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COP28 chief’s global tour begins with a defense of fossil fuels

Tuesday, February 7, 2023, 6:37 AM MST

Oil and gas will have a key role to play even as the world shifts to cleaner energy and climate…

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BP slows retreat from oil as Russia war drives record profit

Tuesday, February 7, 2023, 6:21 AM MST

BP plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by…

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BP mulls deals to expand oil and gas production amid profit boom

Tuesday, February 7, 2023, 6:13 AM MST

BP plc may pursue acquisitions to expand its oil and gas portfolio as the company scales back promises to sharply…

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Oil extends rebound as Saudi Arabia bets on more demand in Asia

Tuesday, February 7, 2023, 6:08 AM MST

Oil rallied as Saudi Arabia signaled confidence in the demand outlook with a surprise boost in crude prices, while investors…

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There are signs a stronger China rebound will boost oil: IEA

Monday, February 6, 2023, 6:29 AM MST

China’s economy could be poised for a stronger-than-anticipated rebound that’ll deliver a demand boost for oil and natural gas, according…

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Saudi Arabia unexpectedly raises oil prices for next month

Monday, February 6, 2023, 6:25 AM MST

Saudi Arabia unexpectedly raised oil prices for its main market of Asia, while also lifting those for US and European…

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OPEC chief sees more upbeat outlook with China reopening

Monday, February 6, 2023, 6:21 AM MST

OPEC’s top official said he sees a “more upbeat” economic outlook as China reopens after several years of virus restrictions.…

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Oil climbs from one-month low after slump as Cehyan pipe halted

Monday, February 6, 2023, 6:15 AM MST

Oil rose as a major oil pipeline was temporarily halted, while key producers flagged stronger Chinese demand just as more…

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OPEC output slides as group sticks with deal to balance market

Friday, February 3, 2023, 6:34 AM MST

OPEC’s crude output edged lower last month as the group pressed on with an accord to keep global markets in…

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Shell plans major work at Europe’s biggest oil refinery in March

Friday, February 3, 2023, 6:26 AM MST

Shell plc plans to carry out major work from March at its Pernis refinery, Europe’s biggest oil-processing complex, according to…

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Oil heads for second weekly drop amid ongoing signs of weakness

Friday, February 3, 2023, 6:13 AM MST

Oil headed for a second weekly decline as dimming optimism over a recovery in Chinese demand and rising US stockpiles…

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Teck completes sale of Fort Hills stake to project partners; exits oilsands

Friday, February 3, 2023, 6:03 AM MST

Teck Resources Ltd. says it has completed the sale of its 21.3 per cent stake in the Fort Hills oilsands…

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