Saudi Aramco , the world’s largest oil company, is considering as much as $5 billion of investments in renewable energy firms as part of plans to diversify from crude production, Continue Reading
Donald Trump’s vow to pull the US out of the Paris climate change accord could be thwarted by his pick for secretary of state, Rex Tillerson, according to a member Continue Reading
Big oil companies and smaller U.S. upstarts are plotting sharply divergent paths as they plan spending for 2017 after a modest recovery in crude prices. While shale-oil drillers are boldly Continue Reading
Lukoil, Russia’s No.2 oil producer, hopes to reach a decision on developing two new oilfields in Iran and wants to expand its operations further in the Middle East this year, Continue Reading
US President Donald Trump said Friday ahead of his first conversation with Russian President Vladimir Putin since taking office that it was too soon to know whether to continue US Continue Reading
Oil futures eased on Friday, with strong drilling activity around the world, especially in the U.S., weighing on the market. Light, sweet crude for March delivery settled down 61 cents, Continue Reading
Crude oil prices retraced steps Friday on reports of a downturn measured in the U.S. economy and uncertainty over the nuances of OPEC’s managed decline. Members of the Organization of Continue Reading
Oil headed for a second weekly increase as OPEC and other producing nations continued with output cuts to reduce bloated global inventories and stabilize the market. Front-month futures rose 0.4 Continue Reading
Oil prices are falling on Friday in volatile trading session after having see-sawed on the usual headlines regarding OPEC compliance and U.S. production figures (Click to enlarge) Friday, January 27, Continue Reading
Yemen has roughly three months supply of wheat left to draw from, leaving the country exposed to serious disruption as a central bank crisis cuts food imports and starvation deepens, Continue Reading
