Oil Down as Rate Hikes Rekindle Recession Fears
Oil’s three-day rally ended as policymakers made clear they would continue tightening economic reins in the fight against inflation, reigniting fears of a global slowdown.
Oil’s three-day rally ended as policymakers made clear they would continue tightening economic reins in the fight against inflation, reigniting fears of a global slowdown.
Equinor kicked off the search for a new executive vice president for renewables as Pal Eitrheim leaves the company.
Should Chevron and Shell partner in the venture, it would be a sign that the Vaca Muerta can attract more foreign oil and gas investments.
'The first quarter is not a good quarter to bring volumes'.
Oil prices fell to a three-week low near $67 as technical selling and oversupply fears overshadowed OPEC's slower-than-planned output increases.
Crude oil stocks, not including the SPR, stood at 423.4 million barrels on November 29, according to the EIA.