Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
Petrol and diesel prices in India reached all-time highs following seven consecutive increases, driven by surging international crude oil rates above $82/barrel amid OPEC+ production constraints.
El gobierno británico autorizará 10.500 visas temporales para camioneros y trabajadores avícolas hasta Navidad 2021 para aliviar la escasez de mano de obra que afecta la cadena de suministro.
US crude stockpiles fell to their lowest level since January 2020, with oil prices remaining near $75/barrel despite minor slips. The inventory drawdown suggests COVID-19's Delta variant has minimal impact on fuel demand.
Camisea and Peru's Energy Ministry signed an agreement to promote liquefied natural gas (LNG) in transportation, offering fuel at 50% cheaper than diesel while reducing emissions and import dependence.
Oil prices declined Thursday after U.S. crude inventories unexpectedly rose for the first time since May, though prices retained most gains from the previous session as supply constraints are expected to persist through year-end.
Oil prices fell as China reported its first crude import contraction since 2013, raising concerns about global demand recovery despite supply constraints from OPEC+ disagreements.
Hong Kong's Hang Seng index fell 0.9% as energy stocks retreated following oil price declines, with investors cautious ahead of U.S. jobs data that could influence Fed policy.
Crude oil reached its highest price since October 2018 at $71.50/barrel as pandemic restrictions ease and global demand rebounds, driving gasoline prices to $3.07/gallon nationally.
Brent crude topped $71/barrel, a 2.5-year high, as OPEC+ reaffirmed gradual output increases while summer demand recovery and tight inventories fuel bullish sentiment.
Here's why Enerplus (TSX:ERF) has made my list of top picks in the Canadian energy space today.
Oil prices edged higher on Tuesday as traders awaited weekly US petroleum inventory data. WTI crude rose 0.8% to $59.64/barrel ahead of API and EIA reports.
Crude oil prices weakened as Covid-19 surges in India and South America threaten global demand recovery, with U.S. gasoline inventories rising unexpectedly and OPEC supply increases limiting price support.
Oil and equity markets declined sharply as Germany extended lockdowns, coronavirus concerns persisted, and new U.S.-European sanctions on China over human rights abuses dampened global risk appetite.
Oil prices fell Wednesday after U.S. crude stockpiles unexpectedly rose by 1 million barrels due to refinery shutdowns from severe winter weather in southern states, contradicting forecasts for inventory draws.
Oil prices edged higher Wednesday as U.S. crude stockpiles fell more than expected and optimism grew around a coronavirus relief package, though global demand remains depressed by the pandemic.
Oil prices declined as U.S. crude inventories unexpectedly increased and European lockdowns threaten fuel demand, though vaccine rollouts offer longer-term relief.
Reliance Industries leads Fortune India's top 500 companies list, with IOC second and ONGC third. RIL also broke into global top 100, signaling India's corporate strength.
Oil prices declined as unexpected U.S. crude stockpile growth raised supply glut concerns, compounded by rising COVID-19 cases threatening fuel demand recovery.
A massive fire broke out at Beirut's port in a storage depot containing motor oil and tires, triggering panic among residents still traumatized by the devastating August 4 explosion that killed 190 people.
