Crude oil prices tumbled on Monday, as investors waited for a decision by producer group OPEC+ whether to extend large output cuts to balance global markets, but vaccine hopes helped keep benchmarks on track to rise more than a fifth in November.
January Brent crude futures, which will expire later...
Tullow Oil reported a post-tax loss of US$1.22 billion for 2020, but is confident that its Ghana business, where it plans to drill four wells this year, will deliver sustainable and profitable production.
“We will start a multi-year, multi-well drilling programme in Ghana next month to deliver sustainable and profitable...