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 cru...

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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...

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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 thr...

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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 co...

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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 ...

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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 col...

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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 C...

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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...

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