Oil prices fell further in Asian trade Wednesday with U.S. crude posting fresh six-year lows on mounting worries over rising supplies. On the New York Mercantile Exchange, light, sweet ... Read More
Drop in oil prices has producers raising cash Investors are snapping up new stock and bonds from energy producers as they search for bargains amid the tumult caused by ... Read More
Royal Dutch Shell has scrapped plans for a $6.5bn petrochemicals project with Qatar Petroleum, citing “the current economic climate prevailing in the energy industry”, the oil major said on Wednesday. ... Read More
Oil prices fell more than 1 percent on Wednesday after touching their lowest in nearly six years the previous session, extending losses alongside a sell-off in other commodities. Commodities came under ... Read More
Global Benchmark Brent Is 17% Lower for the Year The global oil benchmark settled below $50 a barrel for the first time in nearly six years Monday after Goldman ... Read More
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