oil and gas

Marco Alverà made his remarks during an interview with “Squawk Box Europe”.

Chevron and Exxon reported profits for the second straight quarter as higher demand for petroleum products and a jump in oil and gas prices boosted operations.

Shell boosted its dividend for the second consecutive quarter and announced the launch of a $2 billion share buyback program.

The fatal floods in Germany in recent weeks have put the impacts of climate change firmly in the spotlight again.

Oil and gas majors are likely to report bumper second-quarter earnings in the coming days, energy analysts have told CNBC.

Carbon capture is becoming increasingly popular among investors, and these companies are at the forefront.

Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Tehran less dependent on the Strait of Hormuz.

China is in the process of kicking out all its bitcoin miners, and many of them could be headed to Texas.

The drop was a rude awakening for oil bulls who’d been enjoying the commodities’ highest prices in 2½ years.

Climate researchers, campaigners and environmental advocacy groups argue that carbon capture technology is not a solution to the world’s’ climate challenge.

Oil prices dropped more than 8% on Monday amid fears that a jump in covid cases will hurt demand just as OPEC+ boosts production.

OPEC and its allies reached a deal on Sunday to phase out 5.8 million barrels per day of oil production cuts by September 2022. 

Coordinated increases in oil supply from OPEC+ will begin in August, the group announced Sunday.

Oil prices are up, but Alaska isn’t. The state is worst in the 2021 America’s Top State for Business ranking. High costs and low oil production are factors.

The International Energy Agency on Tuesday warned oil markets are likely to remain volatile following a breakdown in talks between OPEC and non-OPEC allies.

BP said the coronavirus crisis last year resulted in primary energy and carbon emissions falling at their fastest rates since World War II.

OPEC is the strongest it has been in years, and they would not want to “upset the applecart,” said Stephen Schork of The Schork Group.

The strength of the U.S. dollar could continue to pressure value-related trades such as energy in the near term, Oppenheimer’s Ari Wald warns.

Oil jumped to its highest level since October 2018 on Monday amid stalled talks between OPEC and its allies.

OPEC and its allies twice failed to reach a deal on oil output last week, and on Monday, discussions were put off indefinitely.