energy

Black Sea strikes hamper oil flows from Novorossiysk, while crude processing tumbles

Bond traders have begun to treat Mexican debt like junk after the government has spent $130 billion to bail out state-owned oil giant Petroleos Mexicanos. Bloomberg's Scott Squires explains. (Source: Bloomberg)

Japan to support oil pipelines that bypass Strait of Hormuz

Bond traders have begun to treat Mexican debt like junk after the government has spent $130 billion to bail out state-owned oil giant Petroleos Mexicanos. Bloomberg's Scott Squires explains. (Source: Bloomberg)

Japan expects its oil imports next month to be lower than this month’s but has no plans to release additional crude from storage, the country’s economy minister said. Oil imports next month are seen at 80% of the average monthly for 2025, Ryosei Akazawa said, as quoted by Reuters. The report noted t

Why is Siemens Energy stock climbing today?

Siemens Energy hires Goldman for steam turbine unit stake sale; shares climb

European stocks gained as a pullback in oil prices offered some relief from inflation concerns and bond-market pressures that have weighed on the region in recent sessions.

Asia shares fall on tech nerves; oil prices slip Reuters

Rooftop solar developer PCG Power plans to launch a trading platform next month to tap into China’s growing market for electricity.