IEA Chief Warns Fracturing Global Order Is Splintering Energy Policy
A fracturing in the “global order” is threatening the harmony in energy policies, the head of the International Energy Agency has warned. “We see a fracturing in the global political…
Eni Considers Return to Oil Trading as Rivals Reap Billions
Italy’s Eni is considering reopening its oil-trading business as it misses out on the profits that its fellow European supermajors are generating from selling the commodities they produce, the company’s…
Oil Prices Rebound as as Traders Reassess Iran Deal
Crude oil prices reversed much of the losses they suffered on Tuesday as traders sold, expecting a deal between Iran and the United States. Hours later, the wind of trader…
Guyana Fast-Tracks Gas Expansion as Oil Cash Piles Up
Guyana’s sights are set much higher than just being the new oil darling of the Western hemisphere. It wants to be the gas darling too. That’s the frame coming out…
Santos to Axe 10 Pct of Workers after Decline in Annual Profit
Santos Ltd. is targeting a 10 percent headcount reduction after Australia’s second-biggest natural gas producer reported a slump in profit on lower oil and gas prices. The layoffs will include short-term…
