oil price Tag

BP is on the brink of a new era after long-standing chief executive Bob Dudley announced he would be stepping down from the role, to be replaced by the oil major’s current head of exploration and production Bernard Looney. Since taking the top job in the...

Royal Dutch Shell’s profits fell to their lowest since 2016 in the second quarter of the year, with the oil major referencing ‘challenging macroeconomic conditions’ and lower oil and gas prices. The Anglo-Dutch firm profits dropped by 25% to US$3.5 billion in the three months to...

Saudi Arabia will trim its crude oil exports to below seven million barrels per day (bpd) in April, revealed a Saudi official on Monday, in a bid to drain a global supply glut and boost oil prices. Oil prices edged higher on Tuesday in response to...