OPEC Plus will stick with a production increase negotiated in July.
Author: STANLEY REED
A New Coal Mine for England Is Stirring Hopes and Fears
A mining company’s proposal has largely been embraced locally as an economic stimulus, but climate concerns may shelve the idea.
Britain Rethinks Letting China Enter Its Nuclear Power Industry
Financing and security issues are clouding new power station projects.
Oil Nations Again Fail to Reach Deal as U.A.E. Demands Higher Quota
Monday’s meeting never got started after attempts to mediate the dispute failed to make progress.
British Fraud Unit Is Investigating Gupta and Greensill
The inquiry will focus a spotlight on a steel magnate and a financier whose business collapse has provoked a scandal in Britain.
U.K. High Court Says Nigerians Can Sue Shell in Britain Over Oil Spills
The Dutch energy company has a presence in Britain, and a judge ruled there was “a real issue to be tried.”
Saudi Arabia Will Cut Its Oil Production, Allowing Russia’s to Grow
Oil prices rose to levels not seen since February. The two major oil producers had been moving in lock step since an April agreement to cut output.
Chevron’s Purchase Could Unlock Israel’s Natural Gas Bonanza
The oil giant’s takeover of Noble Energy gives it a foothold in an emerging energy hot spot: the eastern Mediterranean Sea.
Britain Is Getting Ready for Its Space Race
Spurred by Brexit, London is backing companies that will build satellites and haul them into orbit.
Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank
The coronavirus pandemic took a major toll on the oil giant’s earnings, but Aramco will maintain its hefty dividend for shareholders.