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Europe

U.K. Petrol Pump Prices Soar To Record High

100% Left coverage: 3 sources
The average UK gasoline price at the pump surged to a fresh record on Monday, read ahead to know more.See the Story
Jair Bolsonaro

Petrobras shares fall after Bolsonaro fires its boss

100% Center coverage: 1 sources
President Jair Bolsonaro dismissed Petrobras CEO Jose Mauro Coelho on Monday. The move follows a tug-of-war over rising fuel prices, which are set by the company. Fuel prices in Brazil have risen more than 33% in the past year, according to official figures.See the Story
Oil and Gas Sector

At $6.09 a gallon, Los Angeles pays record gas price over US average

100% Left coverage: 1 sources
The amount they pay over the national average soared to more than $1.80 a gallon in late March. The Auto Club of Southern California predicts 2.6 million local residents will take to the highways this Memorial Day weekend. The cause for the spike in prices earlier this year was refinery outages, says Patrick De Haan, head of petroleum analysis at GasBuddy.See the Story
Asia · Saudi Arabia

Saudi Arabia can do nothing more to tame oil markets

Prince Faisal bin Farhan was speaking on a panel at the World Economic Forum in Davos, Switzerland. Oil prices have climbed almost 70% in the past year to around $110 a barrel. The Organization of Petroleum Exporting Countries and its partners are raising daily crude production by around 430,000 barrels each month.See the Story
Oil and Gas Sector

Oil Rose Slightly as US Stockpiles Fell Slowly

West Texas Intermediate futures gained 56 cents to regain $110 a barrel Wednesday. Crude inventories fell both nationally and at the storage hub in Cushing. Gulf Coast refiners pushed runs to their highest level since January 2020. US is leading a co-ordinated release of global crude reserves in an effort to tame rising energy prices.See the Story
Oil and Gas Sector

World's Oil Growth Engine Is About to Slow

U.S. oil output this year is expected to expand by less than half the amount it did in 2018. The US will add about 900,000 barrels a day of oil production this year, according to the average of five major forecasters. This year's growth was planned before Russia's invasion of Ukraine.See the Story
Republican Party

Anti-Woke Texas Oil Regulator Fends Off GOP Rival

Texas Railroad Commission Chairman Wayne Christian will now face Democrat Luke Warford, along with Green and Libertarian contenders, in the November general election. See the Story
Oil and Gas Sector

Equinor Makes New Oil Find Near Johan Castberg

Equinor announced Wednesday that it has made a new oil discovery in Sn�fonn Nord at exploration well 7220/8-2 S. The discovery is by the Johan Castberg field in the Barents Sea in production license 532. Based on preliminary estimates, the size of the discovery is between 25 and 50 million barrels of recoverable oil equivalent.See the Story
Oil and Gas Sector · Romania

Romania May Accelerate Deepwater Gas Drilling

Romania may accelerate its first deepwater natural gas prospect amid a shortage of the fossil fuel in Europe. The prospect holds an estimated 100 billion cubic meters of gas, roughly equal to Norway's annual output. European natural gas prices have more than tripled in the past 12 months amid concerns over Russian supplies.See the Story

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