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Hydraulic Fracturing: Risks and Management Hydraulic fracturing, a technique used in oil and gas production, has faced strong opposition from environmental groups in the several decades since the practice came into widespread use. Opponents of hydraulic fracturing assert that the process poses innumerable risks to the environment and human health—and have lobbied governments to impose …
The actions amount to further pullback by chief executive Jim Farley, who initially accelerated Ford’s shift to EVs Bloomberg News Ford Motor Co. is recalibrating its electrification strategy yet again, cancelling plans for a fully electric sport utility vehicle in a shift that may cost the carmaker around US$1.9 billion. In addition to scrapping an all-electric three-row SUV …
P-I-V-O-T: Ford Pulls Back Further fFom EVs With $1.9 Billion SUV Pivot Read More »
Summary Brent futures fall by $1.36/bbl, WTI drops $1.51 Benchmarks broadly unchanged on the week after volatile trade Data from China showed economy losing momentum, weak oil demand Gaza ceasefire talks paused, set to resume next week (Reuters) – Oil prices settled down nearly 2% on Friday, little changed on the week with Brent crude …
Oil Falls 2% to End Volatile Week, Focus on China Demand Concerns Read More »
(Reuters) – Oil prices ticked up on Thursday as optimism built that potential U.S. interest rate cuts will boost economic activity and fuel consumption, but concerns over slower global demand curbed gains. Brent crude futures were up 51 cents, or 0.6%, at $80.27 a barrel at 1107 GMT, recovering some of the previous day’s losses. …
Oil Prices Edge Up as Demand Concerns Duel With Rate Cut Optimism Read More »
(Reuters) – Oil prices were broadly steady on Wednesday, as concerns that conflict may spread in the Middle East and threaten production in one of the world’s major regions for crude production eased slightly. Brent crude futures slipped 10 cents, or 0.1%, to $80.59 a barrel by 1057 GMT. U.S. West Texas Intermediate crude futures …
Oil Holds Pricing as Fears over Middle East Ease Read More »
Summary Brent benchmark saw the biggest percentage gain this year US to send guided missile submarine to Middle East Wider war could lead to US embargos on Iranian crude: analyst (Reuters) – Oil prices jumped by more than 3% on Monday, rising for a fifth consecutive session on expectations of a widening Middle Eastern conflict …
Oil Prices Jump on Prospect of Widening Middle East War Shrinking Supply Read More »
Chevron has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. Its $5.7-billion project, called Anchor, ushers in an era of production from deepwater areas that had long been off-limits, because of the lack of equipment able to cope with …
Chevron Delivers Industry First in Ultra-High Pressure Oil Field Read More »
Market concerns about global growth may have been excessive this week as there is no evidence of an imminent U.S. recession, a co-founder of consultancy Energy Aspects said on Friday. “Overall, we do not believe the global economy is on the verge of a sudden downshift,” said Amrita Sen, director of research at Energy Aspects, …
No Evidence of Imminent U.S. Recession, Energy Aspects Says Read More »
(Reuters) – Oil prices settled higher on Friday and notched over 3.5% in weekly gains as positive economic data and signals from Fed policymakers that they could cut interest rates as early as September eased demand concerns, while fears of a widening Middle East conflict continue to raise supply risks. Brent crude futures settled 50 …
Oil Posts 3% Weekly Gains on Positive Economic Data, Rate Cut Hopes Read More »
(Reuters) – Oil prices held steady on Thursday after two sessions of gains, with growing supply risks in the Middle East offsetting demand concerns that had pushed prices to their lowest since early 2024 at the start of the week. Brent crude futures fell 8 cents, or 0.1%, to $78.25 a barrel by 1100 GMT. …
