Violent thunderstorms, small tornadoes that blew roofs off homes, and winds equivalent to a Category 3 hurricane lashed Italy from Piedmont to Sicily early this week, leaving at least 11 Continue Reading
BP’s oil and gas production growth stalled in the third quarter but the company said Tuesday it expects upstream growth to resume withing days after closing its $10.5 billion acquisition Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Tuesday amid indicators of a potential increase in global supply. At 10:34 am Singapore time (0234 GMT), December ICE Brent Continue Reading
Higher oil prices are expected to leave the oil industry flush with cash, but the “capital discipline” mantra remains. Market watchers have wondered whether top oil executives would eschew with Continue Reading
Oil prices slipped on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran. Benchmark Continue Reading
Oil prices edged lower on Monday, with futures on track for the worst monthly performance since mid-2016, after Russia signaled that output will remain high and as concern over the Continue Reading
High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the International Energy Agency (IEA) said on Tuesday. Major emerging Asian economies Continue Reading
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them Continue Reading
According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick Continue Reading
According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick Continue Reading
