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2 mins read
Oil drops over 4% as COVID-19 cases force new lockdowns in China, while Russia and Ukraine talks resume
Oil dropped over 4% as COVID-19 cases rose in China, while supply worries receded as Ukraine said i…
Adam Morgan McCarthy
2 mins read
It will take years for the oil and gas market to recover from the 'mother of all shocks,' Harvard economist says
"When there is an energy shock, it can take a huge price change to clear the market," the Harvard e…
Jennifer Sor
3 mins read
ONGC wins bid to acquire PTC's wind power unit for Rs 925 cr
ONGC said it has taken various initiatives for renewable energy power generation and already has…
PTI
1 min read
Republican-controlled states like Oklahoma are rushing to invest in clean energy, even as conservative groups push for more oil and gas
The Heritage Foundation's energy policy playbook includes deconstructing federal clean energy progr…
Chris Panella
1 min read
Indian stocks rise marginally; Nifty metal top mover
Indian stock indices started Friday's trade on a marginally positive note, with Nifty auto, Nifty m…
ANI
1 min read
APAC Oil and Gas producers maintain capex amidst energy transition: Fitch Ratings
According to Fitch Ratings, despite these financial commitments, APAC O&G companies have more flexi…
ANI
1 min read
The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs says
Demand for crude is set to climb through 2034, as major oil producers pull back on spending, Goldm…
Jennifer Sor
2 mins read
ONGC discovers oil and gas reserves in Mumbai offshore, calls it momentous achievement
State run Oil and Natural Gas Corporation (ONGC) said on Thursday that it has discovered oil and ga…
4 mins read
Kotak report sounds a warning for the ‘nonchalant’ Indian market investor
Kotak Institutional Equities has warned that Indian markets are failing to account for the disrupti…
2 mins read
Despite Biden climate change pledges and conservative complaints about a war on energy, the US is on pace for record oil and gas production in 2023
Republicans have accused Biden of waging a war on American energy, but US oil and gas production is…
Kelsey Vlamis
3 mins read
Oil and gas companies are investing billions to make energy from waste but some climate groups call it greenwashing
The Sierra Club said oil and gas companies touting investments in renewable natural gas are greenwa…
Catherine Boudreau
2 mins read
The UAE planned to use the global climate summit it's hosting as a chance to strike new oil and gas deals, BBC report says
The UAE reportedly planned to discuss liquefied natural gas projects with Chinese delegates.
Tom Porter
3 mins read
FPIs offload IT, oil & gas stocks worth ₹13,734 crore in March; remain net sellers of Indian stocks for 2 years running
Foreign portfolio investors (FPIs) extended their bearish stance on the oil & gas sector in March, …
3 mins read
ONGC to start oil production from KG block in May, gas in 2024
The company blamed contracting and supply chains issues due to the pandemic for shifting the start …
PTI
3 mins read
Crude oil market at the crossroads — S&P Global Commodity insights unveils in-depth 2024 energy outlook
According to S&P Global, against the backdrop of a turbulent global stage, characterized by economi…
ANI
3 mins read
Warren Buffett's Berkshire Hathaway has piled about $27 billion into Chevron and Occidental Petroleum this year. Here are 8 of Buffett's best quotes about investing in the oil business
Buffett sees investing in an oil producer as betting on the commodity's price over time, and predic…
Theron Mohamed
2 mins read
At least $12 trillion in oil industry investments are needed to prevent a spike in energy prices, OPEC chief says
"By underinvesting, we are actually endangering energy security," Haitham Al-Ghais told CNN on Mond…
Filip De Mott
2 mins read
Adani Group will invest Rs 12,400 cr in Telangana
The conglomerate's flagship firm Adani Enterprises will invest Rs 5,000 crore in setting up a 1…
PTI
2 mins read
'Americans just work harder' than Europeans, said the CEO of Norway's $1.6 trillion oil fund
Nicolai Tangen said European companies aren't innovating as quickly as American ones, as he spoke o…
Matthew Loh
1 min read
Billionaire investor Carl Icahn exits Occidental Petroleum stock as Warren Buffett reveals $5 billion stake in the energy giant
The activist investor slammed Occidental's financing deal with Buffett's Berkshire Hathaway in 2019…