OPEC and some producers from outside the group may agree to freeze output during informal talks next month, which could prove “self-defeating” because it would benefit other suppliers, according to Goldman Sachs Group.
China is throwing the world’s leaders a party, and oil bulls may be hit with the hangover.
Less than two months after failing to oust Williams Cos.’s CEO and resigning as a director for the company, activist investor Keith Meister is broadening his attack on the pipeline giant. Now, he wants the entire board replaced.
Oil extended declines after the biggest loss in three weeks before weekly U.S. crude inventory data and as the market awaits comment from the Nigerian government on a proposal by militants to end hostilities.
The UK's decision to leave the European Union may push back its planned exit from coal, a mainstay in the nation’s energy supply for more than a century.
Canada may consider relaxing its foreign investment rules, including steps to open up to state-owned enterprises in China, in a bid to attract more capital and spur economic growth, Finance Minister Bill Morneau said.
Dollar sales in the Azeri capital have all but seized up as demand from households still reeling after two devaluations last year leaves most banks running on empty, with the manat plunging the most globally against the U.S. currency on Friday.
Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever. West Texas Intermediate, the U.S. benchmark, went from a bull to a bear market in less than three weeks.
Iraq, OPEC’s second-biggest producer, will increase crude exports by about 5 percent in the next few days after an agreement to resume shipments from three oil fields in Kirkuk.
Shale drillers are adding the most oil rigs since crude was worth $100 a barrel as confidence that OPEC may finally agree to freeze output pushed futures into a bull market.
A former oil-tank farm with views of the Pacific Ocean in Southern California will be cleaned up and converted into a resort under a $500 million plan by the real estate firm that purchased the property.
The glut of crude oil stored in ships on the North Sea is finally starting to dissipate.
Oil is set for its longest run of gains in four years after entering a bull market amid speculation that major producers may act to freeze output and as U.S. crude and fuel stockpiles decline.
Santos Ltd., Australia’s third-biggest oil and gas producer, reported a first-half net loss of $1.1 billion after taking a $1.05 billion charge on its Gladstone liquefied natural gas export project in Queensland.
Woodside Petroleum Ltd, Australia’s largest oil and gas producer, posted a 50 per cent drop in first-half profit after a decline in energy prices.
European shares rose for the first time in a week and emerging markets advanced as a gauge of commodities climbed for the sixth straight day and minutes of the Federal Reserve’s last meeting damped prospects for a U.S. interest-rate hike.
Mad Dog, BP Plc’s drilling project deep in the Gulf of Mexico, could be Exhibit A in the oil industry’s war on cost.
Oil held its advance after the longest run of gains in more than a year as U.S. crude and gasoline stockpiles declined, easing an overhang of supplies that are at the highest seasonal level in at least two decades.
U.S. crude oil production is holding up better than the government previously thought.
Deepwater Wind is on the verge of completing the first offshore wind farm in U.S. waters, a milestone for an industry that has struggled for a more than decade to build in North America.
The worst could be over for investors in Norwegian oil service high yield bonds.
Russia is delaying what would have been its biggest asset sale in a decade after plans were upended by renewed weakness in global oil markets and as two of the nation’s biggest crude producers expressed interest in the offering of shares in Bashneft.
It’s like rooftop solar, without the rooftops.
Britain could scrap the 18 billion-pound ($23 billion) nuclear power plant at Hinkley Point and get the same amount of electricity from offshore wind turbines for roughly the same investment.
UK Prime Minister Theresa May has written to Chinese President Xi Jinping and Premier Li Keqiang to express her desire to enhance trade and strategic ties, her nation’s new Asia envoy said.
