The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels a day, according to delegates. Stephen Stapczynski reports. Oil surged near $83 a barrel Continue Reading
Oil prices rose on Tuesday as expectations that OPEC+ may agree to a large cut in crude output on Wednesday offset concerns about the global economy. Brent crude was up Continue Reading
‘Crude at $130-$140 a barrel is as unsustainable as crude at $20-$30’. Oil bulls finished September with their worst month and quarter in two years, Barani Krishnan, a senior commodities Continue Reading
The International Energy Agency (IEA) has predicted that global gas markets will remain tight next year as Russian piped gas supplies dwindle despite gas demand falling in Europe in response Continue Reading
Economic headwinds have yet to significantly erode the world’s demand for oil, top oil traders said at the Argus European Crude Conference in Geneva on Tuesday. The forecasts by senior Continue Reading
Global oil supply fundamentals remain tight: Nasser Aramco spare capacity targets on schedule Blames ‘shaming’ of oil and gas investments Spare global oil production capacity is running thin and the Continue Reading
Nord Stream Gas Leaks Could Pose New Climate Disaster Planet-warming methane that’s bubbled up from the ruptured Nord Stream gas pipelines at the bottom of the Baltic Sea into the Continue Reading
Sustainability-linked bonds let companies borrow cheaply if they meet environmental, social, and governance targets. A Bloomberg News analysis found those goals are weak Illustrator: Richard A. Chance for Bloomberg Markets Continue Reading
Oil and gas producers rely on flaring to limit the venting of natural gas from their facilities. New research led by the University of Michigan shows that in the real Continue Reading
The oil market is not focusing on the fact that global spare capacity to raise oil production is very low, Saudi Aramco’s Chief Executive said on Tuesday, with Shell’s Chief Continue Reading
