Opec+ Extends Voluntary Oil Production Cuts By 2.2 Mln BPD Until Late Dec
Wedoany.com Report-Nov 5, Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman are extending voluntary oil production cuts by 2.2 million bpd for one month until the ...
Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips get their hands on total profits of more than $29 billion
Wedoany.com Report-Nov 5, With energy prices hitting their lowest level this year during the third quarter of 2024 given the uncertainties surrounding the outlook for global oil demand made more compl...
Diesel Demand in India Faces Headwinds as Economy Slows
Wedoany.com Report-Nov 5,The diesel market in India is losing momentum as the economy expands at a slower pace and consumption patterns shift in the world’s third-largest oil importer. Sales of ...
Aramco Keeps World’s Biggest Payout With Saudi Finances Wobbling
Wedoany.com Report-Nov 5, The company, majority owned by the Saudi state, is keeping the world’s biggest payout despite increasing signs of stress on earnings. The outlook for oil has darkened w...
Oil Jumps Nearly 3% After Opec+ Delays Output Hike, US Election In Focus
Wedoany.com Report-Nov 5, Oil prices climbed nearly 3% on Monday on OPEC+s decision for a months delay in plans to increase output, while investors also focused on the U.S. presidential election. Bren...
US Crude Oil Pipeline Squeeze Boosts Prices At Gulf Coast Export Hub
Wedoany.com Report-Nov 5, The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the export hub on...
Oil, Gas Companies Told To Cut Emissions By One-third Under Planned Cap
Wedoany.com Report-Nov 5, Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations being published today by E...
Oil Steadies With Middle East Tensions and US Election in Focus
Wedoany.com Report-Nov 5, Oil steadied after jumping almost 3% on Monday on heightened tensions in the Middle East and OPEC+’s decision to delay restoring barrels to the market. West Texas Inter...
ExxonMobil’s Q3 2024 net income drops by 5% to $8.6bn
Wedoany.com Report-Nov 4, ExxonMobil has reported a net income of $8.61bn for the third quarter of 2024 (Q3 2024), down by 5.1% from $9.07bn recorded in the same period last year. In the preceding qua...
South Africa Oil Group Seeks to Amend New Law to Woo Investors
Wedoany.com Report-Nov 4, Some oil explorers are not satisfied with South Africa’s long-awaited rules for the industry that were signed into law last month by President Cyril Ramaphosa, accordin...