Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link
Production cuts made by OPEC and its allies have pushed crude oil to 10-month highs. Source link
More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings. Source link
What to Read Next Source link
America faces a familiar foe in its fight against inflation, with crude prices up more than 18% over the past month.…
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping…
Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year…
With a glut from the warm winter, the power-generation fuel costs 60% less than last summer. Source link
Smaller fracking companies are feeling the pinch of inflation, lower oil and gas prices, and fewer prime drilling spots. Source…
China’s economy is having a rough summer, but the country is churning out record amounts of diesel and importing vast…