Chevron tops estimates with profit gains despite slide in oil prices April 28, 2023 Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter this year.
Exxon delivers record first-quarter profit on higher output April 28, 2023 Exxon Mobil reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates.
OPEC chief warns IEA not to undermine oil investment as war of words escalates April 27, 2023 OPEC's war of words with the International Energy Agency entered another heated chapter today amid concerns over oil demand.
North Sea oil workers begin ‘biggest offshore stoppage in a generation’ April 24, 2023 North Sea oil workers have begun the “biggest offshore stoppage in a generation”, with 48-hour strikes on oil and gas rigs.
IEA warns OPEC+ cuts risk supply deficit as it predicts record oil demand April 15, 2023 Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit, the International Energy Agency (IEA) said,
OPEC cites risks to summer oil outlook, holds demand forecast April 13, 2023 OPEC has flagged downside risks to summer oil demand as part of the backdrop to shock output cuts announced by OPEC+ producers.
North Sea energy giants told to ‘read the room’ on windfall tax demands April 12, 2023 Green groups have urged the government to maintain the toughened windfall tax amid pressure from the North Sea industry.
Oil prices propped up by OPEC+ supply cuts amid gloomy economic forecasts April 10, 2023 Oil prices have stabilised today after three straight weeks of gains, with further supply cuts from OPEC+ propping up both major benchmarks.
Saudi Arabia maintains crude supply to Asian refiners despite OPEC+ cuts April 10, 2023 State oil giant Saudi Aramco will supply full crude contract volumes loading in May to several North Asian buyers.
Could oil prices hit $100 per barrel again? We ask the experts April 4, 2023 City A.M. asks the experts if oil prices could hit $100 per barrel next year, as forecast by banking behemoth Goldman Sachs.