IlluMyFi

Russia on April 12 kept up the pressure on Ukraine's energy infrastructure with a fresh series of drone and missile strikes that caused additional damage to an already battered electricity grid amid dwindling Ukrainian air-defense capabilities as critical Western military aid fails to materialize. Russia in recent days has launched massive air and drone strikes on Ukrainian civilian and energy infrastructure, causing casualties and major damage. The new strikes on April 12 targeted an energy facility in the southern region of Dnipropetrovsk, which…

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15.05.24 12:00

by oilprice.com

Consumers Sue U.S. Shale Alleging Collusion to Boost Oil Prices

U.S. shale producers have been preaching and practicing capital discipline since the price crash of 2020 and haven’t deviated from their pledge to focus on shareholder returns instead of oil production growth since then. Some of the biggest independent U.S. shale firms may have started to finally please investors with meaningful returns, but they have angered consumers. Some of these consumers of retail gasoline, diesel, and marine fuels allege that the ‘discipline’ in capital allocation has actually been a collusion to boost...