Analysts Believe Oil Market Is Underpricing Risk
Analysts at Standard Chartered said they think geopolitical risk in oil has escalated significantly.
Analysts at Standard Chartered said they think geopolitical risk in oil has escalated significantly.
Woodside posted a lower quarterly revenue of $3 billion as selling prices and production and sales volumes fell.
Tamarack Valley Energy CEO Brian Schmidt sees a need for even more export capacity in the long run as drillers ramp up output from newer fields.
Intense swings in European natural gas prices have prompted traders to pile into options contracts.
Oil fluctuated as markets weighed Iran's threats on Israeli nuclear sites against a stronger US dollar.
The company has now sold approximately 14.8 million cubic feet per day of production under long-term natural gas sales contracts.
Washington will not renew a reprieve issued to Caracas for oil and gas activities, accusing the Maduro regime of reneging on a commitment to upholding fair elections.
BP Plc restructured its top management.
Collectively, rooftop solar is now the second largest source of renewable electricity generation in Australia, behind wind energy generation.
The company's latest Ringhorne North exploration well was successful with estimated recoverable resources of between 13 million and 23 million barrels of oil.