News

Monday, September 20, 2021

Oil Falls to $74 on Risk-Averse Mood, U.S. Gulf Output

Oil dropped more than $1 a barrel to around $74 on Monday as rising risk aversion weighed on stock markets and boosted the U.S. dollar, while more U.S. Gulf oil output came back online in the wake of two hurricanes.

Tuesday, August 24, 2021

Oil Prices Jump on Stock Market Rebound, FDA Vaccine Approval

Oil in New York surged by the most since April amid a broader market rebound after the longest stretch of declines in nearly two years.

Friday, August 13, 2021

OTC Set to Open Monday

The Offshore Technology Conference (OTC) is set to open for the first time since the Covid-19 pandemic began.

Monday, August 9, 2021

Saudi Aramco Sees Highest Quarterly Profit Since 2018

Saudi Aramco followed its Big Oil competitors with bumper earnings, boosted by a recovery in oil and chemical prices.

Thursday, July 22, 2021

USA and Germany End Nord Stream 2 Feud

The U.S. and Germany have completed a deal approving completion of the Nord Stream 2 pipeline, effectively ending a longstanding rift over German gas purchases from Russia, the allies confirmed Wednesday.

Monday, July 12, 2021

Angola's Oil and Gas Industry Continues to Provide Huge Opportunities for Investors, Despite Energy Transition

Over the past three decades, Angola has proven to be a tier one destination for major oil and gas producers.

Tuesday, June 29, 2021

Physical Oil Markets Run Hot

The physical oil market, in which millions of barrels of crude are bought and sold each day, is screaming for more supply in the run-up to a pivotal meeting of OPEC+ producers this week.

Monday, June 21, 2021

Bank of America Projects 2022 Oil Prices Near $100 on Growing Travel Demand

Oil may surge to $100 a barrel next year as travel demand rebounds, Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.

Wednesday, June 9, 2021

WTI Crude Closes Above $70 for the First Time Since October 2018

Oil broke through a months-long trading range as expectations of tightening supplies in the U.S. compounded signs the world’s largest oil-consuming country is in the midst of a robust recovery.

Wednesday, June 2, 2021

Biden Suspends Trump-Era Oil and Gas Leases in Alaska Refuge

U.S. President Joe Biden's administration on Tuesday said it would suspend oil and gas leases that were handed out in an Alaska wildlife refuge during the final days of the Trump administration pending an environmental review.