U.S. Oil Prices Plunge as OPEC+ Decides to Boost Production in June
U.S. oil prices tumble after OPEC+ agrees to surge production in June Logo of the Organization of the Petroleum Exporting Countries (OPEC) Andrey Rudakov | Bloomberg | Getty Images U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month. U.S. crude was down $2.49, or […]
UAE Launches Annual Oil and Gas Summit, Promises to Boost Production Despite Declining Prices
The UAE opens its annual oil-and-gas summit, pledging to increase output even as prices have fallen ABU DHABI, United Arab Emirates (AP) — The United Arab Emirates opened its annual oil-and-gas summit on Monday with pledges to increase energy output even as global prices have fallen and world politics remain uncertain ahead of the U.S. […]
Malaysia Challenges Chinese Patrols to Boost Oil and Gas Drilling in the South China Sea: Report
Malaysia defies China’s patrols to expand South China Sea oil, gas drilling: report Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels that have maintained a constant presence in waters where both sides have overlapping claims, according to a new report. Short-range coastal tracking data show […]