Oil prices experienced a second consecutive day of gains following Hurricane Francine’s impact on crude supply in the Gulf of Mexico. Brent crude increased to over $71 a barrel after…
Fuel Oil
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Abu Dhabi’s national oil company, ADNOC, is poised to present a formal $15.9 billion (14.4 billion euros) acquisition offer for Germany’s chemical giant Covestro. This potential deal, which includes debt,…
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Oil prices plummeted by over 4% today, hitting a three-year low as market sentiment weakened ahead of the U.S. Presidential debate between Donald Trump and Kamala Harris. Traders have reacted…
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Oil and gas production in the Gulf of Mexico faces potential disruption if the federal government fails to meet its deadline for revising a law that governs endangered species protection.…
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The Victorian Greens have condemned the Labor government for promoting fossil fuels during a climate emergency, as new plans for offshore gas projects and a reversal on banning gas cooktops…
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Despite a minor increase in bullish positions last week, portfolio managers have significantly reduced their long positions in oil futures over the past two months, driven by concerns about slowing…
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Punjab’s Cabinet, under the leadership of Chief Minister Bhagwant Mann, approved a rise in petrol and diesel prices by 61 paise and 92 paise per liter, respectively, on Thursday. This…
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Argentina has taken a significant step in enhancing its energy sector by passing the Basis Law, which includes the Incentive Regime for Large Investments (RIGI). This legislation aims to attract…
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Recently, the evolving energy transition has been discussed, a concept that gained prominence after the 1973 oil crisis and was championed by President Jimmy Carter. The transition represents the global…
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Oil stocks enjoyed a resurgence two years ago as investors capitalized on record industry profits driven by the European gas crisis and sanctions on Russia. However, recent assessments suggest this…