The Organization of the Petroleum Exporting Countries and allies led by Russia, or OPEC+, is cutting output by 5.85 million barrels per day (bpd), equal to about 5.7% of global supply, as agreed in a ...

Prices jumped on concerns that U.S. tariffs against its major trade partners could disrupt supplies and raise prices at the pump. The president says lower prices could solve a range of problems, but ...

CEO and group president Mads Nipper has been replaced by the company just ahead of the release of the company's 2024 annual ...

Bunkerspot provides news, in-depth analysis, expert comment and price indications for the global marine fuels industry ...

SINGAPORE (Reuters) - Oil prices jumped on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and ...

Announcements of cutbacks and changes in leadership this week showed the offshore industry faces "a series of headwinds." ...

Mads Nipper will step down as chief executive officer of Danish wind developer Orsted A/S after a series of huge writedowns ...

Offshore wind giant Orsted has dumped its chief executive as it looks to reverse the 80 per cent collapse in its share price ...

CEO Mads Nipper will step down and Rasmus Errboe, current deputy CEO and CCO, will assume his position with the company.

Analysts say Nipper was 'victim of circumstances,' not least Trump’s recent re-election in the US, but ultimately has himself to blame for ‘missteps’ that left investors repeatedly disappointed ...

I am honored and humbled to step into the role of CEO at Ørsted, a company I have proudly served for the past 13 years.

Orsted, the world's leading offshore wind developer, appoints new CEO to navigate a challenging market with supply chain ...