News

TC Energy’s recovery rates have been building over the past few days.

The U.S. Department of Energy’s Office of Petroleum Reserves has announced that it will start repurchasing crude oil for the Strategic Petroleum Reserve.

Exxon Mobil is avoiding hiring oil tankers that previously carried cargoes from Russia.

The move comes as the NSTA ‘cracks down on behavior that risks the industry’s drive to cut emissions and bolster the UK’s energy security’.

Oil tipped higher as investors weighed a pledge from China to revive consumption against broader low-risk sentiment.

Analyst company Wood Mackenzie has compiled ten predictions for energy developments in the year ahead.

Fears of a global economic slowdown pushed oil prices lower, outweighing news that the Biden administration will start buying crude to replenish strategic reserves.

Energy Secretary Jennifer Granholm extended an olive branch to the oil and gas industry.