Involvement with Chinese partners on nickel and other battery-related ventures could fall foul of IRA legislationThe outcome of Sunday’s OPEC+ meeting will most likely be price-driven versus the alliance’s hype that it isn’t price-focused, analysts at Citigroup suggested in a note issued Thursday.
crude stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls in both as oil bulls bet on higher energy demand with the advent of summer travel. The U.S. crude inventory balance rose by 4.489 million barrels during the week ended May 26, the Energy Information Administration, or EIA, said in its Weekly Petroleum Status Report. In the prior week to May 19, the EIA reported a deficit of 12.