Tag: opec

NEW YORK (Reuters) - Oil fell nearly 3 percent on Thursday, with U.S. crude futures hitting lows not seen since April, due to growing concerns that gl

US oil could add the equivalent of Saudi Arabia’s total production over the next 10 years if a favourable price environment persists, according to a r

By Ashoka Mody/Berlin What we care about most is often our undoing. So it was for Angela Merkel, who recently announced her intention to step

An oil drilling rig stands in Reeves County, Texas. Once an afterthought, the Permian Basin is now first and foremost for the biggest American oil pro

Bloomberg/Washington If the Democrats take over the US House of Representatives in this week’s midterm elections, it could renew momentum i

AFP/Paris US President Donald Trump’s decision to pull the US out of the 2015 nuclear accord with Iran and reimpose a raft of sanctions puts

BRUSSELS (Reuters) - Ten European Union finance ministers want any unsustainable public debt in the euro zone to undergo restructuring, with losses im

Exxon Mobil reported a big jump in third-quarter profits yesterday on higher oil prices and refining margins, and said the production ramp-up at key n

Energy storage on a commercial scale is the holy grail for supporters of renewables, including French President Emmanuel Macron. Unfortunately for

Chesapeake Energy Corp is buying oil producer WildHorse Resource Development Corp in a nearly $4bn deal, it said yesterday, as it looks to increase oi