Oil prices rise on hopes of big stimulus money

Oil prices rise on hopes of big stimulus money

By Christy Gren - Jan 21, 2021

The crude oil prices showed an upswing with Brentwood going up to $56.08 a barrel and the US West Texas Intermediate crude oil selling at $53.24 a barrel, climbing 26 cents. The Am

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Exxon Mobil facing existential crisis with oil prices hitting bottom

Exxon Mobil facing existential crisis with oil prices hitting bottom

By Christy Gren - Sep 08, 2020

Exxon Mobil is facing the ill-effects of overbetting on a rising demand for oil and gas and is now facing a shortfall of about $48 billion through 2021

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Eni wants to turn Italy into a European Gas Hub

Eni wants to turn Italy into a European Gas Hub

By Anna Domanska - Apr 19, 2018

Eni CEO Claudio Descalzi announced the oil giant will invest 7 billion euros ($8.6 billion) in Algeria over the next three years. Together in partnership with Algerian state firm S

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Q7 calls for increase in oil output

Q7 calls for increase in oil output

By Anna Domanska - Aug 29, 2012

Finance ministers of the Group of Seven (G7), world’s leading industrialized economies, called on oil-producing countries to increase output to ensure market is supplied enou

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Iran Threatens to Block Oil Transportation, Crude Oil Prices Rise

Iran Threatens to Block Oil Transportation, Crude Oil Prices Rise

By Dhwani Shah - Dec 28, 2011

This year end has seen a rise in the prices of crude oil for the sixth day, adding 0.1% or 11 cents to $101.45 a barrel on Globex during Asian trading hours. This has been the high

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Energy Industry Trends to Watch in 2012

Energy Industry Trends to Watch in 2012

By Carrie Ann - Dec 27, 2011

This year saw a lot of action in the energy industry: the Fukushima crisis, the growth of solar energy alongside the collapse of Solyndra, and the entrance of shale. Here are Indus

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A Decade Later - What has the Economic Impact of the 9/11 Attack Been?

A Decade Later - What has the Economic Impact of the 9/11 Attack Been?

By Tom Parker - Sep 12, 2011

Yesterday, September 11th 2011, marked the 10th anniversary of the terrorist attacks that brought down the World Trade Centre, killed over 3000 people, shook the lives of countless

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OPEC meeting to focus on output quotas and triple-digit oil prices

OPEC meeting to focus on output quotas and triple-digit oil prices

By Carrie Ann - Jun 06, 2011

The Organization of Petroleum Exporting Countries (OPEC), scheduled to convene in Vienna on Wednesday, is likely to face significant pressure towards increasing output, in a meetin

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