G7 Weighing Tightening Russian Oil Price Cap | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 18, 2025, 12:30 PM CST The Group of Seven is considering collectively tightening an oil price cap on Russian petroleum in an effort to cut Moscow’s oil revenues as...Continue Reading
Proposals by Tata Steel to build a £1.25bn electric furnace in Port Talbot have been given the go-ahead by a local council. Neath Port Talbot Council’s planning committee on Tuesday approved what amounts to one of the most significant investments made in the UK steel industry in decades. The electric furnace will replace two traditional...Continue Reading
Steep Backwardation in European Diesel | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 18, 2025, 11:30 AM CST Europe’s diesel markets are flashing signs of tightness, with near-term diesel contracts on Tuesday hitting the steepest backwardation–a situation where futures contracts for prompt delivery are...Continue Reading
Top U.S. and Russian officials have finished their first talks on ending the war in Ukraine, with Moscow voicing new demands for holding sweeping talks about bringing the nearly three-year conflict to an end. The nearly five-hour meeting in Riyadh is part of a major diplomatic push by the United States to bring the war...Continue Reading
Mozambique stands out as a key player in natural gas production and plays a crucial role in Africa’s agenda to expand electricity access and clean cooking solutions, according to NJ Ayuk, Executive Chairman of the African Energy Chamber. SourceContinue Reading
Germany’s Power Prices Dip as Natural Gas Falls amid Ukraine Talks | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 18, 2025, 10:30 AM CST Germany’s year-ahead power futures prices fell this week to the lowest level since the beginning of the year amid falling...Continue Reading
Drone Attack Boosts Oil Prices but Upside Remains Limited | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Premium Content By Michael Kern – Feb 18, 2025, 10:00 AM CST Oil prices climbed on Tuesday morning following a drone attack on a key Russian oil pipeline. At...Continue Reading
Brazil’s Government Divided on Nuclear Plant 40 Years Under Construction | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 18, 2025, 9:30 AM CST The government of Brazil is debating whether the country should complete the construction of a nuclear power plant that has been...Continue Reading
Iraq Eyes Qatari LNG Imports as It Reduces Reliance on Iran | OilPrice.com Cyril Widdershoven Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently he works as Director of Energy Security and Supply Chains, at Strategy… More Info Premium Content By Cyril Widdershoven – Feb 18, 2025, 9:15 AM CST Iraq...Continue Reading
Diamondback Energy has entered into a definitive agreement to acquire Double Eagle, significantly expanding its acreage and presence in the Permian basin. The deal holds a value of approximately $4.08 billion, with Diamondback offering up 6.9 million shares of common stock and $3 billion cash in exchange for Double Eagle’s assets. SourceContinue Reading
