Crescent Petroleum, the Middle East's first and largest private exploration and production company, has signed a memorandum of understanding (MoU) with the Local Organizing Committee (LOC) for Special Olympics World Games Abu Dhabi 2019 to sponsor the World Games taking place 14-21 March,"...

SAO PAULO: The chief justice of Brazil’s Supreme Court has restored a presidential decree regulating how state-controlled Petroleo Brasileiro SA (PETR4.SA) can carry out an ambitious divestment program meant to reduce the company’s significant debt.

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Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi this morning.

As"...

RIYADH: After dwindling to near 16-month lows at the end of 2018, oil prices bounced back in the first week of the year, helped by OPEC’s proactive output cuts and positive economic news from the US.
The year 2019 started with a progressive rebound in oil prices after the 2018-year"...

Reuters
HOUSTON
Oil prices ended with full-year losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut and mixed signals related to renewed U.S. sanctions on Iran.
For the year, U.S."...