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Oil and Gas

WTI, Brent head for third straight weekly loss

by Milton Acorn
WTI, Brent head for third straight weekly loss

Private fishing boats near offshore petroleum drilling rig in the Gulf of Mexico.  Ron Buskirk | Getty Images Crude oil futures were on pace Friday for a third straight weekly …

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Categories Science

Saudi Arabia to raise over $11.2 billion from Aramco stock sale, priced at lower end of range

by Adrian Jhonsan
Saudi Arabia to raise over .2 billion from Aramco stock sale, priced at lower end of range

The Aramco logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Saudi Arabia is set to raise more than $11.2 billion from its secondary public …

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Categories World

Climate disaster survivors urge emissions cap that energy CEOs call unnecessary

by James Odonell
Climate disaster survivors urge emissions cap that energy CEOs call unnecessary

The CEOs and executives of some of Canada’s largest oil and gas companies defended their industry Thursday, the same day a group of Canadians personally affected by climate change called on …

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Categories Politics

WTI, Brent rise for second day

by Milton Acorn
WTI, Brent rise for second day

A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023.  Bing Guan | Reuters Crude oil futures rose …

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Categories Science

WTI, Brent rebound after sell-off

by Milton Acorn
WTI, Brent rebound after sell-off

Yasir Al-Rumayyan, chairman of Saudi Arabian Oil Co. (Aramco), speaks during a news conference in Dammam, Saudi Arabia, on Sunday, Nov. 3, 2019.  Mohammed Al-Nemer | Bloomberg | Getty Images …

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Categories Science

Oil market ‘oversold’? Analysts and traders on crude’s price plunge

by Milton Acorn
Oil market ‘oversold’? Analysts and traders on crude’s price plunge

An offshore oil platform is seen at sunset near Huntington Beach, California, on Feb. 9, 2024. David Mcnew | Getty Images Oil prices defied the announcement of extended supply cuts …

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Categories Science

WTI below $73 as OPEC+ to increase supply

by Milton Acorn
WTI below  as OPEC+ to increase supply

Platform Ellen and Elly, offshore oil and gas platforms operated by Beta Operating Company LLC, off the coast of Long Beach, California, US, on Thursday, Nov. 2, 2023.  Tim Rue …

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Categories Science

Oil prices little changed after OPEC+ extends output cuts

by Milton Acorn
Oil prices little changed after OPEC+ extends output cuts

The OPEC logo on the building of the Organization of the Petroleum Exporting Countries. Thomas Coex | Afp | Getty Images Crude oil futures were little changed on Monday as …

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Categories Science

OPEC+ oil group awaits concrete interest rate cuts: Saudi energy minister

by Adrian Jhonsan
OPEC+ oil group awaits concrete interest rate cuts: Saudi energy minister

Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images The prominent OPEC+ oil producers’ alliance is awaiting concrete central bank action on interest …

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Categories World

Oil alliance OPEC+ extends collective crude production cuts into 2025

by Milton Acorn
Oil alliance OPEC+ extends collective crude production cuts into 2025

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg | …

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Categories Science
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