U.S. oil output may recover to its pre-pandemicpeak of around 13 million barrels per day (bpd) in the next few years and likely plateau by 2023 due to underinvestment, John Hess, chief executive of oil producer Hess Corp said on Tuesday.
Friends of the Earth said a legal challenge to the British government which seeks to block a $1.15 billion financing for a Liquefied Natural Gas (LNG) project in Mozambique will be heard in the High Court on Tuesday.
A coming transition from oil and gas to renewables will be "messy" for many years and lead to sharp energy price volatility as demand and supply clash, top energy executives said on Tuesday.
Iraq's oil minister said that his country policy in OPEC is based on reservations about the unjustified increase in production, ministry of oil quoted him as saying on Tuesday.