Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus cases across the globe. Brent

After a tumultuous four months for the oil and gas (O&G) sector, industry players can heave a sigh of relief on the back of some certainty as global oil prices

Russian Energy Minister Alexander Novak said on Thursday he expected global oil demand to recover significantly in August and improve to 10% below the levels seen prior to the coronavirus

Oil prices rose nearly 2% on Wednesday after a favorable U.S. inventory report from the Energy Information Administration (EIA), an OPEC agreement to taper the production cuts, and assurances from U.S. President

Covid-19 may have done permanent damage to oil consumption in the transport sector. Some analysts see global oil demand peaking later this decade, while others believe it may never return to the giddy

The West Siberian Basin is the largest oil and gas producing region in the FSU, both in the geographical area it covers and the recoverable oil and gas that it

Irish oil and gas explorer Petroneft Resources has taken further steps to ensure the viability of its business following the significant impact the coronavirus pandemic has had on oil markets.

PetroNeft Resources plc (LON:PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, has