of the three countries, who hailed…

Bad News For Oil Prices As Economists Predict Aggressive Action From The Fed

Bad News For Oil Prices As Economists Predict Aggressive Action From The Fed

Sep 28, 2022 at 01:30 | Irina Slav

Interest rate hikes by the Federal Reserve as it struggles to rein in inflation have spurred expectations of a recession and the related negative implications for oil prices. Now, economists…

Gasoline Draw Sends Oil Prices Higher

Gasoline Draw Sends Oil Prices Higher

Sep 27, 2022 at 16:31 | Julianne Geiger

The American Petroleum Institute (API) reported a build this week for crude oil of 4.150 million barrels, while analysts predicted a build of 333,000 barrels. According to API data, U.S. crude inventories have…

Norway, Germany, Brace For Insecurity After Nordstream Explosions

Norway, Germany, Brace For Insecurity After Nordstream Explosions

Sep 27, 2022 at 13:31 | Julianne Geiger

Norway will beef up its security at its oil and gas installations after three explosions rocked the Nordstream 1 & 2 pipelines, the country’s oil and energy minister said on…

Goldman Sachs Drops Oil Price Forecast

Goldman Sachs Drops Oil Price Forecast

Sep 27, 2022 at 11:25 | Julianne Geiger

Goldman Sachs cut its oil price forecast on Tuesday on the deteriorating global economic outlook—although it remained bullish on oil. Goldman said it remained bullish, anticipating that oil prices would…

EU Plans TO Impose Sanctions On Organizers Of

EU Plans TO Impose Sanctions On Organizers Of "illegal" Referendums In Ukraine

Sep 27, 2022 at 09:46 | RFE/RL staff

The European Union plans to follow suit with the United Kingdom and others and impose sanctions on the organizers of "illegal, illegitimate referendums" that are being conducted in…

Half Of France’s Refinery Capacity Goes Offline As Worker Strike

Half Of France’s Refinery Capacity Goes Offline As Worker Strike

Sep 27, 2022 at 08:37 | Michael Kern

Strikes at several refineries across France have left half of its refineries offline or without sending out fuels, as refinery workers stepped up industrial actions over pay disputes…

Nikola Is Recalling Every Electric Truck It Has Ever Built

Nikola Is Recalling Every Electric Truck It Has Ever Built

Sep 27, 2022 at 07:28 | ZeroHedge

Nikola Corp. is recalling all 93 battery-electric Nikola Tre Class 8 trucks it has built to date because improper installation of the shoulder anchorage assembly of the seat…

Democrats Propose Buying And Selling Oil To Fund EV Rollout

Democrats Propose Buying And Selling Oil To Fund EV Rollout

Sep 27, 2022 at 07:24 | Charles Kennedy

Several Democratic Representatives have proposed new legislation that would allow the Department of Energy to buy and sell oil with the purpose of lowering gasoline prices and funding electric vehicle…

UK Regulator Demands Energy Firms Improve Support For Vulnerable Customers

UK Regulator Demands Energy Firms Improve Support For Vulnerable Customers

Sep 27, 2022 at 07:06 | City A.M

According to Ofgem, three UK energy firms have severe weaknesses in how they support customers in payment difficulties. The regulator has demanded Scottish Power, Tru Energy…

Sabotage Suspected At Russia’s Nord Stream Gas Pipelines

Sabotage Suspected At Russia’s Nord Stream Gas Pipelines

Sep 27, 2022 at 07:01 | Tsvetana Paraskova

Danish and Swedish authorities are investigating unexplained leaks of gas in the sea from both Nord Stream 1 and Nord Stream 2 pipelines from Russia to Germany—leaks that Germany suspects…

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