BofA: Oil Prices Could Jump on Coming Short Covering

Trend-following commodity trading advisors (CTAs) could soon begin covering their significant short positions in oil, driving prices higher, according to Bank of America analysts cited by Investing.com. The sudden buying…

Kenya Plans to Launch Crude Oil Exports in 2026

Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset…

  • Gas
  • June 9, 2025
Anaergia takes next step to build biogas facility in South Korea

The Singapore-based subsidiary of Canadian green energy company Anaergia has signed a conditional contract to design and build a biogas facility on Jeju Island, South Korea. The agreement, announced today…

  • Gas
  • June 9, 2025
Anaergia takes next step to build biogas facility in South Korea

The Singapore-based subsidiary of Canadian green energy company Anaergia has signed a conditional contract to design and build a biogas facility on Jeju Island, South Korea. The agreement, announced today…

Sunnova Files for Bankruptcy on Residential Solar Woes

By Reuters (Reuters) – Sunnova Energy said on Sunday it had filed for Chapter 11 bankruptcy protection in the United States, as the residential solar panel installer buckled under the pressure…

Chevron CEO Warned Staff of Rising Safety Issues Before Fatal Angola Platform Fire

Summary CEO warns of ‘a concerning increase in serious near-misses’ in internal video Tells staff to double down on safety regardless of challenges Chevron laying off up to 20% of…

Baker Hughes to Sell Sensor Unit to Crane for $1.15 Billion

June 9 (Reuters) – Baker Hughes  said on Monday it will sell its precision sensors and instrumentation (PSI) product line to aerospace and defense parts manufacturer Crane  for $1.15 billion, as the…

California Fuel Imports Hit 4-Year High Amid Refinery Outages

“California’s refining capacity is shrinking faster than its fuel demand is declining, forcing the state into a long-term import-dependent position,” Kpler analyst Sumit Ritolia said. California’s total petroleum product imports…

BP Puts AI at the Heart of Its Efforts to Boost Performance

By When engineers prepare to drill for oil, they know the spot deep underground where the well must end and can choose their starting point, but there are many possible…

China’s Exports of Rare Earths Jump Despite Shipment Controls

Despite export controls and curbs on some rare earth elements, China’s overall rare earth exports jumped by 23% in May compared to April, Chinese customs data showed on Monday. The…