Gas markets are becoming ‘extremely difficult’ to predict. It’s a big problem for Europe this winter
As Europe races to prepare for another winter heating season, energy analysts have warned volatile markets could send prices sharply higher.
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Western sanctions on Russia could push the BRICS alliance closer
Sanctions imposed by the West on Russia are pushing the BRICS nations closer, said executives at the recent annual APPEC conference.
Western sanctions on Russia could push the BRICS alliance closer Read More »
European gas prices jump 10% as strikes get underway at major LNG facilities in Australia
European gas prices moved sharply higher on Friday as workers at Australian natural gas facilities went on strike.
These are Wall Street’s favorite energy stocks as oil rallies
CNBC Pro searched for energy companies in the S&P 500 that not only stand to benefit from the recent jump in oil prices but that are also loved by analysts.
These are Wall Street’s favorite energy stocks as oil rallies Read More »
Airlines warn about spike in fuel costs, Southwest narrows revenue outlook
Airlines like Southwest, Alaska and United are paying more for jet-fuel this summer.
Airlines warn about spike in fuel costs, Southwest narrows revenue outlook Read More »
India importing Russian oil is a ‘win-win’ for the world economy, says India’s No. 1 oil company
India’s imports of Russian crude is a win-win for the global economy, said Oil and Natural Gas Corporation Ltd (ONGC), India’s No. 1 oil company.
An escalating dispute at major gas facilities in Australia could drive up European prices
The looming threat of strikes at Australian natural gas facilities will keep global gas markets on tenterhooks, energy analysts told CNBC.
Saudi Arabia to extend voluntary cut of 1 million barrels per day until the end of the year
Riyadh first applied the 1 million-barrels-per-day reduction in July.
Germany is the ‘sick man of Europe’ — and it’s causing a shift to the right, top economist says
Germany is once again the sick man of Europe, economist Hans-Werner Sinn told CNBC, and he said the shift could cause a rise in right-wing politics.
Oil giant led by COP28 boss forecast to spend over $1 billion a month on fossil fuels this decade
The research comes ahead of the COP28 climate summit, with Dubai set to host the U.N.’s annual conference from Nov. 30 through to Dec. 12.
