Hard Rock Café opens in Guyana
Hard Rock Café has opened in Guyana. The international-themed restaurant founded in London in 1971, opened its doors at the new Movie Towne, Guyana. The 4,600-square-foot, state-of-the-art cafe ...
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Saudi energy minister concerned about oil price volatility
Saudi Arabia's energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $60 a barrel and rise above $86. "I think what we need to do is narro...
US stocks claw back some of their big losses; oil slides
US stocks climbed Tuesday morning, putting at least a temporary halt to the steep market losses that circled the globe in prior days. Asian markets sank sharply earlier in the day, but European m...
OPEC looks to cut oil production to support falling price
OPEC countries were gathered Thursday to find a way to support the falling price of oil, with analysts predicting the cartel and some key allies, like Russia, would agree to cut production by at least...
Oil-rich South Sudan seeks investment in fragile new peace
South Sudan is making its first big foreign investment pitch since declaring an end to civil war, but the oil-rich nation faces hesitation from some companies that want to make sure the fragile new pe...
US says conserving oil is no longer an economic imperative
Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-t...
Trump claims Saudi Arabia will boost oil production
President Donald Trump said Saturday that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, "maybe up to 2,000,000 barrels" in response to turm...
ExxonMobil announces eighth oil discovery in Guyana
Exxon Mobil Corporation has announced its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stab...
Guyana to create Natural Resource Fund
The Commonwealth is assisting Guyana to create the regulations, policies and legislation it needs for a new petroleum industry that could inject billions into its economy. Guyana is set to become a...
Exxon aims to boost production even with any climate rules
Exxon's CEO says the company can more than double its earnings by 2025 and will invest in new oil and gas production even if policymakers adopt rules to combat climate change. Darren Woods to...