Page 6 - Simon Webb News Today

BPs search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the boards probe into whether previous CEO Bernard Looney breached the... -November 30, 2023 at 04:05 am EST - MarketScreener

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

By Maha El Dahan, Olesya Astakhova and Alex Lawler

Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation... -November 21, 2023 at 02:00 am EST - MarketScreener

Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide. The long-term economics of gas-fired plants, used in Europe and some parts of the United States primarily to compensate for the intermittent nature of wind and solar power, are changing quickly, according to Reuters' interviews with more than a dozen power plant developers, project finance b...

Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation... -November 21, 2023 at 12:38 pm EST - MarketScreener

Oil has slid to around $79 a barrel for Brent crude from a 2023 high in September near $98. Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East.

OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ sources told Reuters after prices dropped by almost 20 percent since late... -November 17, 2023 at 12:18 pm EST - MarketScreener

OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ sources told Reuters after prices dropped by almost 20 percent since late September. Oil has slid to around $79 a barrel for Brent crude from a 2023 high in September near $98. Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East.

By Olesya Astakhova and Alex Lawler MOSCOW/LONDON (Reuters) - OPEC+ is set to consider whether to make additional oil supply cuts when the group meets ...