Oil investors to usher in 2024 amid oversupply, demand concerns
Oil investors will usher in 2024 with gnawing concerns about oversupply, slowing economic growth and simmering Middle East tension that could spark price volatility.
Benchmark...
Mozambique signs $5 bln hydro-project accord with EDF-led consortium
Mozambique has signed an accord with a consortium led by French power giant EDF to build the new $5 billion Mphanda Nkuwa hydropower project,...
Oil slips as weak sentiment counters Middle East tensions
Oil slipped on Tuesday, giving up earlier gains, as concern over excess supply and slowing demand growth outweighed escalating supply risks in the Middle...
Exxon Mobil forecasts increases in project spending, oil output
Exxon Mobil will target annual project spending of between $22 billion and $27 billion through 2027, the company said in an update that largely...
Oil drops on demand worries after US gasoline inventories swell
Oil prices fell by 2.5% on Wednesday, as a bigger-than-expected rise in U.S. gasoline inventories worried markets about demand and outweighed a draw in...
