The 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.…
Continue ReadingOil prices turned down more than 3%, during trading on Friday, as Brent crude fell below $79, with the strength of the US currency. Crude's performance comes on the heels of the US' call for major oil consumers for a…
Continue ReadingOil prices turned higher on Thursday, with Brent crude rising above $80 again, after falling earlier in the session, with major oil consumers heading to release strategic reserves. Today, Thursday, China announced its intention to release reserves, in the wake…
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