Stocks recovered some lost ground on Wednesday as crude prices lifted oil companies, but rising COVID-19 cases in Europe, weaker economic sentiment in Germany and a bagful of U.S. data ahead of Thanksgiving were a focus for investors. The STOXX…
Continue ReadingOil prices consolidated their gains by more than 2%, during trading on Tuesday, with West NYMEX crude rising above $78 a barrel, with the United States announcing the withdrawal of its strategic stockpile. And crude prices fell by more than…
Continue ReadingThe supply chain costs of oil and gas projects in America are expected to increase in the coming years; That brings total capital expenditures close to $100 billion, according to a recent report. The engineering, procurement, construction and installation (EPCI)…
Continue ReadingOil prices turned lower today, Monday, with Brent crude back below $79, with prices under pressure due to the determination of many countries to free up oil reserves. Japan said it is considering freeing up oil reserves, with the worsening…
Continue ReadingThe rise in natural gas prices in many parts of Europe has led to a revival of coal power plants and reaped huge profits, in contrast to European climate policies, which is a setback for efforts to reduce carbon emissions.…
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