Oil Down as Rate Hikes Rekindle Recession Fears
Oil’s three-day rally ended as policymakers made clear they would continue tightening economic reins in the fight against inflation, reigniting fears of a global slowdown.
Oil’s three-day rally ended as policymakers made clear they would continue tightening economic reins in the fight against inflation, reigniting fears of a global slowdown.
Eni SpA increased its planned share buyback this year to $1.7 billion due to stronger cash flow.
Oil fluctuated as traders weighed a larger-than-anticipated drop in US crude stockpiles against broader risk-off sentiment.
The European Commission launched a public-private alliance to increase investment in energy efficiency projects.
The Texas Railroad Commission revealed that the state set records for both oil and gas production in 2023.
KBR will provide the technology license, proprietary engineering design, and front end engineering design (FEED) support engineering services for the Holmaneset green ammonia plant.