A fourth straight quarter of robust results came on the back of high oil and natural gas prices.
Tag: Production
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Biden’s Choice After OPEC Cuts: Woo Saudi Arabia, or Retaliate?
The announcement by the Saudi-led OPEC Plus energy cartel that it would slash oil production was widely seen in Washington as a stab in the back of President Biden.
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Saudi Arabia and Russia May Find Their Oil Pricing Power Limited
Reduced global demand may offset any supply cut by OPEC and its allies.
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OPEC Plus Considering Major Production Cut to Prop Up Oil Prices
The oil producers group, which meets on Wednesday, is worried about declining demand in a slowing global economy. Prices have dropped by 25 percent since June.
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An Israel-Lebanon Border Deal Could Increase Natural Gas Supplies
Offshore gas fields in the Mediterranean could become one of several new energy sources for European countries as they seek independence from Russia.