Oil and Gas

Crude oil prices edge down after sharp gain in end-July as market awaits OPEC technical committee meeting

Crude oil prices edged down Tuesday, following a week of straight gains that brought the global oil benchmark above $50…

European oil giants seek to harness U.S. offshore wind

Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience…

OPEC oil output jumps to 2017 high on further Libya recovery

OPEC oil output has risen this month by 90,000 barrels per day (bpd) to a 2017 high, a Reuters survey…

Shell sees oil demand peaking by late 2020s as electric car sales grow

The world's oil consumption could peak as early as the end of the next decade as electric vehicles become more…

Oil prices hover near eight-week highs on lower U.S. inventories

Oil prices held just below eight-week highs on Thursday, supported by a steeper-than-expected decline in U.S. crude inventories that boosted…

Falling oil price pushes Tullow Oil to £400m loss

Lower oil prices pushed Tullow Oil into a pre-tax loss of almost £400m in the first half of the year.…