NEWS

Europe's gas crisis set to deepen after winter drains reserves

A gas burner is pictured on a cooker in a private home in Bordeaux
Europe may limp through the cold winter months with the help of brimming natural gas tanks despite a plunge in deliveries from former top supplier Russia only to enter a deeper energy crisis next year, the head of the International Energy Agency said.
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The Exxon Mobil Corp building is pictured in Georgetown

Exxon signals strong Q3 earnings on natural gas

Exxon Mobil Corp on Tuesday signaled strong third quarter operating profits on the heels of the second quarter's all time high as earnings from high natural gas offset weaker refining and chemicals, according to a securities filing.
Pump jacks operate in front of a drilling rig in an oil field in Midland

OPEC+ heads for deep supply cuts, clash with U.S.

OPEC+ looks set for deep oil output cuts when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and other consuming countries to pump more.
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