A pint of good beer up in Canada will probably cost you about $5 bucks. You…
Category: Oil and gas
Oil demand could decline by 20 million barrels a day in April, says oil expert Dan Yergin
The oil market is facing a “double crisis” with a collapse in the OPEC+ alliance affecting supply and…
Exclusive: Shale gas pioneer Chesapeake Energy taps restructuring advisers – sources
The Oklahoma City-based company, which was co-founded by late wildcatter Aubrey McClendon, was struggling with its…
Saudi Arabia unveils plans to maximize oil output, escalating a price war with Russia
OPEC kingpin Saudi Arabia unveiled plans Wednesday to dramatically ramp up oil production, raising the stakes…
Saudi Arabia and Russia are playing hardball and waiting for each other to blink in the oil standoff, say analysts
The standoff between oil majors Saudi Arabia and Russia could “last a while” as they wait for each other “blink first,” an…
US crude prices drop below $30 a barrel after OPEC deal failure sparks price war
Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts…
Oil drops as OPEC agrees on massive oil supply cut to offset virus impact; awaits Russia’s approval
OPEC has agreed to impose a deeper round of production cuts in order to support oil…
Fuel prices push UK inflation to six-month high
UK inflation in January rose to a six-month high as petrol and house prices rose, official…
British Gas owner Centrica hit by energy price cap
British Gas owner Centrica has blamed a big loss in 2019 on the energy price cap…
BP full-year net profit falls 21% on weak oil and gas prices
Energy giant BP reported better-than-expected full-year net profit on Tuesday, outperforming analyst expectations despite lower oil and gas…
Asia’s crude supplies could be disrupted if Iraqi oil facilities are targeted
Investors are worried about possible attacks on oil facilities in Southern Iraq that could affect crude…
China opens up oil and gas exploration, production to foreign firms
China will for the first time allow foreign companies to explore for and produce oil and…