The bank sees Brent crude at $70 a barrel in 2019, saying OPEC's cuts are "sufficient" to support prices.
Oil prices rose on Tuesday, clawing back some of the previous day's hefty losses as a modest show of strength in global stocks, a slightly weaker dollar and an unplanned supply outage in OPEC member Libya lent support.
President Donald Trump asked Saudi Arabia to cut fuel costs by pumping at full throttle. Instead, the Saudis persuaded oil producers to cut output.
Total investment in the construction of the wind farm is approximately $280 million.
The money will be used to support the Renewable Energy Performance Platform.
Stocks that have gotten clobbered during the volatile 2018 cycle are the ones most likely to lead the market next year, according to Goldman Sachs.
Oil fell 3 percent on Monday, echoing the weakness in global stock markets as the focus returned to demand growth concerns.
Citi believes international oil prices will average $60 a barrel in 2019, remaining near current levels as OPEC production cuts encourage U.S. drillers to put more oil on the market.
Major oil producers have reached a preliminary deal to cut oil production and boost the market, following two days of grueling negotiations.
More than 400 global investors have come together to urge governments to implement urgent action on climate change.
Project will generate more than 450,000 megawatt hours of energy annually.
The vehicle is expected to be delivered towards the end of next year or the start of 2020.
CNBC's Brian Sullivan talks to Nigeria’s Oil Minister about OPEC’s 1.2 million barrel production cut deal and the important details surrounding the oil cartel’s agreement.
Stock markets have been gripped with fear this week over a deteriorating economic growth outlook and questions regarding the U.S.-China trade truce.
Climate change is dramatically impacting the planet and creating new business risks. So how are companies responding to mitigating environmental damage and ensuring long-term resiliency through increased use of digitization?
CNBC's Brian Sullivan reports on what to expect from the OPEC meeting in Vienna, Austria.
La Paz, Bolivia, is a place where the air is thin and the scenery dramatic.
Oil prices jump after OPEC, Russia and several other producers reach an agreement to cut output and boost the market.
OPEC has reportedly agreed to cut oil production, but the cartel is not releasing details of the deal until it reaches an agreement with allied producers including Russia.
Oil prices snapped lower Thursday morning after Saudi Arabia's energy minister said that a cut of 1 million barrels per day would be enough for OPEC and allied oil producers.