PetroNeft Resources successful testing of mini oil refinery on Licence 61

As the prices of crude continue to leap, due mainly to shortages in the United States and recovery from the coronavirus pandemic, experts have predicted further rise to $90 per barrel, from $78 in the global

Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in the Gulf of Mexico after two hurricanes. The market was also

The chief executive of the Irish exploration firm said the climate crisis has turned off the investment tap to the sector ahead of a switch to renewables A sharp decline in new investment in production capacity

Oil prices rose for a second session on Monday as concerns over U.S. output following damage from Hurricane Ida supported the market, along with expectations for higher demand. Brent crude LCOc1 rose 33 cents, or 0.5% to $73.25 a barrel, and U.S. West Texas

Russia-based oil and gas exploration and production company PetroNeft on Tuesday updated the market in its operations, reporting that production in the Cheremshanskoye area provided it with “strong” cash operating flows. The AIM-traded company said the well has

Oil closed modestly higher Monday in New York as offshore explorers assess damage from Hurricane Ida and investors shift focus to an OPEC+ meeting that could see more supply added to the market. U.S. oil futures

Oil prices rose on Monday, recovering from a seven-day losing streak as investors hunted for bargains and a softer dollar lent support, though persistent anxiety over surging cases of the Delta coronavirus variant kept sentiment cautious.

Oil prices rose more than 2% on Tuesday, rebounding from recent losses on signs of rising fuel demand in the United States despite a surge in COVID-19 cases. Brent crude rose $1.59, or 2.3%, to settle

Crude oil markets have been jittery lately as additional OPEC+ output counters expectations of continued strong demand and coincides with concerns about the resurgence of Covid-19 in key markets. Yet some believe oil could still hit

Crude oil price provided good positive trades after consolidating above 71.05, which supports the continuation of the expected bullish trend scenario on the intraday and short term basis, and the way is open to head towards

From OPEC to U.S. shale, from fracking to negative oil prices, from endless political debates to inventories, the fossil fuel industry is never short on headlines. But the industry has a few lesser-known tidbits that might

By 1538 GMT, the rouble was 0.5% stronger against the dollar at 74.07 RUBUTSTN=MCX, after touching its highest since July 6 at 73.89. It gained 0.9% to trade at 87.52 versus the euro EURRUBTN=MCX, a near one-week high.

Energy prices are hovering above the $75 level after OPEC and its allies could not reach a key deal on their oil output policy last week, amid rising tensions between Saudi Arabia and the UAE. Crude

Oil prices hit and then recoiled from highs last seen in October 2018 on Monday as investors eyed the outcome of this week’s OPEC+ meeting as the United States and Iran wrangle over the revival of

London’s big-name oil companies were among this morning’s stand-out winners as prices of the black stuff rose to highest in nearly three years. The price of a barrel of Brent crude, the international benchmark, has risen