Focus on Oil
UK’s Petrofac says still grappling with challenging contracts, shares tumble
After a boom in orders due to high oil prices in 2022, Petrofac has been struggling with payment delays and cost overruns at...
Oil prices head back up on Middle East jitters
Crude futures up amid concern that Iran, the third-largest OPEC producer, might retaliate for a suspected Israeli warplane attack on Iran's embassy.
Hungary government puts pressure on fuel companies to cut prices
Hungary’s economy minister put pressure on fuel suppliers to cut prices closer to the central European average.
Cenovus Energy to invest $1.5 billion in Ohio refineries
(Reuters) -Cenovus Energy on Thursday said it plans to invest $1.5 billion in its Ohio refineries over the coming five years, including Lima...
Reconsider Enbridge Line 5 pipeline shutdown order: Biden administration
The Biden administration has urged a U.S. appeals court to tell a lower court to rethink its order that would require Canadian operator...
EU lawmakers adopt law to hit oil and gas imports with methane emissions limit
A new EU law will place methane emission limits on Europe's oil and gas imports from 2030, pressuring international suppliers to clamp down...
