Steep Backwardation in European Diesel

Europe’s diesel markets are flashing signs of tightness, with near-term diesel contracts on Tuesday hitting the steepest backwardation–a situation where futures contracts for prompt delivery are more expensive than those…

G7 Weighing Tightening Russian Oil Price Cap

The Group of Seven is considering collectively tightening an oil price cap on Russian petroleum in an effort to cut Moscow’s oil revenues as the war in Ukraine rages on,…

  • Gas
  • February 19, 2025
Tokyo Gas enters Philippines LNG market

Tokyo Gas Co. has bought a 20% stake in FGEN LNG Corporation which owns and operates an offshore floating LNG terminal in Batangas City, Southern Luzon Island, in the Philippines.…

Pair of Large Quakes Rattle Texas Oil Patch, Putting Spotlight on Water Disposal

A magnitude 5.0 quake struck on Feb. 14, followed by a magnitude 4.7 temblor on Tuesday morning, both in Culberson County in West Texas, according to the United States Geological…

Chevron Staffers Absorb Long-Awaited Layoffs as CEO Pledges Accountability

By and Chevron plans to cut up to 20% of global workforce Executives say business has become overcomplicated, costs rising Some employees say layoffs were expected HOUSTON, Feb 18 (Reuters)…

Occidental to Divest Some Upstream Assets for $1.2 Billion

By Feb 18 (Reuters) – Occidental Petroleum (OXY.N) said on Tuesday that it had struck two deals in the current quarter to divest some upstream assets to undisclosed buyers for…

US NatGas Prices Jump 8% to 3-Week High as Cold Freezes Wells

(Reuters) – U.S. natural gas futures jumped about 8% on Tuesday to a three-week high, as extreme cold in some parts of the country cut output by freezing oil and…

Germany’s Power Prices Dip as Natural Gas Falls amid Ukraine Talks

Germany’s Power Prices Dip as Natural Gas Falls amid Ukraine Talks | OilPrice.com `; document.write(write_html); } Breaking News: ByCharles Kennedy– Feb 18, 2025, 10:30 AM CST Germany’s year-ahead power futures…

Nova Scotia bill proposes lifting uranium exploration ban

Wednesday, 19 February 2025 The province’s legislative chamber (Image: Nova Scotia Legislature) Repealing the legislated prohibition on uranium exploration and mining would allow for research to better understand opportunities for…

Czech Republic sees Korean links beyond Dukovany units

Wednesday, 19 February 2025 (Image: Czech Ministry of Trade and Industry) The minister met with the acting President and Prime Minister of South Korea, Choi Sang-mok, in Seoul on Tuesday…