BP Profit Slumps to Near Four-Year Low as Oil Demand Sags
Wedoany.com Report-Oct 30 , BP on Tuesday reported a 30% drop in third-quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results....
US Sets New Safety Measures As Deep Sea Oil Drillers Test New Depths
Wedoany.com Report-Oct 30 ,The Bureau of Safety and Environmental Enforcement (BSEE) rolled out new rules for U.S.offshore drillers on Tuesday, as breakthrough technology enables them to operate under...
Russia’s Crude Shipments Advance for Second Consecutive Week
Wedoany.com Report-Oct 30 , Russia’s seaborne crude exports rose for a second consecutive week to reach the highest in a month. Flows increased by 120,000 barrels a day, after adding a similar a...
Namibia’s Oil Company Aims to Increase Future Stakes in Projects
Wedoany.com Report-Oct 30 ,The National Petroleum Corp. of Namibia aims to triple its stake in future oil and gas projects to 30% as the southern African nation is set for a surge in activity followin...
. Trans Mountain Ushers in Period of Stability for Canadian Crude
Wedoany.com Report-Oct 30 ,The discount on Canadian heavy crude is the most stable it has been in more than two years as the startup of the expanded Trans Mountain pipeline gives the country’s o...
Oil Steadies After Two-Day Decline on Fading Middle East Risk
Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s producti...
PetroChina Reports Q3 Revenue and Profit DeclineCompany Announcements PetroChina Reports Q3 Revenue and Profit Decline
Wedoany.com Report-Oct 29 ,PetroChina Company Limited reported a decline in revenue and profit for the third quarter of 2024, with revenue dropping by 12.4% and profit decreasing by 5.3% compared to t...
BP Beats Estimates Despite Lower Oil Prices
Wedoany.com Report-Oct 29 ,FTSE 100 oil giant BP has reported strong-than-expected earnings for the third quarter. On Tuesday, it posted an underlying replacement cost profit, used as a proxy for net ...
Markets ‘Far Too Bearish’ On Oil, Eric Nuttall Says As Crude Tumbles
Wedoany.com Report-Oct 29 ,Benchmark oil prices fell by more than five per cent in midday trading on Monday, but one oil bull says energy markets should recover and stabilize within a few days. Eric N...
Oil Steadies After 6% Plunge With Focus on Mideast Risk, US Data
Wedoany.com Report-Oct 29, Oil steadied — after tumbling the most in more than two years on Monday — as the market focused on the prospect for easing hostilities in the Middle East and upcoming US e...