Hurricane Francine slams US oil industry with record losses
US Gulf of Mexico oil production devastated by Hurricane Francine, with 30% of output offline and estimated losses reaching $1.82 million barrels of crude oil.
Oil prices hold steady amid storm threats
Oil prices hold steady at $72-$69 per barrel amid Tropical Storm Francine threats and bearish market tone.
Brighter future for Russia’s oil and gas sanctions
Russia’s economy ministry revises forecast, expecting $239.7 billion in oil and gas export revenues by 2024, defying sanctions and conflict impact.