Oil Giants Drill Deep as Profits Trump Climate Concerns

European majors revive exploration activity Shell applies for licence to drill more rigs in Namibia Offshore rig activity recovers to prepandemic levels IEA expects 2023 oil and gas investment highest since 2015 LONDON, July 3 Reuters Oil and gas companies have intensified the hunt for new deposits in a longterm bet on demand, as they […]
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Oil Slips on Further US Rate Hike Concerns

China factory activity growth slowed in June Caixin PMI OPEC output dips in June ahead of Saudi cut survey Oil demand set to jump in 2nd half of 2023 PVM LONDON, July 3 Reuters Oil slipped on Monday as concerns about a global economic slowdown and possible further interest rate hikes from the U.S. Federal […]
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