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After a turbulent opening to the week, oil markets had a bit of a breather on Thursday. Investors, who are still processing a jumble of bearish data and global supply chain disruptions,…
Third, there are piles of internal strategy memos and external materials outlining the massive disinformation campaign these companies executed to prevent regulators, investors, consumers,…
MORE and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an increasingly electrified economy. Government…
With international oil markets facing price pressure and economic instability, OPEC+ has remained committed to gradually restoring supply. The producer alliance announced it will raise…
US crude futures fell on Friday (May 30) as traders expected Opec+ would decide on Saturday to boost oil output for July beyond previous forecasts. Brent crude futures settled down 25…
The Supreme Court backed a multibillion-dollar oil railroad expansion in Utah Thursday in a ruling that scales back a key environmental law for projects around the country. The 8-0…
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser said, as the world’s biggest oil exporter raised US$5…
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser said, as the world’s biggest oil exporter raised US$5…
Oil prices gained on Friday (May 23) as US buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear talks between…
Oil prices dropped by nearly 2 per cent on Friday (May 23) and were set for their first weekly decline in three weeks after US President Donald Trump recommended a 50 per cent…
Oil prices were little changed on Tuesday (May 20) due to uncertainty in US-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top…
Chevron is seeking blocks with potential reserves of around 15 trillion cubic feet of gas [TANGERANG, Indonesia] US oil major Chevron is interested in exploring and developing oil…
Recent US sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the…
After buckling under pressure from Beijing and Washington, the clandestine supply chain that carries Iranian crude to China is finding new workarounds. A tanker identifying itself as…
Oil prices resumed their downward slide after the OPEC Plus cartel of oil producers said over the weekend that it would pump more oil, despite concerns that President Trump’s trade war…
The largest western oil producers are mostly sticking with their growth plans for now, despite a 16 per cent decline in crude prices during April and a decision by the Organization of…
[LONDON/DUBAI] Opec+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has agreed to accelerate oil production hikes for a second consecutive…
Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices to the lowest levels in four years seen as the initial, alarming sign of looming turmoil.…
Oil prices are falling. Economists are cutting forecasts for global economic growth. Oil giants are reporting lower profits. But on Saturday, eight countries that belong to the oil cartel…
Oil prices fell more than 1 per cent lower on Friday (May 2) and recorded their biggest weekly losses since the end of March, as traders turned cautious ahead of an Opec+ meeting to decide…
President Trump warned of new secondary oil sanctions against Iran Thursday and described harrowing accounts from freed hostages who were held captive by Hamas terrorists in their attacks…
The U.S. Justice Department on Wednesday filed lawsuits against Hawaii and Michigan over their planned legal action against fossil fuel companies for harms caused by climate change,…
Oil prices settled down on Wednesday (Apr 30) and recorded the largest monthly drop in almost 3½ years after Saudi Arabia signalled a move towards producing more and expanding its market…
Oil prices inched up in early trade on Monday but remained dogged by uncertainty over trade talks between the US and China clouding the outlook for global growth and fuel demand, while the…
