Oil rises despite demand slowdown forecast

US oil rigs down for sixth week in a row

Oil price: Brent crude futures gained $1.15, or 2%, to settle at $58.53 a barrel — Oil price: Brent crude futures gained $1.15, or 2%, to settle at $58.53 a barrelPhoto: REUTERS/SCANPIX

Reuters

Published 9 August 2019, 22:22Updated 9 August 2019, 22:22

Production Americas

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In a world awash with information, Upstream helps readers filter out the noise and zero in on what matters in the international energy industry. For nearly three decades, we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the industry and the people behind them. In recent years, we also have chronicled the industry’s efforts to transition to cleaner energy sources.

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