Shell plans wide cuts in oil exploration division, sources say
Shell plans to scale back its oil and gas exploration and development workforce by 20 per cent as CEO Wael ...
Tag: Oil
Oil traders remain split on whether Opec+ will revive supplies as planned
Oil watchers remain divided over whether Opec+ will go ahead with a planned production revival next quarter, as demand fears ...
Asia: Markets retreat after rally, oil dips but Middle East worries linger
ASIAN markets slipped on Tuesday following a tepid day on Wall Street as traders took a breather from a recent ...
Indonesian palm oil output set to fall on dry weather, old trees
THE outlook for Indonesia’s palm oil harvest has dimmed as dry weather and ageing trees crimp production in the world’s ...
Malaysia’s Petronas sues South Sudan over abandoned oil fields
A UNIT of Malaysian oil and gas giant Petroliam Nasional sued South Sudan for allegedly blocking a sale of its ...
New Zealand to push through law to reverse ban on oil and gas exploration
NEW Zealand said on Monday (Aug 26) it would pass laws by the end of this year to reverse a ...
Oil climbs on Middle East escalation fears, US rate cut expectations
OIL prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle ...
Oil climbs over 2% after Fed’s Powell indicates US rate cuts
US light crude oil gained more than 2 per cent a barrel on Friday (Aug 23) after comments by US ...
Morgan Stanley cuts 2024 oil demand growth outlook on China factors
MORGAN Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China’s slower economic growth, increased ...
Oil rises nearly 2% on upbeat US economic data, geopolitical tension
OIL prices gained more than US$1 a barrel on Thursday (Aug 15) after United States economic data allayed fears of ...
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