Oil prices will stay below $40 a barrel this year, as measures aimed at halting the rapid global spread of

As the oil and gas sector comes to terms with decade-low oil prices and global disruptions caused by the coronavirus (COVID-19), company costs and investments are being slashed with over US$50bn pledged to date and more on the horizon, says

OPEC oil output rose in March from the lowest in more than a decade last month as Saudi Arabia boosted

Royal Dutch Shell slowed refining output and will write down up to $800 million (649.46 million pounds) in the first

U.S. President Donald Trump and Russian President Vladimir Putin agreed during a phone call on Monday to have their top

Oil prices are on pace to register their worst quarterly performance on record, as the coronavirus pandemic continues to crush

U.S. crude oil output fell to 12.7 million barrels per day (bpd) in January from 12.8 million bpd in December,

High natural gas storage volumes combined with effects of the coronavirus outbreak could suppress demand and prices through at least

Bearish oil fundamentals prompt major rethink
At the start of the year, the International Energy Agency (IEA) was expecting that

Global capital expenditure (capex) for exploration and production firms (E&Ps) is expected to drop by up to $100 billion this