A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas.Getty ImagesOil edged up in early Asia trade on Friday, with U.S. crude trading near a two-month high after OPEC agreed to increase output curbs by nearly 50 percent in early 2020,...
An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia.Ahmed Jadallah | ReutersDUBAI — Saudi Arabian Oil Company, or Saudi Aramco, priced its IPO at 32 riyals ($8.53) per share — the top of its indicative range...
OPEC Secretary General Mohammed Sanusi Barkindo (L) and Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman (R) attend an Opec-JMMC meeting in the UAE capital Abu Dhabi on September 12, 2019.KARIM SAHIB | AFP | Getty ImagesOPEC kingpin Saudi Arabia has denied pursuing a deeper round of production...
Journalists interview oil Ministers on the sidelines of the 176th meeting of the Organization of the Petroleum Exporting Countries (OPEC) conference and the 6th meeting of the OPEC and non-OPEC countries on July 1, 2019 in Vienna, Austria.JOE KLAMAR | AFP | Getty ImagesGlobal oil-producing group OPEC and...
A oil rigger at the Schlumberger field prepares pipes in Midland, Texas on December 16, 2008.Kirk McKoy | Los Angeles Times | Getty ImagesOil prices edged lower in muted trading on Thursday ahead of the start of OPEC meetings later in the day, steadying after the previous session's...
Oil gained more than 4% on Wednesday, as a larger-than-expected drop in U.S. inventories and hopes of deeper production cuts from OPEC lifted prices.U.S. West Texas Intermediate crude futures gained $2.33, or 4.2%, settling at $58.43 a barrel. It was WTI's third straight day of gains, and its...
An upcoming meeting between OPEC and non-OPEC allies could see the group deepen oil production curbs, energy analysts told CNBC, although an extension of existing cuts and an emphasis on stricter compliance is still seen as the more likely outcome.OPEC members will host a meeting in Vienna, Austria...
Azeri oil workers operate a large field of drilling rigs on October 12, 2003 outside the capital city of Baku, Azerbaijan.Oleg Nikishin | Getty ImagesOil prices rose on Wednesday ahead of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the...
A screen shows Chinese President Xi Jinping as Russian President Vladimir Putin takes part in a ceremony inaugurating the "Power of Siberia" pipeline via a video link in Sochi on December 2, 2019.Mikhail Klimentyev| AFP | Getty ImagesA new natural gas pipeline connecting Russia and China is the...
Angel Navarrete | Bloomberg | Getty ImagesIn a first for the industry, Spanish oil and gas company Repsol has pledged to be carbon neutral by 2050 to comply with environmental goals set by the Paris Agreement, the company said on Monday. The pledge is, however, non-binding.The company outlined...