Oil prices mixed as surging COVID-19 cases outweigh vaccine optimism
Oil futures were mixed on Thursday as the surge in coronavirus cases and tighter economic restrictions around the globe stoked fears over slower fuel demand, outweighing upbeat vaccine news.
Iran feeds uranium gas into advanced centrifuges underground: IAEA report
Iran has fired up advanced uranium-enriching centrifuges that it had installed underground at its Natanz site, in the latest breach of its nuclear deal with major powers, a report...
Oil prices edge up as market eyes OPEC+ meeting, vaccine hopes
Oil prices edged up on Tuesday on expectations OPEC and its allies will extend oil production cuts for at least three months, while sentiment was bolstered by news of...
OPEC+ starts meetings to weigh further steps to support market
The Organization of Petroleum Exporting Countries and allies started meetings on Monday that will look at further action to support the oil market in 2021, as the second wave...
Rosneft swings to net loss, hit by pandemic and weaker rouble
Fallout from the pandemic and a weaker rouble sent Russian energy giant Rosneft to a third-quarter net loss of 64 billion roubles ($827 million) from net income of 43...
Oil falls after IEA cast doubt on quick demand recovery
Oil prices fell on Thursday, snapping three consecutive daily gains, as traders tempered expectations of an early release of a COVID-19 vaccine and the IEA raised doubts about a...
Australia’s Fortescue plans global green energy drive
Australian mining magnate Andrew Forrest outlined ambitious plans on Wednesday to build a renewable energy business, aiming to compete with oil giants to provide low-cost green energy globally.
BP, Orsted launch green hydrogen project at German oil refinery
BP BP.L and Danish renewable energy group Orsted ORSTED.CO have partnered to develop zero-carbon hydrogen at a German oil refinery, BP's first full-scale project in a sector that is expected to grow rapidly.
Russian energy minister made deputy PM in cabinet reshuffle
Russian Prime Minister Mikhail Mishustin recommended the promotion of Energy Minister Alexander Novak to the post of deputy prime minister on Monday as part of a second overhaul of...
Oil falls as virus cases rise, U.S. vote count continues
Oil fell below $40 a barrel on Friday as new lockdowns in Europe to halt surging COVID-19 infections sparked concern about the outlook for demand, while markets remained on...
