Oil prices rise as market monitors OPEC+ policy, geopolitical tensions
U.S. crude and the global benchmark have rallied about 20% and 16% this year.
The global gas glut could reach multi-decade highs in the coming years, Morgan Stanley says
A warmer-than-normal winter has dampened demand for heating and consequently gas in key LNG consuming countries.
March 2024
SLB to invest nearly $400 million in carbon capture company in push to scale technology
SLB is targeting $3 billion in revenue from its new energy business by the end of the decade, with carbon capture and storage expected to play a leading role.
Oil prices fall on U.S. crude stockpile increase
U.S. commercial crude stockpiles rose by 3.2 million barrels for the week ending March 22, according to the Energy Information Administration.
Oil holds steady as Ukraine drone strikes, Red Sea crisis cause disruptions
Crude oil futures held steady on Tuesday as the wars in Eastern Europe and the Middle East disrupt supplies.
A global gold rush for buried hydrogen is underway — as hype builds over its clean energy potential
A global gold rush is underway for a long-overlooked resource that advocates say could play a significant role in the shift away from fossil fuels.
Oil prices rise as Ukraine strikes Russian refineries
At least 10% of Russia’s refining capacity has been disrupted by the attacks, according to British intelligence.
Republican lawmakers say green transition ‘cheerleader’ IEA has strayed from mandate
The IEA stressed that its mandate remain maintaining energy security and accelerating clean energy transitions.
U.S. energy secretary tells skeptical executives natural gas export pause will be short lived
Oil and gas executives strongly pushed back against the U.S. pause on new LNG exports during the CERAWeek energy conference in Houston.
Red Sea crisis could lead to global tanker shortage, Kuwait Petroleum CEO says
Violence in the region threatens tanker shortages if conflict lasts another six months.