Tuesday, May 19, 2026
Today's Print

Tag: oil

Oil, gas giants not in sync with global climate goals – report

Paris, France—Oil and gas giants are far from aligning with the global climate change goals they purport to uphold, and only a government-managed decline...

Oil industry placing risky bet on plastics: report

Big oil producers are pinning their future growth on the world's insatiable appetite for plastic, researchers said Friday, in a "bet" on society's failure...

Oil rises on signs of easing supply glut

Oil prices edged higher Thursday on signs that production cuts are easing a virus-triggered glut, but gains were capped after the head of the...

Pilipinas Shell incurs P5.5-b loss as oil price collapses

Pilipinas Shell Petroleum Corp. on Wednesday reported a first-quarter loss of P5.5 billion after global oil prices collapsed amid government restrictions of economic activities...

Oil rebounds in Asia after Saudi Arabia output cut

Oil rebounded in Asian trade Tuesday, buoyed by Saudi Arabia's decision to cut output more than it had pledged as the virus-hit world economy...

With prices down and jobs leaving, US oil workers learn patience

Wait for an upturn, or pick up stakes and look for work elsewhere? That's the dilemma facing oil workers around Carlsbad in New Mexico, where...

Oil set for positive finish to week as lockdowns eased

Oil prices rose in Asian trade Friday and were set to end the week with strong gains on signs demand is returning as some...

Oil extends gains as virus-hit economies ease curbs

Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs and as top producers...

Crude extends rally as output cuts begin 

Oil prices rallied Friday as massive output cuts began to kick in and top producers said they would turn the taps lower, while there were...

Crude lifted by Iran-US tension but virus impact hits stocks

US oil prices were set to end a historically bad week on a positive note, extending gains Friday owing to rising Iran-US tensions, though...

Unwanted commodity

Oil, once the most precious commodity on Earth, is now being dumped in the international market. International traders do not want to lay their...

Equities, crude cautiously higher but capped by virus uncertainty

Hong Kong - Asian markets saw tentative gains Thursday as oil markets stabilised after days of wild gyrations but investors continued to fret over...

 Brent crude drops below $18 a barrel, down more than 8% 

Singapore - Brent crude fell more than eight percent to below $18 a barrel Wednesday while US oil struggled to hold on to early gains...

Oil giant Shell vows to become carbon neutral by 2050

Anglo-Dutch oil giant Royal Dutch Shell pledged Thursday to become carbon neutral by 2050, matching a commitment by rival BP as climate change looms...
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