The value of US-Mexico energy trade dropped by nearly 15% in 2023 despite increased trade volumes, primarily due to lower fuel prices, according to the EIA.
© 2024 Energy News Africa Plus. All Rights Reserved.
-
-
Oil prices dip as weaker U.S. consumer sentiment and economic data weigh on the market, despite hopes for a Fed rate cut boosting optimism.
-
Oil prices retreated on Friday as a cocktail of economic indicators soured investor appetite. A decline in consumer confidence coupled with rising inflation pressures cast a pall over the market
-
Kurdish oil exports are booming despite a pipeline shutdown, with trucks carrying crude to Iran and Turkey. The US is monitoring the trade to assess compliance with sanctions.
-
The UK government reverses approval of a new oil drilling project and drops its defense of a new coal mine, following a court ruling requiring consideration of greenhouse gas emissions …
-
OPEC remains confident in its forecast for strong oil demand growth throughout 2024 and 2025, despite some industry predictions of an earlier peak in demand. The oil market braces for …
-
Europe grapples with a difficult choice – switch back to coal for winter energy due to high gas prices, or prioritize climate goals. The decision hinges on market forces, weather …
-
Texas oil companies and utilities are scrambling to restore operations and power after Hurricane Beryl caused significant disruptions across the Gulf Coast.
-
Exxon Mobil Corp. (XOM) lowered profit expectations for the second quarter of 2024, citing lower refining margins and natural gas prices. The company expects earnings per share to be between …
-
Tropical Storm Beryl strengthens in the Gulf of Mexico, threatening to become a hurricane and make landfall on the Texas coast. The storm’s path raises concerns about disruptions to the …