ADNOC Set to Win EU Nod for $17 Billion Covestro Deal With Remedy Tweaks, Sources Say
By BRUSSELS, Oct 14 (Reuters) – Abu Dhabi state oil firm ADNOC is set to secure EU approval for its 14.7-billion-euro ($17 billion) bid for German chemicals company Covestro, with…
US Declines to Sign World Bank Directors’ Joint Statement on Climate Agenda
Summary Most World Bank directors signed the statement Statement calls for continuing 45% pledge for climate finance IMF, World Bank preparing for annual meetings next week (Reuters) – Nineteen of…
JPMorgan Says US Risks Missing Energy Goals Without Wind, Solar
By and The US will struggle to generate the energy it needs to power growth in its tech industry without including wind and solar, according to JPMorgan Chase & Co.’s…
US Oil Futures Backwardation Narrows to 20-Month Low on Mounting Fears of a Glut
Front-month U.S. crude oil futures ended Monday’s trading at their smallest premium since January 2024 over the seventh-month contract, as OPEC+ ramps up supply while seasonal refinery maintenance in the…
Oil Falls More Than 2% on US-China Trade Tensions and IEA Report
Summary Brent crude futures, WTI both fall 1.6% IEA raises its forecast for global oil supply growth this year IEA also lowers its demand growth forecast LONDON, Oct 14 (Reuters)…
Oil Executives See Market Rebalancing From Surplus in Medium-Term
(Reuters) – The global oil market will tighten in the medium to longer term, a range of oil industry executives said in London this week, maintaining optimism despite a near-term…
World Oil Market to See Huge Glut in 2026, IEA Says
Summary IEA expects global supply to rise by 3 million bpd in 2025 Trims demand growth forecast this year to 710,000 bpd Implied surplus to reach 4 million bpd in…
Airlines Face ‘Price Gouging’ by Green Jet Fuel Sellers, IATA Says
IATA Director General Willie Walsh looks on during an interview with Reuters in Dubai, United Arab Emirates, June 2, 2024 (Reuters) – Fuel suppliers are using European Union green jet…
Oil Recoups Some Losses After US-China Trade Tensions
Summary Brent and WTI rebound from 5-month lows China September crude imports rise 3.9% on year First Israeli hostages released from Gaza (Reuters) – Oil prices rose on Monday after…
Exxon Sees Tighter Oil Market in Medium-Long Term, CEO Says
He said that without investments in unconventional oil and gas fields, the annual decline rate could be as high as 15% each year. Get the Latest US Focused Energy News…
