Business

Crude oil prices plummeted again Wednesday morning despite Hurricane Michael lashing the Florida coast as a Category 4 storm....Read More

BP assumes oil prices will drop to $60-$65 per barrel after a period of extreme volatility as supply and demand is balanced, and disruptions may only cause dislocation....Read More

Total and Aramco inked a FEED accord for a petrochemical plant in eastern Saudi Arabia that represents a $5-billion investment and will be operational by 2024....Read More

Russia’s Energy Minister Novak considers it unnecessary for Russia to join OPEC because the current relationship is functional and without legal obligations....Read More

BP has shut production at four platforms near the path of Hurricane Michael as it moves into the northern Gulf of Mexico, while Equinor and ExxonMobil started evacuations....Read More

Italy’s Eni on Monday inked an accord with BP and NOC under which Eni will get a 42.5% interest in a Libya exploration-operating agreement and assume operations....Read More

China, which is fighting air pollution by seeking alternatives to coal consumption, will by 2023 be the world’s biggest renewable energy user, the IEA said....Read More

Crude oil prices stayed steady Friday after a volatile week that saw the highest prices in four years....Read More

The U.S. State Department this week approved the sale of Bell 407GX helicopters to Iraq for an estimated cost of $82.5 million....Read More

The B-2 Spirit conducted its first deployment to Joint Base Pearl Harbor-Hickam in Hawaii from Aug. 15 to Sept. 27, which included exercises with F-22s and a hot-pit refueling....Read More