An oil reserve of a potential 1.2 billon barrels has been discovered in Alaska’s North Slope in what the companies involved believe is the largest US onshore oil discovery in nearly three decades. Spanish oil company Repsol (REPYY) and Armstrong Energy announced the find On Thursday, saying their discovery is

published Apr 19th 2017, 12:03 pm, by Liam Denning (Bloomberg Gadfly) —The most striking aspect of the energy sector in recent weeks has been an all-round lack of confidence. Relative to the wider market, the E&P sector’s performance this month looks even worse given that the S&P 500 is essentially