#oil

Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an ...

Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while US crude ...

By Nichola Groom and Valerie Volcovici The Biden administration is approving a scaled-back version of ConocoPhillips’ $7 billion oil and gas drilling Willow project in Alaska, the US Department of Interior ...

Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. Brent crude futures rose 66 cents, ...

Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand. Investors ...

Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset ...

Oil prices rose for a second session on Friday, buoyed by stronger than expected US economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese ...

Oil prices climbed more than 2 per cent on Monday as China’s move to reopen its borders boosted the demand outlook and overshadowed global recession concerns. The rally was part ...

Oil rebounded over 2 per cent on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a US fuel pipeline ...

Western governments have agreed to cap Russia’s oil export price at $60 a barrel in a bid to curb profits that support its budget, military and invasion of Ukraine. This ...

The scramble for quick solutions to secure affordable and reliable energy could imperil climate action There is no question that the energy crisis has forced governments to reconsider their priorities, ...

Oil prices dipped in Asia trade on Thursday as uncertainty lingered ahead of Sunday’s OPEC+ meeting, though easing COVID curbs at the world’s top crude importer China capped ...

European Union governments failed to reach a deal on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in ...

As the European Commission is finding out, interfering with markets creates unintended consequences and eventually backfires The oil and gas companies cannot get it right, can they? They have been ...

Oil prices rose on Friday as investors considered Russia’s threat to halt oil and gas exports to some buyers, but crude was set for a second weekly decline as ...

Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes ...

Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global ...

Energy Minister Natasa Pilides on Tuesday called the discovery of a natural gas field in the Cronos-1 well in Bock 6 “a very positive development for the country” but Turkish Foreign ...

China’s crude oil imports from Russia soared 55 per cent from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed ...

The European Commission is considering offering landlocked eastern European Union states more money to upgrade oil infrastructure in a bid to convince them to agree to an embargo on Russian ...

Oil prices bounced on Wednesday ahead of an announcement by the US Federal Reserve and further sanctions on Russia by the European Union, offsetting demand worries in top importer China. ...

BP (BP.L) boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy ...

Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in US ...

Oil prices on Tuesday extended losses from the previous day as Ukraine and Russia headed for peace talks and on concerns about demand as China’s financial hub of Shanghai ...