Oil slumped the most in two weeks.
In a video posted on YouTube, Charif Souki said speculators betting against the company’s stock are poised to lose.
The Maersk Developer semisub will perform well intervention on four wells. PHOTO SOURCE: Maersk Drilling
The CEO of the world’s biggest independent oil trader expects crude demand to come roaring back this year and next.
The project would collect emissions from industrial facilities along the Houston Ship Channel and bury them beneath the Gulf of Mexico.
BP’s Grand Slam facility near Orla, Texas. PHOTO SOURCE: BP America
Eni S.p.A (NYSE: E), through its subsidiary Eni RAK, has been awarded Block 7 in the onshore of Ras Al Khaimah, United Arab Emirates.
Philippine President Rodrigo Duterte said challenging China in the South China Sea will only lead to violence, and that he will only do so if Beijing drills for oil in the disputed waters.
The U.S. Department of Energy intends to sell up to nine million barrels of crude oil from the Strategic Petroleum Reserve.
Rystad Energy’s head of oil markets offers a few thoughts for the anniversary of the day oil prices turned negative.