CNBC Energy

Oil prices flat with markets on hold for progress in US-China trade talks
Oil prices were little changed on Monday following steady gains in the previous week with investors awaiting fresh clues over prospects for a trade deal between the United States and China, shrugging off concerns over steadily rising oil supplies.

Saudi Aramco's IPO is set to value the oil giant at up to $1.7 trillion
The figure is below the $2 trillion that the Saudi crown prince had previously targeted.

European Investment Bank to scrap funding for fossil fuel projects
Board reaches agreement on new energy lending policy following a meeting.

Growth in global oil demand more than doubled in the third quarter, IEA reveals
Global oil demand in the third quarter of 2019 grew by 1.1 million barrels a day, more than double the previous quarter, according to the IEA.

Oil gains 1.7%, shrugging off rising supply concerns
Oil prices rose on Friday as OPEC's outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month.


Aramco valuation falls short of crown prince’s $2 trillion target
Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion, well below the $2 trillion target sought by Crown Prince Mohammed bin Salman since he first mooted an initial public offering in 2016.

23rd World Petroleum Congress call for papers attracts 2,000 submissions
The World Petroleum Council announced today that 2,000 abstracts were received for the 23rd World Petroleum Congress (WPC) Call for Papers – the highest number of submissions ever achieved in the history of the Congress.

Wärtsilä and PSA Marine collaborate to achieve clean energy shipping
Specific collaboration areas envisioned include the use of electric or hybrid technologies that further the use of low-emissions energy and propulsion systems, and the incorporation of next-generation smart vessel technologies.