Driven by higher oil and gas prices and refining margins and strong trading results as the world is recovering from the pandemic, energy major BP saw its profit soar in the third quarter of 2021 when compared to the same period last year.
Oil prices have sunk about 12% in less than two weeks amid softening physical demand and the unwinding of long positions.
Shell, one of the world's largest oil companies, has warned that the low price of oil could reduce the value of its assets by up to $22bn
Hopes over the lifting of restrictions buoyed up market sentiment even as the pandemic took a further grim toll on jobs.
Despite the current crisis in the oil and gas sector occasioned by a slide in crude oil prices, industry experts and policy analysts foresee that there will be stabalisation of crude oil prices
Norway has announced it will reduce oil output for the second half of 2020
The two nations acted prior to the May 1 deadline set by OPEC+
The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down.
It has been revealed that there are currently 27 oil tankers with more than 20 million barrels of crude onboard anchored off the coast of Southern California,
The price of US oil has turned negative for the first time in history
Find job opportunities in oil, gas, wind, solar, wave, nuclear and LNG industries
9:10 PM | Nov 29
9:00 PM | Nov 29
8:02 PM | Nov 22
11:50 PM | Nov 20
6:27 PM | Nov 16
9:33 AM | Nov 8
Jul 19, 2021
Jun 15, 2021
Jun 22, 2021
Jun 16, 2021
Subscribe to weekly news.
Oil and Gas People is now part of Energy People.
A new website incorporating all the energy industries.
You will be taken to jobs.energypeople.com to sign in.
If this is your first sign in to the new site you will need to reset your password and then complete some new fields on your profile.
Please be sure to set up new job alerts also.
The new site makes it easier than ever for thousands of recruiters to find you instantly.