U.S. supermajors ExxonMobil and Chevron both reported their highest-ever quarterly profits on Friday. Higher oil and gas prices, the highest refining margins in years, increased production, and aggressive cost control all contributed to the record-breaking […]
Crude oil demand could be picking up again in China, but the market remains wary of increasing disruption to Russian supplies, Australia’s ANZ Bank said in a Wednesday note. Oil trader Vitol said Chinese demand […]
Responding to record-high US gasoline and diesel prices, President Joe Biden has asked US refiners for their assistance in adding refining capacity to increase supply of gasoline and diesel. “I understand that many factors contributed […]
Top 10 S&P 500 Sell-Offs During First Five Months Numera Analytics Volatility remains the major feature of financial markets. You are correct if you interpret the word “volatility” to include a downtrend in equity prices. […]
(Bloomberg) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center. In the past three […]
Big Oil is raking in historic amounts of cash, but the windfall isn’t being invested in new production to help displace Russian oil and gas. Instead, executives are rewarding shareholders — setting the world up […]
First, let me say thank you to Mark LaCour for his leadership in the oil & gas industry thought leadership and for taking on the most critical aspect facing oil companies today. The past failure […]
For the past 7 years, ExxonMobil has been consistently increasing its footprint in Guyana. Exxon has already made over 20 discoveries, and it is predicting many more to come. The supermajor estimates its Stabroek Block […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 3.4 million barrels for the week to March 25. This compared with a decline of 2.5 million barrels the EIA […]
Leaders on the front lines of the oil and gas industry are pushing back against Democrats’ attempts to kick the country’s reliance on fossil fuels. They argue they will be integral to the global economy […]
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