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U.S. Auto Supplier Shuts Plant on Lower EV Demand

Oil & Gas
October 22, 2025

An auto supplier that manufactures electrified propulsion systems, among others, has closed a factory in Detroit because of the drop in demand for electric vehicles.
In a statement cited…

Oil & Gas
June 30, 2026

Low $70s Not a Fair Price for Oil, Analyst Outlines

In report sent to Rigzone on Monday, Bjarne Schieldrop, Chief Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB), highlighted the “amazing[ly] easy move for Brent crude back down to pre-war…

Oil & Gas
June 30, 2026

Russia Adds New Vessel To Dark Fleet Amid Arctic 2 LNG Ramp Up

Arctic Express, a newly flagged Russian LNG tanker, has picked up a cargo of liquefied natural gas from a floating storage facility used by ‌Arctic LNG 2 project, marking the…