Exxon Mobil (XOM.N) has signed a memorandum of understanding to participate in a carbon capture and storage (CCS) project in Scotland, the U.S. oil and gas producer said on Friday. Continue Reading
Renewable firms, oil majors, and investors said they would bid into Scotland’s offshore wind leasing round which closed on Friday, signaling the huge demand globally for the rights to build Continue Reading
Deadly floods that devastated parts of western Germany have left thousands in the dark as utilities were forced to curb electricity supplies. Germany utility giant EON SE cut power to Continue Reading
The EU’s sweeping proposals to curb greenhouse emissions are likely to upend the continent’s oil demand over the years and decades to come. Here’s a run through the plans — Continue Reading
Crude oil futures were steady during mid-morning Asian trade July 16, as increased certainty over the OPEC+ supply accord and robust demand projections from OPEC analysts arrested the plunge in Continue Reading
Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 and uncertainty around the prospect for an OPEC+ deal to increase supply clouded the short-term outlook. Continue Reading
Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet Continue Reading
Saudi, UAE reach compromise to unlock more oil supply U.S. crude stockpiles fall for eighth week in a row – EIA U.S. fuel stocks rose despite reduced refinery output – Continue Reading
OPEC pumped 26.03 million barrels per day (bpd) of oil in June—up by 590,000 bpd from May, the cartel said on Thursday as it predicts demand for its crude at Continue Reading
OPEC forecast on Thursday that world oil demand would rise in 2022 to reach a level similar to before the pandemic, led by growth in the United States, China and Continue Reading
