Kuwait’s government has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash to plug its budget deficit, after a political dispute over borrowing left one of the […]
Markets fluctuated amid a huge number of corporate earnings. S&P 500: 39% Nasdaq: 72% Dow Jones: 60% Amazon reported earnings nearly doubled Wall Street estimates, while delivering its biggest revenue of all time at $125.56 billion, […]
The Committee emphasized the ongoing positive contributions of the Declaration of Cooperation (DoC) in supporting a rebalancing of the global oil market in line with the historic decisions taken at the 10th (Extraordinary) OPEC and non-OPEC […]
The U.S. has gone to court to seize 2 million barrels of oil that it claims came from Iran, as Joe Biden’s administration shows little sign of taking a softer line on Tehran. The Department […]
Singapore — 0246 GMT: Crude oil futures rose during mid-morning trade in Asia Feb. 3 after the American Petroleum Institute reported a large draw in US crude inventories, underscoring the bullish sentiment being fostered by improved […]
Oil shipments from OPEC’s Persian Gulf producers slipped last month, even as output restrictions were eased and production volumes increased. Combined shipments of crude and condensate — a light form of oil extracted from gas fields — from Saudi […]
Market Watch – ConocoPhillips COP, 2.65% said Tuesday it had a net loss of $800 million, or 72 cents a share, in the fourth quarter, after earnings of $700 million, or 65 cents a share, in the […]
ENB Publishers Notes: Bulls ARE BACK IN TOWN baby as crude pushes for $55 off improved supply/demand outlook Singapore — 0323 GMT: Crude oil futures rose mid-morning in Asia Feb. 2 on the back of an […]
February off to a good start with broad indices rising behind more heavy retail trading and a shake off from Friday’s trading session. S&P 500: 78% Nasdaq: 60% Dow Jones: 23% “The return of volatility […]
Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum, delivered 2 million barrels of “carbon-neutral oil” to Reliance Industries in India, it said late Jan 28. The US company said it was the energy industry’s […]
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