Oil Climbs to 2-Week High on Fed Rate-Cut Signals, Supply Concerns

By US central bank expected to cut rates next week Russia-Ukraine talks stall, affecting oil supply outlook OPEC+ production steady, geopolitical tensions influence prices NEW YORK, Dec 5 (Reuters) –…

US Drillers Add Rigs for Fourth Time in Five Weeks, Says Baker Hughes

(Reuters) – U.S. energy firms this week added drilling rigs for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday.…

Heavy Crude Prices Could Surge as U.S.-Venezuela Tensions Escalate

A loss of Venezuelan oil production in case of a U.S. military intervention will materially impact global benchmark prices as the market will have to replace Venezuela’s heavy crude—the bulk…

Equinor Makes Two Large Gas Discoveries in Norway’s North Sea

Equinor announced on Friday two gas and condensate discoveries in the Norwegian part of the North Sea in its largest discoveries so far this year that can be developed through…

Cargill and Uzbekneftegaz Ink Deal to Boost Central Asian Energy Security

Uzbekistan’s state oil and gas firm Uzbekneftegaz has signed a cooperation agreement with U.S. corporation Cargill, under which the parties will look to attract up to $5 billion in energy…

Oil Prices Hold Steady Due to Stalled Ukraine Peace Talks and Supply Outlook

(Reuters) – Oil prices were steady on Friday, supported by stalled Ukraine peace talks, though gains were offset by expectations of a supply glut. Brent crude was down 7 cents,…

TC Energy Boss Advises U.S. on Speeding Along Oil and Gas Infrastructure

A Canadian pipeline boss led a new report advising the Trump administration on how to more quickly build new oil and gas infrastructure in the United States amid a push…

Chevron Moves Ahead With $2 Billion Expansion at Gorgon LNG

Chevron and its partners in the Gorgon LNG facility offshore Australia have approved a $2-billion expansion project that would involve drilling six new wells and connecting new reserves to existing…

India Braces for a Steel Export Slump as Europe’s Carbon Tariff Takes Hold

A carbon tax on imports that kicks in next month for the European Union will lead to a slump in Indian exports of steel to the bloc, forcing producers to…

India Considers Expanding Coal Power Fleet by 2047

India’s authorities are considering a significant boost to coal-fired power plant capacity beyond the current 2035 peak coal expansion date and could continue building coal plants until at least 2047,…