Oil prices retreat, but still above $100
Brent crude oil surged past $105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine
Brent crude settled down 6 cents, or 0.07%, at $82.25 a barrel, while U.S. WTI crude futures were down 11 cents, or 0.14%, at $78.39
Brent futures gained $1.09, or 1.3%, to $84.52 a barrel, while U.S. West Texas Intermediate (WTI) crude added $1.87, or 2.3%, to $83.80
Exxon Mobil Corp sees its investments in Brazil's offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas production, country head Juan Lessmann said on Wednesday.
Oil prices stabilised on Tuesday after dropping nearly 7 per cent in the previous session amid a broader market retreat on concerns about a resurgence of COVID-19 infections, which came just as oil producers inked a new supply deal.
Shell announced on Wednesday its intention to raise shareholder payouts as the world economy continues on its path to recovery.
Britain, Ireland and Morocco-focussed energy company Europa Oil & Gas announced on Wednesday that its wholly-owned subsidiary operator of the West Firsby oilfield has entered into a memorandum of understanding (MoU) with Causeway Geothermal, to assess the potential of the field as a geothermal test.....