At least one person is dead and hundreds of thousands are without power after the much-diminished post-Tropical...
At least one person is dead and hundreds of thousands are without power after the much-diminished post-Tropical Cyclone Lee made landfall in Maine and Nova Scotia, Canada, over the weekend. Parts of Massachusetts and Maine saw three-foot storm surges and roughly four inches of rain as the system and its 70 mph winds—just shy of Category 1 status—rolled northeast.
HighPeak Energy has entered into a $1.2 billion loan credit agreement to refinance...
HighPeak Energy has entered into a $1.2 billion loan credit agreement to refinance its debt in what the Midland Basin E&P said is one of the largest privately arranged financings for an independent producer.
The refinanced debt, which represents more than 50% of the company’s $2 billion market capitalization, comes after the company said in January it would explore “certain strategic alternatives to maximize shareholder value” up to and including a sale.
Iran released five Americans in a prisoner swap, as part of a deal in which the U.S. agreed to unfreeze $6 billion in Iranian oil revenue.
Five Americans who had been imprisoned in Iran were allowed to...
Five Americans who had been imprisoned in Iran were allowed to leave the country on Monday,according to White House officials, after two years of high-stakes negotiations in which the United States agreed to unfreeze $6 billion in Iranian oil revenue and dismiss federal charges against five Iranians accused of violating U.S. sanctions.
The five Americans, some of whom had been held for years in Evin Prison,one of the most notorious detention centers in Iran, were expected to fly to Doha, the capital of Qatar, for a Cold War-style exchange with two of the five Iranian nationals. Three others declined to return to Iran, according to U.S. officials.
Oil inches higher on supply concerns, China demand recovery
SINGAPORE (Reuters) - Oil prices inched higher on Monday, buoyed by forecasts of a widening supply deficit...
SINGAPORE (Reuters) - Oil prices inched higher on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and on optimism of a demand recovery in China, the world's top crude importer.
Brent crude futures rose 5 cents, or 0.1%, to $93.98 a barrel by 0027 GMT while U.S. West Texas Intermediate crude was at $90.92 a barrel, up 15 cents, or 0.2%.
Tropical Storm Nigel strengthens, could be hurricane Monday
Nigel is on track to becoming the next hurricane of the 2023 Atlantic season, according...
Nigel is on track to becoming the next hurricane of the 2023 Atlantic season, according to the National Hurricane Center.
In its advisory, the NHC said Tropical Storm Nigel strengthened again with maximum sustained winds of 60 mph, a jump from earlier in the morning. The center of Tropical Storm Nigel was said to be about 990 miles northeast of the Lesser Antilles as it moved north-northwest at 13 mph.
“Nigel is expected to become a major hurricane by the middle of the week, but will move toward the north and be a fish storm,” Eric Stone, a meteorologist with Nexstar’s WFLA, said. A “fish storm” refers to a storm that doesn’t threaten land, but could cause problems for fishermen or along shipping routes.
