MELBOURNE (Reuters) - Oil prices slipped in early trade on Thursday after California reimposed some coronavirus lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in…
Goldman Sachs booked revenues of more than US$1 billion in its commodities division for the first five months of 2020—the investment bank’s best start to a year in commodities in…
The relief rally in oil may be coming to an end as oil market fundamentals are turning bearish once again and pointing to Brent Crude slipping back to $35 in…
Oil surged on Tuesday on reports that OPEC+ members want to extend record production cuts for at least one month. West Texas Intermediate crude futures jumped as much as 3% higher,…
OIL India Limited‘s (OIL) producing well Baghjan 5 in Upper Assam’s Tinsukia district witnessed blow out. Efforts have been made to vacate the local residents residing within the vicinity of the well to…
One of the world’s largest and most important energy industry gatherings was canceled by organizer IHS Markit Ltd. on Sunday amid mounting concerns about the coronavirus outbreak. It was due to start March…
State-run oil refiner CPC Corp, Taiwan (CPC, 台灣中油) yesterday announced that it would lower gasoline prices by NT$0.8 per liter and diesel prices by NT$0.9 per liter, effective today. This…
Rystad Energy has cut its 2020 Brent crude oil price forecast from nearly $60 per barrel to around $56 per barrel. In addition to the cut, the company warned that…
As China’s coronavirus epidemic continues to expand and more countries are affected, the slowdown in global oil and gas consumption this year will hit suppliers who will see average prices fall below…
Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government. The global oil major…