Oil & Gas

The Organization of the Petroleum Exporting Countries (OPEC) has forecasted that world demand for its crude will decline next year as the US shale industry continues to pump more oil, threatening another surplus. Providing its first forecasts for next year in a monthly report, OPEC said...

Junior oil and gas explorer Reabold Resources has discovered what could be the UK’s largest onshore gas field, if preliminary data is accurate. The West Newton gas field, located near the city of Hull in Northeast England, could be the largest onshore hydrocarbon discovery made in...