Via Metal Miner Difficult market conditions have prompted Romanian steel industry leader ArcelorMittal Hunedoara to reduce production until year’s end. According to a notice provided to the Bucharest Stock Exchange, the longs producer’s board of directors decided to reduce production from December 9-31 and pay 75% of salaries to employees impacted by the steps....Continue Reading
Data Centers Are Eating the Grid Alive | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Dec 20, 2024, 12:30 PM CST The future of data centers is about to make a...Continue Reading
The total number of active drilling rigs for oil and gas in the United States stayed the same again this week, according to new data that Baker Hughes published on Friday, after seeing no change in the week prior. The total rig count remained flat at 589 total rigs, according to Baker Hughes, down 31...Continue Reading
The Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing a decline in upstream employment in Texas in the month of November following five months of consecutive growth. SourceContinue Reading
It’s happened again. The Druzhba pipeline—Russia’s aging oil lifeline to Europe—has gone silent, leaving Hungary, Slovakia, and the Czech Republic without their usual crude oil fix. According to sources, the culprit is a “technical issue” at a Russian pumping station in the Bryansk region. Transneft, the pipeline’s operator, has yet to speak on the issue,...Continue Reading
EU Ready to Discuss Closer Energy Ties with US under Trump | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 20, 2024, 10:30 AM CST The European Union is prepared to discuss with U.S. President-elect Trump boosting economic ties, including in the energy sector, an...Continue Reading
The annual average natural gas demand at U.S. LNG export plants is on track to inch down this year for the first decline since America began exporting LNG in 2016, according to data from LSEG cited by Reuters. Outages at some LNG facilities and delays to the construction of new plants are likely to slightly...Continue Reading
Turkey Gets Waiver to Pay for Russian Gas via Sanctioned Gazprombank | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 20, 2024, 9:30 AM CST Turkey has obtained a waiver from the United States to pay for natural gas to Russia via the now-sanctioned Russian...Continue Reading
Iran’s Floating Oil Storage Jumps Amid Tighter Sanctions | 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 Related News By Tsvetana Paraskova – Dec 20, 2024, 8:30 AM CST Iran’s oil is increasingly finding its way into...Continue Reading
By Editorial Dept – Dec 20, 2024, 8:30 AM CST Turkey has mediated a deal between Ethiopia and Somalia to grant the former access to the Red Sea and the Indian Ocean, ending a year-long dispute that threatened to spark a regional conflict. But the new deal voids an earlier deal with Somalia’s breakaway region...Continue Reading
