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- Renewable Energy ( $Tesla(TSLA.US$ )
- AI ( $Microsoft(MSFT.US$ , ...
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Last year, against all odds, Russia managed to grow its oil output despite being hit with tough sanctions, a plethora of oilfield service companies exiting the country as well as the refusal by western countries to buy its crude for the most part.
Indeed, Energy Intelligence reports that in 2022, Russia’s crude and condensate production increased 2%, with oil production clocking in at 10.73 million b/d, above Russia's ministry for ec...
Indeed, Energy Intelligence reports that in 2022, Russia’s crude and condensate production increased 2%, with oil production clocking in at 10.73 million b/d, above Russia's ministry for ec...
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Oil prices inched up on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery in China, the world's top oil importer.
Brent crude futures rose 32 cents, or 0.4%, to $80.26 a barrel at 0700 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 22 cents, or 0.3% higher, to $73.61.
Last Friday, WTI an...
Brent crude futures rose 32 cents, or 0.4%, to $80.26 a barrel at 0700 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 22 cents, or 0.3% higher, to $73.61.
Last Friday, WTI an...
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US Treasury Secretary Janet Yellen on Monday said she saw a path for avoiding a US recession, with inflation coming down significantly and the economy remaining strong, given the strength of the US labour market.
"You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years," Yellen told ABC's Good Morning America program.
"What I see is a path in which inflation is declining s...
"You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years," Yellen told ABC's Good Morning America program.
"What I see is a path in which inflation is declining s...
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- Miner Newmont drops on Newcrest bid
- Chinese stocks fall on geopolitical jitters
- $Dow Jones Industrial Average(.DJI.US$ down 0.11%, $S&P 500 Index(.SPX.US$ down 0.62%, $Nasdaq Composite Index(.IXIC.US$ down 1.00%
U.S. stocks ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting interest rates.
Traders are keeping a close eye on speeches by Fed o...
- Chinese stocks fall on geopolitical jitters
- $Dow Jones Industrial Average(.DJI.US$ down 0.11%, $S&P 500 Index(.SPX.US$ down 0.62%, $Nasdaq Composite Index(.IXIC.US$ down 1.00%
U.S. stocks ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting interest rates.
Traders are keeping a close eye on speeches by Fed o...
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$BP PLC(BP.US$ became the latest oil and gas supermajor to report record earnings for 2022, more than doubling its profit last year as oil and gas prices surged.
BP reported on Tuesday an underlying replacement cost profit – its closest metric to net profit – of $27.65 billion for 2022, more than doubled from the previous year’s earnings of $12.8 billion.
The UK supermajor beat its previous earnings record – set in 2008 when oil...
BP reported on Tuesday an underlying replacement cost profit – its closest metric to net profit – of $27.65 billion for 2022, more than doubled from the previous year’s earnings of $12.8 billion.
The UK supermajor beat its previous earnings record – set in 2008 when oil...
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A White House spokesperson has accused oil majors of plowing profits back into the pockets of executives instead of boosting production.
Oil majors have been boosting production while also buying back shares, with Chevron reporting record U.S. oil and natural gas production in 2022.
U.S. oil production rose last year to the second-highest level on record and stands a good chance of setting a new record high this year. $Camber Energy(CEI.US$ $Imperial Petroleum(IMPP.US$ $Chevron(CVX.US$ $Exxon Mobil(XOM.US$ $Crude Oil Futures(JUN4)(CLmain.US$
Oil majors have been boosting production while also buying back shares, with Chevron reporting record U.S. oil and natural gas production in 2022.
U.S. oil production rose last year to the second-highest level on record and stands a good chance of setting a new record high this year. $Camber Energy(CEI.US$ $Imperial Petroleum(IMPP.US$ $Chevron(CVX.US$ $Exxon Mobil(XOM.US$ $Crude Oil Futures(JUN4)(CLmain.US$
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Headlines
Record profits with Net Income at USD 55.7bn vs USD 23bn for 2021.
Recovering demand post-pandemic and tightening supply saw prices in both crude oil and natural gas rocket.
Despite falling prices in Q4, margins have remained resilient.
Falling prices meant Q4 earnings were slightly behind Q3, though still amongst its most profitable in history.
Production up 30% in new Guyana and Permian oilfields.
Analysis
A cracking year all round for the oil and gas gia...
Record profits with Net Income at USD 55.7bn vs USD 23bn for 2021.
Recovering demand post-pandemic and tightening supply saw prices in both crude oil and natural gas rocket.
Despite falling prices in Q4, margins have remained resilient.
Falling prices meant Q4 earnings were slightly behind Q3, though still amongst its most profitable in history.
Production up 30% in new Guyana and Permian oilfields.
Analysis
A cracking year all round for the oil and gas gia...
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