Why Oil Prices Look Strong on Paper but Soft in Reality
Oil markets are struggling to reconcile geopolitics with fundamentals as headlines push prices one way while physical signals…
Crude Traders Split on Whether the Glut Has Arrived
Predictions of an oil glut have dominated oil market reporting for months. Bloomberg this week suggested the first…
Russian Air Barrage Targets Ukraine, Damaging Gas
(Bloomberg) — Russia launched a massive airstrike at targets across Ukraine overnight, including at energy facilities, killing at…
Czech Billionaire Kicks Off Talks With Far-Right After
(Bloomberg) — Czech billionaire Andrej Babis turned to forming a governing majority a day after winning a resounding…
European Parliament Seeks Faster Phaseout of Russia Oil, Gas
(Bloomberg) — The European Parliament is considering accelerating a phaseout of Russian oil and gas imports in a…
Inside JPMorgan’s Investment Bank, Nuclear Hype Raises
(Bloomberg) — Inside the investment banking division of JPMorgan Chase & Co., there’s concern that enthusiasm for nuclear…
Nigeria Lost About 16% of Oil Output During 3-Day Dangote
(Bloomberg) — Nigeria suffered significant crude and gas production losses after a three-day oil workers’ strike that threatened…
Buyout Bets for $34 Billion Czech Utility Face Election Test
(Bloomberg) — Investors are snapping up shares in the Czech Republic’s biggest power utility, betting a potential win…
Imperial Oil to Cut 20% of Workforce as Crude Prices Drop
(Bloomberg) — Imperial Oil Ltd. plans to trim its workforce by about 20% by the end of 2027…
Total Pressured on Payouts, Green Strategy After Debts
(Bloomberg) — TotalEnergies SE is under mounting pressure to show it can sustain payouts and deliver returns from…
Supertanker Rates Hit Three-Year High on Rising Crude Flows
Rising crude supply from OPEC+ and South America and a marked increase in longer-haul routes have hiked freight…
‘Brazen Display Of Lawlessness,’ Dangote Refinery Slams PENGASSAN Over Planned Shutdown Of Crude Supply • Channels Television
The Dangote Petroleum Refinery has condemned the plan by the Petroleum and Natural Gas Senior Staff Association…