Global flight activity passed pre-pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers. Aviation fuel, a product refined from crude oil, has been the single biggest contributor to oil’s post-pandemic bonanza, …
Jet Fuel Demand Growth Lags as Air Traffic Exceeds Pre-Pandemic Level Read More »
U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by 2 to 619 in the week to April 19. Despite …
U.S. Drillers Add Oil and Gas Rigs for First Time in Five Weeks – Baker Hughes Read More »
Venezuela’s oil exports to world markets will not stop, despite reimposed sanctions by Washington, and will likely continue to flow with the help of Iran—as well as China and Russia.
The oil and gas rig count, an early indicator of future output, rose by two to 619 in the week to April 19.
Strike Energy completed its 3D seismic acquisition of Ocean Hill on schedule and under budget, the company said.
The Federal Energy Regulatory Commission shot down opposition by environmental groups and states to stay TC Energy’s $75 million project.
Eversource Energy said it will provide service to Ørsted and remain contracted to lead the onshore construction of Sunrise following the closing of the transaction.
Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East.
Supply cuts by OPEC+, tensions in Ukraine and Gaza drive the increases.
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Yawen Chen (Reuters Breakingviews) – It is generally a good thing when a chief executive worries about his company’s share price. The danger is seeking superficial fixes. Ever since Shell CEO Wael Sawan took charge last year, he has made it his …
Shell’s Value Gap is More Strategy Than Geography Read More »
