Investors take note
The oil and gas industry is facing challenges in 2023, with falling earnings for most companies despite the relatively high price of oil at around $80 per barrel. Natural gas prices have fallen drama...
A 15-year contract
German energy company RWE has signed a contract with US firm Sempra Infrastructure to supply 2.25 million tonnes of liquefied natural gas (LNG) per year from the US. This was reported by DPA on Wednes...
Price declines
The retail price of gasoline at filling stations in the US fell nine cents a gallon (3.785 litres) over the week due to a temporary drop in demand. This is evidenced by data from the American Automobile Association, which tracks rates...
Stock market on Tuesday
US stock indices are falling in trading on Tuesday due to concerns about inflation and recession in the US.
The Dow Jones Industrial Average was down 1.97 per cent to 30485.49 points by 10:57 a.m.
The Standard Poor's 500 ha...
Record impairment
Exxon Mobil will write off a historic amount from its asset valuation of $17 billion to $20 billion, retaining more promising assets and reducing "less strategic" assets. The company is moving towards reducing c...
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