The biggest oil traders and energy hedge funds speaking at the FT Commodities Global Summit struck a bullish tone despite banking jitters, and see a jump in oil prices by the year end. Pierre Andurand, […]
Brent, U.S. crude hit lowest in 15 months on Monday U.S. Fed begins two-day meeting on Tuesday Oil drop is speculative, not based on fundamentals – Andurand U.S. crude, product stocks expected to drop […]
On Tuesday, March 21 at 19:30 GMT:Government leaders in Uganda and Tanzania say a rapidly developing oil drilling and cross-border pipeline programme will lift people’s living standards across the region. But some residents living near […]
Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities. Global benchmark Brent also dropped below $71 […]
The world’s biggest international oil and gas firms continue to pledge lower-emission operations to supply the world with the hydrocarbons it needs and will need in the future. Unfortunately for Big Oil, not all basins and […]
OPEC+ considers this week’s slide in oil prices to a more than one-year low to be driven by financial fears, not any imbalance between demand and supply, and expects the market to stabilise, four delegates […]
This year the oil market has seen a tussle between those believing China’s demand will surge and others worried about an economic slump in Europe and the US. On Wednesday, the bears won.Oil tumbled to […]
Photo: Illustration of Bay du Nord FPSO; Source: Equinor Back to overview Home Fossil Energy Controversial Bay du Nord oil project awaits outcome of court challenge PremiumIllustration of Bay du Nord FPSO; Source: Equinor March […]
Home Fossil Energy How is European and U.S. oil majors’ energy transition journey shaping up? While the transition to low-carbon and green sources is making strides on the global energy stage, the major energy players […]
U.S. oil production will grow by about 500,000 barrels per day this year, with 80% or 90% of that coming from the Permian basin, Frederick Forthuber, president of Oxy Energy Services at Occidental Petroleum Corp […]
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