Brent/CHF

OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group's second consecutive downward revision. The weaker outlook further underscores the challenge faced by OPEC+, which comprises the Organization of the Petroleum Exporting ...

Alex Beard, the billionaire former head of oil at Glencore Plc, appeared for the first time at a London court after being charged with corruption by the UK’s fraud agency. Beard, 57, was accused last month by the Serious Fraud Office of conspiring to make corrupt payments to government officials and state-owned oil firm employees in Nigeria and Cameroon ...