Opec

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Saudi crown prince Mohammad bin Salman (left) and his Abu Dhabi counterpart Mohammed bin Zayed during a meeting in   Abu Dhabi, UAE, in  2018. Photograph:Anadolu Agency/Getty Images

Emirati and Saudi disagreements over oil production have revealed that the close relations between the once allied de facto rulers of these countries (...)

House builders stood out as a bright spot in Dublin on the back of an upbeat trading update from Cairn Homes. Photographer: Chris Ratcliffe/Bloomberg

European shares ended higher on Thursday as a rally in crude prices saw energy stocks surge ahead, with house builders standing out as a bright spot i(...)

Oil and gas stocks rose 1.1 per cent to lead sectoral gains in Europe

European stocks inched toward record levels on Wednesday, helped by energy and consumer stocks, while strong economic data from US and Europe buoyed i(...)

The IEA have developed a roadmap to ‘ensure the opportunity of net-zero emissions by 2050 is not lost’. File photograph: iStock

Climate pledges by governments to date – even if fully achieved – would fall well short of what is required to bring energy-related carbon dioxide emi(...)

Oil majors Exxon Mobil and Chevron profit as Covid recovery sees crude prices climb. Photograph: Jason Alden/Bloomberg

Oil majors Exxon Mobil and Chevron generated the most free cash flow in more than a year as economies around the world claw their way out of lockdowns(...)

A worker inspects a valve on pipework at the oil and gas field processing and drilling site in Ukraine.

OPEC and its allies, including Russia, announced Thursday they would gradually increase oil production over the next three months. In agreeing to mod(...)

The FTSE 100 has risen 4.3 per cent so far this year, supported by speedy vaccine rollouts and a raft of economic stimulus. Photograph: iStock

World stocks ran higher on Thursday following their slowest quarter in a year, as US economic strength offset the return to strict Covid-19 lockdown m(...)

 Storage tanks at Tullow Oil’s Ngamia 8 drilling site in Lokichar, Turkana County, Kenya. Photograph: Baz Ratner/Reuters

Tullow Oil has reported an after-tax loss of $1.2 billion for last year after writing off exploration assets and other impairments. The London-listed(...)

Photograph: iStock

European shares paused on Tuesday as investors sought to guess the bond market’s next move, while weak German retail sales were a stark reminder of co(...)

Rosneft was forced to reduce oil production in line with the OPEC+ supply pact aimed at stabilising global markets. Photograph: Alexander Zemlianichenko Jr./Bloomberg

Fallout from the pandemic and a weaker rouble sent Russian energy giant Rosneft to a third-quarter net loss of 64 billion roubles (€700 million) from (...)

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