Chesapeake Energy Corp said on Tuesday it expects a 15 percent drop in third-quarter production, partly blaming Hurricane Harvey, which forced the company to stop work in the Eagle Ford Continue Reading
The UK government’s July announcement that it will be banning the sale of petrol- and diesel-powered vehicles by 2040 is “meaningless” to Aston Martin CEO Andy Palmer. Government officials are Continue Reading
Russia’s top natural gas producer Gazprom said on Wednesday it saw scope for increasing gas exports to Europe and Turkey in the long term due to gas production declines in Continue Reading
Brent crude is holding above a more than two-year high of $59 a barrel, lifted by fast-growing demand and a threat to Iraqi Kurdistan’s crude exports as the autonomous region Continue Reading
Oil prices gave up some of Monday’s record gains on Tuesday, as investors cashed in on an increasingly bullish market. Brent crude, the global benchmark, was down 0.62%, at $58.07 Continue Reading
Strong oil demand growth in emerging economies led by China and India and even from Europe is drawing down oil stockpiles faster than expected, putting the global market firmly on Continue Reading
Global oil demand may be between 2 million to 4 million barrels per day more than worldwide crude supply by the end of 2019, an executive with commodities trading house Continue Reading
Yup, you heard it here first (or second, maybe even third), last week was the week that it all happened, the week that we can finally call the oil price Continue Reading
New York and London oil futures are sending very different signals to market players about the state of global supply balances, with U.S. contracts weak even as physical crude markets Continue Reading
Turkish President Tayyip Erdogan on Tuesday warned that Iraqi Kurds would go hungry if Turkey decides to halt the flow of trucks and oil across its border with northern Iraq, Continue Reading
