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June Natural Gas Under Pressure Early as Traders Await Latest EIA Print

This post was originally published on this siteNatural gas futures were down slightly in early trading Thursday as the market awaited the latest round of government inventory data, expected to show a larger-than-average shoulder season build. The June Nymex contract was off 2.3 cents to $2.282/MMBtu at around 8:45 a.m. ET. As the May contract […]

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Honeywell to acquire Compressor Controls for $670m

This post was originally published on this siteAmerican industrial conglomerate Honeywell has agreed to purchase Compressor Controls, a provider of turbomachinery control and optimization solutions, in an all-cash deal valued at $670m. Compressor Controls has been acquired from Indicor, which is owned by funds affiliated with Clayton, Dubilier & Rice, and Roper Technologies. The acquired

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Russian vice-president claims OPEC+ needs no further cuts

This post was originally published on this siteRussian vice-president Alexander Novak said on Thursday that the Organization of Petroleum Exporting Countries (OPEC+) needs no further production cuts despite falling oil prices. The statement came after Novak told an event in Moscow on Wednesday that OPEC+ remains an “efficient tool” for the coordination of global oil

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