Oil prices dropped more than 4% on Thursday, extending steep losses from the previous session, as U.S. crude stockpiles ballooned and the ongoing trade war between the United States and China is jeopardising the outlook for global economic growth
Aramco, Saudi Arabia's national oil giant, was the most profitable company on the planet in 2018, posting a net profit of $111.1 billion but China's Sinopec continued to lead the world’s biggest oil and gas companies, generating $426bn in revenues.
Qatar announced plans to quit OPEC from January, just days before the cartel's Vienna meeting set for December 6.
Argentina's state-run oil company YPF plans to invest $4B-$5B per year through 2022 to significantly boost oil and gas production, CEO Daniel Gonzalez told Reuters on Friday.
Brent crude was trading around its highest in nearly four years on Wednesday, on the back of a tightening oil market. The U.S.
Oil prices climbed Wednesday to score their highest finish of the month, after the U.S.
Discovered resources of conventional oil and natural gas are seeing an exciting recovery worldwide, already surpassing 4.5 billion BOE in the first half of 2018 according to an analysis by Rystad Energy.
Companies that buy Iranian crude oil must completely halt purchases of the commodity from Iran by November, or else they will face powerful U.S. sanctions, a senior U.S.
Crude prices hit a 3-1/2-year high on Tuesday as investors digested OPEC's monthly report for April and news on planned fresh U.S. sanctions against Iran.