global oil industry
The Latest
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Oil Prices Dip Amid China Lockdowns And Strategic Reserve Release
The decrease in demand in China and the planned release of oil reserves have caused oil prices to dip for the second straight week. 
The decrease in demand in China and the planned release of oil reserves have caused oil prices to dip for the second straight week. -
Goldman Sachs Optimistic For Oil
Concerns continue to be raised about demand in Europe and India. This sent oil prices down by nearly 2% Monday. 
Concerns continue to be raised about demand in Europe and India. This sent oil prices down by nearly 2% Monday. -
BP Exits Petrochemical Business Through $5 Billion Deal
BP has reached an agreement to sell its entire petrochemical business to UK chemical company Ineos for $5 billion. 
BP has reached an agreement to sell its entire petrochemical business to UK chemical company Ineos for $5 billion. -
BP Expects Continued Low Global Oil Prices, Writes Off $17.5 Billion In Assets
BP expects oil prices to continue to decline through to 2050 as the world's transitions to low-emission fuel sources and energy systems. 
BP expects oil prices to continue to decline through to 2050 as the world's transitions to low-emission fuel sources and energy systems. -
BP To Reduce Workforce, Affecting 10,000 Jobs Worldwide
Most of the jobs that will likely be affected by the cost-cutting measure will be redundant positions at BP's headquarters in the UK. 
Most of the jobs that will likely be affected by the cost-cutting measure will be redundant positions at BP's headquarters in the UK. -
Historic OPEC Deal Puts An End To Global Oil Price War
OPEC, Russia, and other major oil producers have agreed to cut production as part of the historic deal. 
OPEC, Russia, and other major oil producers have agreed to cut production as part of the historic deal. -
OPEC And Russia Inches Closer To Global Output Reduction Deal
OPEC and Russia will be holding talks with top energy ministers from the G20 this Friday to get their support for their proposed oil production cut strategy. 
OPEC and Russia will be holding talks with top energy ministers from the G20 this Friday to get their support for their proposed oil production cut strategy. -
Nigeria Responds To Oil Price War By Ramping Up Production And Reducing Prices
In response to the oil price and demand slump, Nigeria announced that it will be offering massive discounts and pumping oil at maximum levels. 
In response to the oil price and demand slump, Nigeria announced that it will be offering massive discounts and pumping oil at maximum levels. -
Saudi Aramco Shares Falls Below IPO Price For First Time
Following the collapse of the three-year pact between OPEC and Russia, Saudi Aramco's share prices dropped by 6.2 percent on Sunday to 30.85 riyals per share. 
Following the collapse of the three-year pact between OPEC and Russia, Saudi Aramco's share prices dropped by 6.2 percent on Sunday to 30.85 riyals per share. -
Repsol Goes Bold In Carbon Neutral Pledge
Repsol leads the way in oil industry’s first pledge to go carbon neutral by mid-century. 
Repsol leads the way in oil industry’s first pledge to go carbon neutral by mid-century.
