Equinor announced its sixth oil discovery on the Norwegian continental shelf this year, it said in a press release on its website on Monday. The new discovery comes in partnership with the Norwegian companies "Bigning Upstream" and "Longboat Energy" of…
Continue ReadingOil prices are down 2%, and Brent crude is below $106 Oil prices fell more than 2% during Thursday's trading; Economic and recession fears have roiled global financial markets, outstripping supply concerns and geopolitical tensions in Europe. Oil prices are…
Continue ReadingOil prices rise 3%, and Brent crude is above $104 Oil prices rose about 3% during trading today, Wednesday, May 11, 2022, after losses of nearly 10% during the previous two sessions. The rally is supported by concerns about supplies;…
Continue ReadingGlobal oil prices fell on Monday, May 9, along with stock markets in Asia, weighed by weak Chinese data and fears of a global recession that could double oil demand. Oil prices fell as investors looked ahead to European Union…
Continue ReadingOil prices rose about 1% during trading today, Friday, for the fourth consecutive day, as fears of disruption of Russian supplies outweighed the closures in China, the largest importer of crude in the world, due to the outbreak of the…
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