Russian companies are expected to invest US$22.5 billion (1.3 trillion rubles) in oil production this year, with crude output and exports forecast at the same levels as in 2017, Russia’s Continue Reading
Oil prices fell on Friday after U.S. President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies. President Trump Continue Reading
Oil prices rose on Thursday, helped by gains in U.S. equities markets and Saudi Arabia’s unexpected hike in crude prices, though crude’s advance was curbed by strength in the dollar. Continue Reading
Crude oil prices are stuck in the middle of a tighter market and fears of a sweeping trade war between the United States and China, the world’s largest economies. File Continue Reading
Sluggish April cargo buying sent the North Sea Dated Brent benchmark differential to the lowest in nearly two and a half years on Wednesday, S&P Global Platts data showed. Dated Continue Reading
We recently attended Fatih Birol’s presentation in advance of the International Energy Agency’s (IEA) first publication of the Global Energy and CO₂ Status Report. Their flagship publication, World Energy Outlook, Continue Reading
Lower costs and improved market conditions led to more oil and gas investments, though spending last year was below the historic average, analysis found. Energy consultant group Wood Mackenzie found Continue Reading
An internal Shell report from 1988 has revealed the supermajor was aware of the effect of its business on climate. The report, uncovered by Dutch journalist Jelmer Mommers from the Continue Reading
New oil and gas projects to be sanctioned this year will likely have a 15-percent lower breakeven level than last year’s, at US$44 per barrel of oil equivalent, Wood Mackenzie Continue Reading
Shell knew climate change was going to be big, was going to be bad, and that its products were responsible for global warming all the way back in the 1980s, Continue Reading
