OPEC+ Nations Strive for Agreement on Size of Next Oil Hike
Crude oil storage tanks at an oil refinery in Ras Tanura, Saudi Arabi. One OPEC official says there’s…
Crude Check: Selling Pressure Mounts
Crude oil prices slumped last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($64.50/barrel) and crude oil…
European Parliament Seeks Faster Phaseout of Russia Oil, Gas
(Bloomberg) — The European Parliament is considering accelerating a phaseout of Russian oil and gas imports in a…
Inside JPMorgan’s Investment Bank, Nuclear Hype Raises
(Bloomberg) — Inside the investment banking division of JPMorgan Chase & Co., there’s concern that enthusiasm for nuclear…
Crude oil prices rise to $64.46 but remain set for largest weekly decline in over 3 months
Oil prices inched higher on Friday after four consecutive sessions of losses, though they remained on course for…
Nigeria Lost About 16% of Oil Output During 3-Day Dangote
(Bloomberg) — Nigeria suffered significant crude and gas production losses after a three-day oil workers’ strike that threatened…
Buyout Bets for $34 Billion Czech Utility Face Election Test
(Bloomberg) — Investors are snapping up shares in the Czech Republic’s biggest power utility, betting a potential win…
Crude oil prices climb to $66.25 as market weighs OPEC+ plans against declining U.S. inventories
Expectations of dwindling U.S. crude inventories helped prices from falling further last week Oil prices steadied in early…
Oil settles lower as OPEC+ plan adds to expectations of supply surplus
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled lower on Tuesday as investors braced for a supply surplus…
Oil settles lower as OPEC+ plan adds to expectations of supply surplus
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled lower on Tuesday as investors braced for a supply surplus…
Imperial Oil to Cut 20% of Workforce as Crude Prices Drop
(Bloomberg) — Imperial Oil Ltd. plans to trim its workforce by about 20% by the end of 2027…
The Slow Demise of Russian Oil Production
For most of the last decade, OPEC and Russia, collectively referred to as OPEC+, have aligned their interests…