Crude oil prices were on course to book a second consecutive weekly gain as the prospects of peace in the Middle East dimmed further amid U.S. threats of the “toughest sanctions in history” against Iran and continued Ukrainian drone attacks on Russian refineries.
As oil and gas companies run out of places to dispose of their wastewater, Texas regulators are drafting permits to treat and reuse it outside the oilfields.
Curious Minds Corner
What is the purpose of gas flaring?
To burn off excess natural gas, often for safety or operational reasons.