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Russia’s oil output hits post-Soviet high despite OPEC+ deal
Russia’s crude oil and condensate output hit a post-Soviet high last year even as it curbed production under an agreement with OPEC. Source: FuelFix
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Oil set for strongest year since 2016 on OPEC cuts, trade truce
Oil in New York headed for its biggest annual increase since 2016, as OPEC’s production cuts tempered supplies while a trade pact between the U.S. and China buoyed the outlook for demand. Source: FuelFix
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Giant Israel gas field brings energy security, health fears
A decade after its discovery was lauded as a guarantor of Israel’s energy security, the giant Leviathan natural-gas field started production Tuesday. But instead of anticipating a coal-free future, residents living near the gas platform...
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McDermott stock plummets amid rumored bankruptcy talks
Rumors that Houston oilfield service company McDermott International is engaged in bankruptcy talks with lenders sent the company’s stock price plummeting by as much as two-thirds of its value after the close of market on...
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