PE Boss Says Shale Will Deliver Returns This Year
This is the year when shale drillers are finally going to deliver solid returns to investors that have grown weary of the industry’s decade-long cash burn, the head of explorer Continue Reading
Protesters Rally to Support Longest Strike in French History
Hundreds of thousands of protesters flooded the streets on Thursday to show support for what has become the longest transport strike in French history, testing President Emmanuel Macron’s resolve to Continue Reading
German exports to Iran roughly halved in January-November 2019 due to U.S. sanctions
German exports to Iran roughly halved in the first 11 months of 2019 compared with the same period in the previous year due to U.S. sanctions, preliminary data from the Continue Reading
Why Russia Should Exit The OPEC+ Deal
Having exited the deal, Russia will be able to overcome stagnation in oil production, which threatens to become the longest since Soviet times. Despite a 9 percent decrease, Urals spot Continue Reading
Crude oil futures higher amid bargain hunting, supply risks remain
Crude oil futures moved higher during mid-morning trade in Asia Thursday on mild bargain-hunting after Wednesday’s sell-off that saw markers fall by more than $2/b, while analysts warned that supply Continue Reading
Oil edges higher after previous day’s plunge
Oil prices edged higher on Thursday, clawing back some of the sharp losses made in the previous session on the back of easing fears of an escalation in the conflict Continue Reading
Oil dives on soothing words from U.S., Iran and on U.S. crude build
Oil futures fell more than 4% on Wednesday in a wild swing, soaring close to a four-month high in early trade on an Iranian rocket attack on U.S. forces in Continue Reading
Oil Tanks As Trump Claims Iran Is Standing Down
Oil prices fell on Wednesday afternoon after US President Donald Trump announced that Iran was backing off its retaliatory stance, and was, as the US President put it, “standing down”. Continue Reading
Billions In Worthless Assets Plague The Oil & Gas Industry
Investors, pension funds and companies need to get ahead of the financial risk from climate change, as many fossil fuel assets risk becoming worthless. “We can’t have a financial sector Continue Reading
Trump avoids escalating crisis, says Iran is ‘standing down’
U.S. President Donald Trump on Wednesday backed away from days of angry rhetoric against Iran as the two countries tried to defuse a crisis over the American killing of Iranian Continue Reading