Urgent moves to bring forward the construction of “energy islands” – giant new offshore renewable energy conversion and transmission plants – are being supported by a major new safety advisory and assurance study. SourceContinue Reading

West Texas Intermediate crude futures dropped as much as 10%, the most since March 9, while oil headed for its worst trading day in almost three months as recession fears iced markets, outweighing a fundamentally tight supply market. SourceContinue Reading

Sweden And Finland Move One Step Closer To Joining NATO | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Related News By RFE/RL staff – Jul 05, 2022, 1:30 PM CDT The 30...Continue Reading

Varel Energy Solutions (VES) announced it has acquired Sledgehammer Oil Tools, an international leader in the supply of oilfield casing, cementing and completion products. SourceContinue Reading

Oil Billionaire: There’s Only One Fix For Inflation | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 05, 2022, 1:00 PM CDT Oil billionaire and refiner John Catsmisatidis is speaking out against Biden’s handling of the gasoline price crisis. Catsmisatidis argues that...Continue Reading

UK Motorways Crippled By Fuel Price Protests | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Related News By ZeroHedge – Jul 05, 2022, 12:30 PM CDT British authorities warned drivers of “serious disruption” on Monday as protestors seeking relief from high fuel costs used “go-slow” convoys to...Continue Reading

WTI Drops Below $100 As Recession Fears Grow | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Jul 05, 2022, 12:00 PM CDT Despite serious supply problems in the market, oil prices crashed on Tuesday morning due to renewed recession fears...Continue Reading

Abu Dhabi National Energy Company PJSC (TAQA), one of the largest utilities in Europe Middle East and Africa, completed the strategic review of its oil and gas business announced in September 2021. SourceContinue Reading

Australia Extends Domestic Gas Security Deal Until 2030 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 05, 2022, 11:30 AM CDT Australia’s new government will extend the so-called domestic gas security mechanism until 2030 in a bid to ensure adequate gas supplies for the...Continue Reading

How Oil Prices Could Hit $65 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jul 05, 2022, 11:00 AM CDT A recession could demolish global fuel demand. According to Citigroup,...Continue Reading