The head of oilfield services company Schlumberger said Friday major investments in exploration and production are needed to counter supply-side pressures. “Despite OPEC’s recent decision to increase production, the global…
Australian mining giant BHP Billiton said Wednesday its plans to leave U.S. shale were proceeding as planned, though offshore interest remained high. Last year, CEO Andrew Mackenzie said the company…
Google faces a $5 billion fine after the European Union on Wednesday sided with Android over a case involving apps for mobile devices, setting a global record for antitrust penalties.…
With a British warning for Nigeria in place, there are concerns that militancy in the oil-rich Niger Delta could upend the political climate, a researcher said. The British Foreign and…
Volatile crude oil prices reflect a volatile geopolitical climate as well as concerns about global trade tensions, Russia’s energy minister said Friday. Russian Energy Minister Alexander Novak addressed the price…
Oil prices lacked clear direction ahead of the start of U.S. trading on Friday as a handful of market watchers said the situation for energy was very volatile. “Expect more…
Crude oil prices recovered some of the ground lost during Wednesday’s sharp downturn after the IEA warned supplies may be “stretched to the limit.” The price for Brent crude oil…
Executive Chairman Rupert Murdoch of 21st Century Fox announced Wednesday he’s outbid rival Comcast with a $32.5 billion offer for British broadcaster Sky. The two companies have been in a…
Two weeks after helping secure a new arrangement with OPEC, Russian President Putin said the economy was stable, but exposed to external risks. Russia is party to a committee monitoring…
A Libyan oil executive called on international investors to remain committed to the country, adding economic problems could have a spillover effect. Mustafa Sanalla, the head of Libya’s National Oil…
