Category: Oil & Gas

Saudi Arabia’s plan to slash oil production by around 10% may hit its finances hard. Sunday’s decision, which will see the kingdom lower crude output

By Ron Bousso LONDON (Reuters) - BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a d

Bloomberg London Opec’s oil production fell last month as Iraq’s exports were reduced by a pipeline suspension while a labour strike cut shipmen

The world is becoming awash with natural gas, pushing prices lower and creating an overabundance of the fuel in both Europe and Asia — at least for th

US oil bosses generally collected huge paychecks last year on the back of high energy prices and record profits, with Exxon Mobil Corp’s chief executi