Big Oil’s green-bashing stokes backlash as campaigners hit out at ‘talking points from the 1970s’
Top oil executives have been sharply criticized for pushing back on the viability of the clean energy transition at a U.S. conference.
Global energy demand will outpace population growth through 2050, Kuwait oil CEO says
Kuwait Petroleum Corporation CEO Shaikh Nawaf al-Sabah said oil demand will increase during the energy transition.
Exxon is not trying to acquire Hess in dispute with Chevron over Guyana oil assets, CEO says
When asked directly, Darren Woods said acquiring Hess is not one of Exxon’s objectives in the dispute with Chevron.
Saudi Aramco CEO says energy transition is failing, world should give up ‘fantasy’ of phasing out oil
The CEO said alternative energy sources have been unable to displace hydrocarbons at scale, despite the world investing more than $9.5 trillion.
Oil prices head to weekly gain as crude market expected to tighten
U.S. crude and the global benchmark are up 3.5% week to date so far.
U.S. crude rises above $80 as oil supply deficit forecast for 2024
Oil giant Shell waters down its near-term emission cuts in strategy update
British oil giant Shell on Thursday announced plans to moderate its near-term carbon emissions cuts.
Oil strategist says the market could be caught off guard by a crude spike this summer
Investors could be caught off guard by the strength of an oil price rally this summer, according to Morgan Stanley’s Martijn Rats.
Oil prices rise as U.S. inventories fall, Ukraine strikes Russian refineries
U.S. crude inventories fell by 5.5 million barrels last week, according to data from the American Petroleum Institute.
BP and Abu Dhabi National Oil Company suspend major purchase in Israeli gas firm
The deal would have seen BP and Adnoc buy a 50% stake in the Israeli gas producer.