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BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap with rivals.
Wage talks between Norwegian oil firms and three labour unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year that could have hit s
Occidental Petroleum beat estimates for first-quarter profit on Tuesday as the oil-and-gas firm benefited from higher oil prices.
World oil demand is expected to grow lesser this year than earlier estimates and output should grow faster than thought previously, resulting in a more balanced market, the U.S. Energy Information Adm
Higher crude prices can put upward pressure on prices for consumers at the gas pump, including during the peak summer-driving season that kicks off on Memorial Day weekend.
Israel started its operation against Hamas in Rafah, but oil markets were calm.

Best ETF Areas of Last Week

02:01pm, Tuesday, 07'th May 2024
Wall Street was upbeat last week. The Fed's plan to slower the balance sheet tightening process and the release of downbeat jobs data dragged down bond yields.
Israel rejected the cease-fire accepted by Hamas but has sent a delegation to Egypt to continue talks.
Oil futures edged lower early Tuesday after news reports said Russian Deputy Prime Minister Alexander Novak indicated OPEC+ could move to raise crude production.
The crude oil market is poised for continued volatility, influenced largely by the fluid situation in the Middle East.
After a rough couple of years, exchange-traded funds (ETFs) tied to clean energy generation and distribution are starting to outperform investor vehicles centred on oil and gas exploration and product
The United States sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, the U.S. Treasury Departm
BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels.
As oil and natural gas prices show signs of rebounding, investors eagerly await to see if the upward trend will persist through today.
Affiliates of Vietnam's state oil firm PetroVietnam have made two new oil findings with combined initial reserves of 100.5 million barrels of crude oil, its exploration and production arm PVEP said on
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