Focus on Fuel
Mountain Valley Pipeline test failure due to manufacturer defect, not corrosion: report
A May rupture of the Mountain Valley Pipeline in Virginia was due to a manufacturer defect, not corrosion, a report says.
US oil, gas M&A nears 2023 record, focus shifts from Permian – Rystad
Oil megamergers and consolidations have cost $100bn so far this year with $46bn of further assets up for sale, according to analysis.
Coal generates less than 50% of Australian power for first time
Stormy weather helps push wind production up as Australia's usage of coal to create electricity drops below half.
Citi says oil prices could average $60/bbl in 2025 without cuts
If OPEC+ doesn't reduce production further, say analysts, oil prices could drop to $60 a barrel in 2025.
Putin to discuss gas supply contract with Serbian deputy PM
Russian gas already sent to Serbia but Putin will discuss supply contract with country's Deputy Prime Minister.
Marathon’s Detroit refinery workers to strike from Wednesday
Half of refinery workforce to strike in Detroit over pay and schedules, but Marathon says action won't impact operations.
Norway seeks to end climate injunction against three oilfields
Norwegian government hopes appeals court will lift injunction on developing fossil fuel projects after ruling was temporarily put on hold.
US gasoline slumps to near 3-year low on end of driving season, oil slump
U.S. gasoline futures dropped nearly 6% to a 2021 low, driven by the end of driving season and a broader oil market sell-off.
