Oil Business

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. Photo:Reuters
Global Economy

Big Oil hits brakes on search for new fossil fuels

Acquisitions of new onshore and offshore exploration licenses for the top five Western energy giants dropped to the lowest in at least five years

A depot used to store pipes for TC Energy Corp's planned Keystone XL oil pipeline is seen in Gascoyne, North Dakota, January 25, 2017. REUTERS/Terray Sylvester/File Photo/File Photo
Global Economy

Even without Keystone XL, US set for record Canadian oil imports

FILE PHOTO: General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah
Global Economy

Saudi Arabia beats Russia in tight race for China oil supply, US imports soar

Photo: Reuters
Global Economy

Oil drops 1% as rising coronavirus cases end supply-led rally

The Philadelphia Energy Solutions oil refinery is seen at sunset in Philadelphia March 26, 2014. Picture taken March 26, 2014. Photo :Reuters
Global Economy

Oil prices fall on renewed coronavirus concerns as China cases mount

General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Photo: Reuters
Global Economy

Saudi cut to boost oil market de-stocking, even as demand falters

A man looks at the exhaust chimneys and pipes of the oil refinery of Ras-Tanura in Saudi Arabia on Sept. 3, 1990. JACQUES LANGEVIN/SYGMA/SYGMA VIA GETTY IMAGES
Global Economy

Oil rises to 11-month high, logs weekly gain on Saudi output cut

Rosneft intends to develop large oil reserves in the northern Ural region's tundra.Ruslan Shamukov / TASS
Global Economy

Oil steady after US Capitol drama; tighter supplies in focus

A man looks at the exhaust chimneys and pipes of the oil refinery of Ras-Tanura in Saudi Arabia on Sept. 3, 1990. JACQUES LANGEVIN/SYGMA/SYGMA VIA GETTY IMAGES
Global Economy

Brent oil rises to highest since February after Saudi Arabia output cut

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. Photo:Reuters
Global Economy

Oil slips again as new coronavirus strain proves 'nightmare before Christmas'

A petrol station of French oil giant Total is pictured in Latresne near Bordeaux, France, November 19, 2018. REUTERS/Regis Duvignau/File Photo
Analysis

The new black gold? Big Oil bets on retail networks in an electric era

The Wilmington ARCO refinery in Los Angeles, California on Dec. 19, 2003. DAVID MCNEW/GETTY IMAGES
Global Economy

Oil prices drop on US stock build, delay in OPEC+ meeting

Photo: Reuters
Global Economy

Oil falls as OPEC+ talks delays raise supply concerns