2025
European Gas Rebounds as Prospects of Higher Demand Buoy Market
European natural gas prices rose, snapping earlier losses, as improving prospects for energy demand and algorithmic fund buying helps buoy the market ahead of a vote on more relaxed fuel-storage rules.
Occidental's diverse portfolio delivers first quarter success
Occidental Petroleum has announced better-than-expected first quarter profits, driven by robust production and favourable natural gas prices. The US energy company reported an adjusted profit of $0.87 per share for the first quarter of 2025, surpassing analysts' forecasts of $0.77.
Orsted Cancels Major UK Offshore Wind Farm as Costs Jump
Orsted A/S canceled plans for a huge offshore wind farm in the UK, a significant blow to the nation’s plans to boost the clean energy source in the coming years.
